New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
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This is backed by good growth, more jobs and higher incomes under the Government’s economic programme, according to Treasury’s Pre-election Economic and Fiscal Update issued today.
Martin Dunn says he has been advised that returns from the sale of houses bought by his new investment company will not be taxable. That's despite the fact that the houses have been bought with the expressed intention of eventual sale.
Claims that the absence of first-home buyers in the property market is due to rising prices are not correct, says the chief economist of the BNZ, Tony Alexander.
BNZ’s chief economist has rejected suggestions from the Finance Minister that the country’s house price inflation has become a bubble.
New Zealand’s Government is expecting another house price boom but won’t be intervening with measures such as rent control or public housing schemes, Finance Minister Bill English says.
Some property investors will feel the sting of the Government’s moves to tackle housing affordability, but not as sharply as they might have, says the New Zealand Property Investors Federation.
More development on Auckland’s fringes is not the answer to the housing affordability crisis, the Green Party says.
The new Reserve Bank Governor must increase the OCR if house prices rise rapidly, even if inflation is on target. Finance Minister Bill English and RBNZ Governor-Designate Graeme Wheeler signed a new Policy Targets Agreement (PTA) yesterday. The Reserve Bank Act states that the Governor is accountable for maintaining price stability.
No houses are being built for the lowest-income quarter of New Zealand’s population, Finance Minister Bill English told media last week. His comments are backed up by the Productivity Commission report on housing affordability which noted that the country’s new homes over the past 50 years had tended to be large, expensive houses or top-end apartments.
Government help for commercial property owners needing to do earthquake-strengthening work should be taxation-based, says Auckland Property Investors Association president David Whitburn.
Labour says a reduction in the accommodation supplement handed out by Work and Income may lower the amount landlords are able to charge in rent.
Earthquake Commission (EQC) levies will triple from next year as the Commission seeks to rebuild its Natural Disaster Fund (NDF).
Tax changes are "essential" to remove the distortions that favour housing as an investment over basic savings products, according to the Savings Working Group report.
Proposed new rules confirmed today as part of the wider tax shake-up will eliminate landlords’ and businesses’ ability to claim depreciation on buildings and tighten the rules for LAQCs.
180,000 Kiwi landlords with about $213 billion invested in the sector could be in for a rude awakening come Tuesday.
The government is not ruling out a capital gains tax to keep the housing market under control.
Reserve Bank Governor Allan Bollard has warned MPs that they will fight the next election campaign amid the highest interest rates in recent times.