The government have made changes to two areas of legislation that affect property investors: tax (interest deduction and bright-line), and the Resource Management Act. Tax Changes In October the government finally introduced legislation into parliament setting out the proposed interest deduction rules. Here is a summary of the highlights. a) We still do not have […]
Tag: #NZHousingMarket
New Zealand’s Housing Markets
Strong demand for housing, extreme shortage of listings, strong interest from overseas buyers inc. expats, some buying sight unseen. Strong sales in the high-end bracket $3 to $6m. Swamped with buyer enquiry. Everyone seems to be clambering to get a slice of the action. Bare land, sections, new builds existing houses. All attracting huge buyer […]