Listed commercial property will be hurt by proposed tax changes, both in terms of returns for current investors and the ability to attract overseas money. 04-02-2010 more >>
TAX WORKING GROUP - Recommendations
The final report of the Victoria University Tax Working Group was released on 20 January.
Residential rental property has been particularly targeted because of the apparent “hole†in the tax base.
29-01-2010 more >>
The revival in residential construction stalled last month in what was a tough December for house vendors, though non-residential building perked up to end the year flat. 29-01-2010 more >>
Property remained the most favoured investment class in the last quarter despite property tax to be introduced in the next budget according to the ASB Investor Confidence survey. 28-01-2010 more >>
The housing market is showing signs of flattening, after rebounding in the middle of last year, according to ANZ's latest property gauges. 27-01-2010 more >>
Tax recommendations presented to the Government have been criticised as "an orchestrated attack on residential landlords" by the Property Investors' Federation vice-president. 21-01-2010 more >>
Real estate industry insiders have mixed views on some of the Tax Working Groups recommendations, which are designed to start taxing property investments harder. 21-01-2010 more >>
Press Release:
The Property Investors’ Federation is concerned about the high level of misinformation around taxation of rental property. 20-01-2010 more >>
Residential property investors face a double-whammy under proposals unveiled today by the Tax Working Group which could raise $2 billion from a sector currently costing taxpayers $150 million a year. 20-01-2010 more >>
House prices rose in 11 of the 12 regions throughout the country in December last year. Find out what else is happening in the main areas. 19-01-2010 more >>
The Inland Revenue is sticking with its controversial views on depreciation of residential rental property - but not winning a lot of support. 19-01-2010 more >>
New Zealand house prices edged up in December as the property market continued to recover from its trough last year, though activity was at a "concerning" low level. 18-01-2010 more >>
The pace of residential home-building continues to pick up, although few new apartments are being built and non-residential construction is down across most sectors, according to November 2009 building consent totals released this morning by Statistics New Zealand. 14-01-2010 more >>
RESIDENTIAL TENANCIES AMENDMENT BILL - 2nd reading commenced.
The Government commenced the second reading debate of the Residential Tenancies Amendment Bill on 8 December. This process basically means that Parliament is asked to adopt the bill as reported back, with amendments from the Social Services Select committee. 11-01-2010 more >>
Commercial property owners and investors will be left to “foot the bill†of a proposed land tax, according to the Property Council of New Zealand. 31-12-2009 more >>
The residential property market is showing signs of plateauing, following the momentum seen over the past two months, according to the latest Mike Pero Mortgages/Infometrics Property Cycle Indicator. 17-12-2009 more >>
