Property News
Investors hold properties for longer
Public perception has it that investors spend their time flipping properties on a regular basis but new analysis shows they hold properties for longer than other buyers.
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On the property beat
INVESTOR PROFILE: From the police academy to a property academy, Tua Saseve’s property journey is one with a difference and now he’s teaching others how to build a successful portfolio.
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Migration confusion
Is migration into New Zealand going up or down? Stats NZ’s new migration measuring system is making it hard to tell.
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CGT threat barely dents market confidence
Confidence in the market remains solid among both residential and commercial property owners – despite the threat of a capital gains tax.
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Sales plunge by nearly 10%
Residential property sales nationwide took a big tumble in February – but capital gains tax related uncertainty could be to blame.
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Revisiting apartments
Kiwis are traditionally resistant when it comes to buying and living in apartments but the time is right for investors to take a fresh look at them as an investment option.
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Warning: don’t overlook consents for property work
Undertaking major work on properties without consents in place has come back to bite two Auckland property owners after Auckland Council took them to court for it.
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Regions driving value growth
Values continue to bubble up in New Zealand’s more affordable regions but the latest QV data shows just how much heat has come out of the broader market.
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Auckland sales lowest in 10 years
Property sales in Auckland reached new lows in February while prices were also down, according to Barfoot & Thompson’s latest data.
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Consents at 44 year high
New dwelling consents are now at the highest level since 1975 but economists say that it’s likely they have reached their peak.
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NZ market more secure than Australia’s
Stability reigns in New Zealand’s property market which leaves it in a much better place than Australia’s, new data from Realestate.co.nz shows.
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Scope of CGT likely to narrow
Government assurances that they are not bound by the Tax Working Group’s recommendations are increasing concerns that a capital gains tax will be applied to rental properties alone.
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What you need to know about body corporates
Body corporate issues regularly turn up in court. So Auckland District Law Society president Joanna Pidgeon explains what investors need to know about them to avoid ending up in a legal battle.
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Outrage over CGT recommendation
Introducing a capital gains tax on rental properties will have a detrimental effect on both the rental market and house prices in the long-term, property investors warn.
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Capital gains tax on the cards
The Tax Working Group (TWG) has recommended that income from capital gains – especially those made on residential rental properties – should be taxed more.
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