News

Budget Day – 20 May 2010

By Liam O'Boyle

We are looking forward to Budget Day on 20 May 2010 to bring an end to speculation on taxation treatment of Residential Rental Property.  There has been a clear indication that building depreciation as a tax benefit will cease, and some question in offset of losses against other income. 

There are some excellent signs that the economy is improving, trade surplus, driven by diary prices with increased payout to farmers, polls on unemployment figures suggest a reducing percentage.

Current net migration will add an additional $22,500 people to New Zealand’s population in the next 12 months. 

Residential building consents fell for the 3rd month out of 4, according to Statistics NZ, with March consents falling 0.4%. 

Combine these 2 factors and demand for Residential Rentals must increase.

Up to Date

Latest News

  • Talk of Compulsory Heating in Rental Properties Worries Landlords

    The government has said it will begin moving towards new rules requiring fixed form heating being installed in nearly half a million New Zealand rental homes. The news has landlords fearing legislation that will see them forced to fit their rental properties with heat pumps, which critics say will lead … Read more

    Read Full Post

  • Property Investors: Evil Villains or Pillars of Society?

    There’s been plenty of discussion of late regarding the impact property investors have on the housing market and how to fix the rental market; both from the renter’s perspective and the property investor/landlord’s. The issue is a very complex one as it’s a social issue that pits our basic human … Read more

    Read Full Post