Taxing property deals rejected
Monday 19 January 2004
The Greens say a capital gains tax on property deals would help rein in the rampaging Kiwi dollar, but the Bank of New Zealand's chief economist thinks such a tax would fail and simply fuel the property boom.
By The Landlord
The measure, which would exclude the family home, was suggested by Greens co-leader Rod Donald yesterday as one of four ways Finance Minister Michael Cullen could combat the continued rise of the dollar against the US dollar.Mr Donald said Dr Cullen's failure to arrest the rise was hurting exporters, tourism operators and domestic manufacturers. The kiwi traded at just over US68c yesterday - the highest level since June 1997.
Read More - Opens in a new window
Commenting is closed
Property News
Return to market form
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
