Sales activity bounces back to life
The number of sales nationwide was up by 15.5% year-on-year to reach the highest level in five months in October, according to the latest REINZ data.
Infrastructure “tax” for buyers in new development
Additional infrastructure rates will be paid by people who buy properties in a newly announced housing development in Wainui, north of Auckland.
Taking the plunge
INVESTOR PROFILE: Kids TV presenter Walter Neilands had a fear of diving into property investment, but with the help of key mentors he’s built a portfolio of high-yielding properties.
Rotorua - Central City Opportunity
$650,240
Three central city units, which have all been renovated and are part of a 9 unit complex.
All units are on their own title so can be bought or sold separately.
Great for future-proofing your investment...
More Investment Gems »
House buyer sentiment hits 5 year high
Growing numbers of New Zealanders think the times are improving for those wanting to buy a house,...
PMG announces new market offer
Interested in testing the commercial property waters? Property Managers Group (PMG) has just put its...
OCR reaction: cut less likely and rates to stay low
Economists believe the Reserve Bank has adopted a slightly more hawkish stance on the OCR, but say...
What the RBNZ said today
The Official Cash Rate (OCR) remains at 1.75%. We expect to keep the OCR at this level through 2019...
Ask an expert
Rent-to-buy tax
“If you are a landlord offering a tenant a rent-to-buy option is the tax on the profit payable from the time of signing or the time of settlement?
...”
Our expert Matthew Gilligan responds »
Property manager termination
“My property manager failed to provide a signed tenancy contract. I have notified them but they still fail to remedy it. The property manager agreed to terminate their management agreement due to their failure in the management agreement clause. But I still haven't received the tenancy contract, so I don't have the...”
Our expert Bernard Parker responds »
Power meter expenditure
“I have a home and income type rental property. Both dwellings are rented separately. I have installed a separate power meter that cost me nearly $3500. Can you please advise me whether I can claim (tax deduction) as expenses or depreciation as building fit out?
...”
Our expert Mark Withers responds »
Data Section
See also: Residental Dwelling Sales statistics »