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.
In this increasingly competitive rental property market, it’s essential to raise the bar on your marketing. One of the most effective ways to achieve this is by showcasing your property via stunning photography. Here’s a few tips (that won’t cost the bank) to get you started! Time of the day … Read more
The Healthy Homes Standards (HHS) became law on 1 July 2019 and comprise of a set of standards for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties. The Government recently announced a deadline extension to the HHS. What does this mean for property owners that are … Read more