Comments on: No doubt rents will rise if rebate goes

By: ray

ray — Sun, 21 Mar 2010 22:44:10 +0000

The sooner the Government realises that unless they outlaw Family Trusts and LAQC then all of their comments about depreciation is a load of hot air.
Those Landlords who do operate at a profit are being screwed by the income tax system and no wonder they want out.
Rents will rise in any case because councils have deliberately over priced their fees to stop new housing from occurring.
We have had nine years of a Labour Government and Green Party whose sole purpose in life is to regulate, regulate, and put up costs. Get used to it folk this is the norm.

By: Blog: The Landlord says… » Blog Archive » Not as much tax in residential property as TWG says

Fri, 19 Mar 2010 03:08:54 +0000

[...] Blog: The Landlord says… « No doubt rents will rise if rebate goes [...]

By: John

John — Thu, 18 Mar 2010 08:56:06 +0000

To be honest, you all need to focus on buying property now if you are investors. Lots of stock out there and choice. Good time to buy! Once you realise that house prices longterm will continue to rise and the see the small impact that the tax changes will make, it may be to late to get the bargains that are out there now. And rents are going up now, which will more than cover any change in tax law. However with the current uncertainty in the market I can’t see interest rates going up anytime soon..another plus.
Supply and demand rules.

By: Florence Moore

Florence Moore — Wed, 17 Mar 2010 08:53:01 +0000

I am currently letting a property in Nelson. I am asking substantially more than I did last year and there is still so much demand that it is almost overwhelming me. Obviously a lot of previously available rental property has disappeared for various reasons so what is going to happen to all these people who need accomodation? I can only see rents rising even more as tenants compete for the few available properties, especially if interest rates on mortgages go up as we have been warned they will. Presumably market forces will correct the situation and investors will again buy property for rental until the unmet demand is satisfied. Or am I missing something?

By: Adam says

Adam says — Mon, 15 Mar 2010 05:36:25 +0000

Fella’s all of your speculation is a waste of time and the arguing is ridiculous.
Let’s face it there are many things that may happen. The biggest contributing factor will be the overall economy and interest rates as it always has been.
All these other things i.e: tax and immigration, are just variables, the government is talking it all up in order to keep house prices lower i.e keep inflation down, which isn’t a bad thing really.

By: Jim

Jim — Sun, 14 Mar 2010 23:20:35 +0000

Regan, I do not believe property investors prevent people from buying their first home. I think it has more to do with the ability to save. Many would be first home buyers would sooner spend their money than save for a deposit. If you really want to make a difference to the Tax take dump working for families which is the biggest tax rort going. Just a hand out to bludgers

By: Jim

Jim — Sun, 14 Mar 2010 21:49:48 +0000

Bruce, you are a winner alright. Sweeping generalisations such as your comments are unhelpful and just perpetuate such myths about landlords. Why don;t you buy one for your kids and find out for yourself Somehow I don;t think you will!!!!!!!!!

By: Regan

Regan — Sun, 14 Mar 2010 21:11:04 +0000

Wasn’t that ‘warning’ about rising rents more to do with posturing? Property investors trying to either drive up rents or avoid the tax changes, or both! When their beloved capital gains have evaporated, negative gearing suddenly looks like the stupid investment technique it really is; rents have been too low (real rate of return) for ages. When the rest of the under-capitalised ladder climbers exit values will fall, first home buyers might get a look in so the supply thing might be balanced (still subject to the usual factors such as migration) as renter become buyers.

By: Bruce Fuller

Bruce Fuller — Sun, 14 Mar 2010 18:49:01 +0000

One of my concerns with landlords is that many do claim a tax refund for “repairs”. I have heard the boasting sometimes. Having looked at a great deal of properties over the years (I have kids who rent) many have never been touched in any shape or form. It is easy to buy a 20 pail of paint or a new roof for your own property but claim it against your rental property. Maybe this angle should be looked at closer by the tax deparment.

By: Darren

Darren — Sat, 13 Mar 2010 21:07:21 +0000

The number of people renting who will be in a position to purchase during a slowing or drop in property prices will be minimal overall and counteracted by the next wave leaving home. Rental demand is still continuing and investors no longer purchasing will constrict supply. Some investors are bailing from residential property investment now. Is the government going to act increase supply of rental properties? Rents are far more likely to go up.