Property Matters

Insulation update

Budget 2018 included $142 million over the next four years to help 52,000 lower-income owner-occupied households insulate their homes. The new grant will cover up to two-thirds of the insulation cost (ceiling and underfloor), and will be extended... Read more

Budget 2018 – key points

A strong and growing economy is the real story behind the Coalition Government’s 2018 Budget. This is very evident from the Time Series of Fiscal and Economic Indicators which projects Gross Domestic Product (GDP) to grow $17 billion in the... Read more

Plain language and professional plundering

“Our challenge is to speak in plain English”. The new Reserve Bank Governor, Adrian Orr , was clear about interest rates last week. “The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come. The direction of... Read more

Property switchers

Politicians have been giving residential landlords a hard time. It’s no surprise that some are switching to more benign investments, like commercial property. The April issue of New Zealand Property Investor magazine interviewed three... Read more

Ring-fencing

  Inland Revenue has released an “issues paper” on ring-fencing losses. Revenue Minister Stuart Nash says the policy is an effort to “level the playing field” between speculators and investors. Feedback is being... Read more

Bright line test and discrimination

Last week the Revenue Minister Stuart Nash made good on Labour’s promise to extend the current two-year bright line rule to five years. The change will come into effect once the Tax Bill before Parliament is given the Royal Assent, which is... Read more

Warning signs and social housing

Interest rates Last week the Reserve Bank left the official cash rate (OCR) unchanged at 1.75 per cent. That was not a surprise, but as is often the case, the commentary was a useful pointer of things to come. Acting Governor Grant Spencer said he... Read more

Tenancy changes ahead

By the end of the year, the new coalition government is likely to have introduced a number of changes to the Residential Tenancies Act intended to “fix” the rental market. The Minister of Housing said he wanted to introduce laws that... Read more

Holiday homes

A recent news report from Stuff had some interesting facts and figures about bachs and coastal property. In the Far North, Homes.co.nz estimates the median value of for all properties in the region to be about $370,000 . But within 100 metres of the... Read more

Mini-budget delivers on promises

The new governments’ mini-budget presented to Parliament on 14 December delivered on Labour’s promise to reverse the legislated tax cuts that were to come into effect on 1 April next year, and instead direct that money into welfare. The... Read more