The demise of the capital gains tax proposal and record low mortgage rates will led to a pick-up in housing demand and boost the market, ASB economists say.
Celebration is the name of the game for property investors nationwide after the Government announced that it won’t be introducing a capital gains tax.
New Zealand will not see the introduction of a capital gains tax after the Coalition Government was unable to reach a consensus on the issue.
A rare opportunity to purchase a bare section in one of Northcote’s most desirable streets.
These premium sections offer breath-taking views over Oneoto Domain and the wider valley.
All that awaits...
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Ask an expert
“ We are looking to purchase a property in Auckland. But we want to buy with a view to investment and we aren't sure of what strategy to take. Should we buy a more expensive, inner suburb family home and leverage off it as its value rises down the track? Or should we buy a cheaper family home further out and then...”
Our expert Kris Pedersen responds »
Getting bright line right
“I have owned a house for about four years. Over that time, I purchased a new house and having been using the old house as a rental for a year now. I'm looking to move the old house into a company which will be a change in ownership. My accountant says that by changing the purpose of the old house from residential to...”
Our expert Matthew Gilligan responds »
House-sitting vs sub-letting
“Do I have the right as a tenant to invite whoever I wish to my home to look after my belongings, feed my pet(s), water my garden, and take my rubbish and recycling out when I go away for a few days? Do I have any obligation to inform anybody that I'm going on holiday, other than my employer? If the rent is paid up to...”
Our expert Jennifer Sykes responds »
See also: Residental Dwelling Sales statistics »