Comments on: Signs property market is warming

By: Jeremy

Jeremy — Wed, 12 Jan 2011 15:18:23 +0000

Aust has a capital gains tax and has just had a house price boom we never got (20% in one year). Kind of puts a dampner on the capital gains argument. As I see it (perhaps obviously), the housing market is a litmus for how well the economy is doing. So when the NZ economy picks up (wages, jobs, profits) so too will the housing market. Like many others, I wait to see it go as I do not want to miss out if/when prices start to escalate again.

By: Aaron Dixon

Aaron Dixon — Sat, 04 Sep 2010 22:34:08 +0000

If we had a captial gains tax on property to be fair we’d have to extnd that to cover every investment which may appreciate- shares, commodities, businesses. Property is just another business that succceeds or fails based on the experience, imagination and management of the team involved and is similarly subject to the winds and vagaries of the global economic situation and the underlyng soundness of the numbers.

By: Mike

Mike — Tue, 31 Aug 2010 22:15:13 +0000

Wow property market is warming! I’m going to go out and buy like 10 more properties, I can’t lose, because property ALWAYS goes up!

By: martin

martin — Sun, 29 Aug 2010 21:20:37 +0000

Its high time all property was made subject to capital gains tax so we don’t have to continue to read real estate fairy tales ever again. It would be really good if every one (evern the wealthy heaven forbid) got to pay their fair share of tax.