The Tax Working Group has released their report and as expected it is a comprehensive (except for the family home) Capital Gains Tax. 01-04-2019 more >>
In the Friday, 29 March Herald, Dominick Stephens said "property is more lightly taxed than other forms of investment". He quoted a Treasury and Inland Revenue report to back up his claim. That report was also used by the Tax Working Group. However economist Bevan Wallace found serious errors in the report and showed that the conclusion that rental property is undertaxed was wrong. 01-04-2019 more >>
The Official Cash Rate (OCR) remains at 1.75 percent. Given the weaker global economic outlook and reduced momentum in domestic spending, the more likely direction of our next OCR move is down. 27-03-2019 more >>
Unfortunately I am having to write this just before the Tax Working Group recommendations are released, which is a shame. Fortunately (or perhaps unfortunately) there are many topics affecting our industry which I can write about. 09-03-2019 more >>
The latest Consumer Institute cost of living survey shows that general costs in providing rental property have increased faster than rental prices. In addition, wage increases were 66% higher than rental price increases. 04-03-2019 more >>
Today the Minister of Housing announced that rentals which will require a minimum standard for heating, insulation, ventilation, moisture and drainage by 2024. 24-02-2019 more >>
House price expectations slipped again, according to the latest ASB Housing Confidence Survey – though the decline was less dramatic than in the October quarter. 15-02-2019 more >>
Reserve Bank Governor says we expect to keep the OCR at this level through 2019 and 2020. He adds that the direction of our next OCR move could be up or down. 14-02-2019 more >>
The start of a new year is a good time to take stock of what is happening with your investments. Think of it like a wellness health check. 10-02-2019 more >>
Last year ended with the disappointing news that ring-fencing of rental property losses would no longer be permitted, despite it being available to all other forms of tax losses. Along with the Bright Line Test, this is another tax change which will only apply to rental property. 09-01-2019 more >>
The IRD states that in NZ, tax is applied to a person's net income and there are no restrictions on loss making from any source. However the Government is introducing a Bill to just ring-fence rental property tax losses. 10-12-2018 more >>
Two critically important reviews on the rental industry are underway simultaneously at present. The RTA Review and the review of standards for the Healthy Homes Guarantee Bill. 03-12-2018 more >>
The 25% price reduction for Unovent® Home Ventilation Kitsets is an exclusive offer for members of Property Investors' Associations affiliated to the NZPIF and is a “Super Special Reduction†not always available 02-12-2018 more >>
The NZPIF has spent a considerable amount of time and effort working on the Residential Tenancies Act Review and the Healthy Homes Standards. 01-12-2018 more >>
As well as building relationships with influential people, attending workshops and writing submissions, NZPIF representatives (usually Andrew King) have been vocal in the media channels. 01-12-2018 more >>
From 1 January 2019 the changes are - up to 20 percent (increased from 15 percent) of new mortgage loans to owner occupiers can have deposits of less than 20 percent and up to 5 percent of new mortgage loans to property investors can have deposits of less than 30 percent (lowered from 35 percent). 28-11-2018 more >>
The relevance of CVs (Capital Values) has been questioned recently. It’s not the first time and I’m sure it won’t be the last, but the one thing I think we have to come back to is that CVs are a great anchor point for market value 15-11-2018 more >>
