Search

Search News Search Questions

News > Misc > Taxing property deals rejected

Misc

Taxing property deals rejected

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.

Monday, January 19th 2004

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

Next Article

Property investors refocus on cash flow

Most Read

See more News >

Top Mortgage Rates

Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.19
ICBC 4.49
Kainga Ora 4.59
ASB Bank 4.65
AIA - Go Home Loans 4.65
ANZ Special 4.65
SBS Bank Special 4.69
TSB Special 4.69
Co-operative Bank - First Home Special 4.69
Nelson Building Society 4.69
China Construction Bank 4.95
Kainga Ora 4.95
ICBC 4.99
Nelson Building Society 5.09
Westpac Special 5.19
Kiwibank Special 5.19
Co-operative Bank - First Home Special 5.19
TSB Special 5.25
ASB Bank 5.25
AIA - Go Home Loans 5.25
SBS Bank Special 5.29
Westpac Special 5.49
SBS Bank Special 5.49
BNZ - Std 5.49
AIA - Go Home Loans 5.59
ASB Bank 5.59
ICBC 5.65
Kiwibank Special 5.69
Kainga Ora 5.69
Co-operative Bank - First Home Special 5.69
Co-operative Bank - Owner Occ 5.79
TSB Special 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.20
Co-operative Bank - Standard 5.34
Co-operative Bank - Owner Occ 5.34
ICBC 5.39
Kiwibank Special 5.75
Kainga Ora 5.79
TSB Special 5.79
Unity Special 5.79

Full Rates Table

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Landlords
© 2026 Tarawera Publishing Ltd.