Tag: property

National Pegs Hopes on Build-to-Rent Policy

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Rent levels in New Zealand have risen substantially according to recent Trade Me Property data. The national median weekly rent rose to $595 in January, up by $25 a week or 4% from last year. This follows the national median having stagnated at $580 in the previous three months. According…

RBNZ Hikes Benchmark Interest Rate

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In an attempt to cool a heated property market and rising inflation, New Zealand’s central bank has announced a hike in its cash rate by 25 basis points on Wednesday. Economists had expected a hike over a month ago, but the response was shelved following the most recent Covid-19 outbreak…
housing

Housing Prices Continue To Soar

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Although the number of property sales have decreased, the median price for real estate in New Zealand continues to rise. The Covid-19 pandemic has done little to slow down the New Zealand property market. New Zealand has always had low levels of supply, resulting in fewer properties available to buy.…

Government Tightens Lending Rules To Curb Housing Crisis

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The steep increase in New Zealand property prices has led to a housing crisis. Market figures indicate prices have risen by about 30% over the last year due to record-low interest rates and cheap access to capital thanks to the government’s stimulus spending. With more Kiwis returning home due to…

Public Consultation On New Build Tax Exemption Opens

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The government has revealed proposals to have new builds exempted from planned changes in the taxation of residential investment properties. Public consultation is being invited on the details of these proposals which would see to an end of claims against interest deductions for residential investment properties, except for new builds.…