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Community Scoop » Government Rejects First Home Buyers, Tenants And Rental Providers

Press Release – NZPIF The First Home Buyers Club, Tenants Protection Canterbury and the NZ Property Investors Federation have presented a letter to Government requesting them to reconsider removing mortgage interest costs on rental properties. Research has shown that 90% of rental … The First Home Buyers Club, Tenants Protection Canterbury and the NZ Property Investors Federation have presented a letter to Government requesting them to reconsider removing mortgage interest costs on rental properties. Research has shown that 90% of rental property owners will be affected by the tax increase, with each rental property being taxed an extra $4,542 per year. Although the tax increase will force some providers to sell their rental properties, the majority hope to be able to keep them through reluctantly increasing rental prices.

Business Scoop » New Information Changes The Perspective

Press Release – NZ Property Investors’ Federation A survey of mortgage advisors by independent economist Tony Alexander has shown that the Government may have been too quick to disincentivise rental property providers. The survey found that both investors and first home buyers have become more cautious … A survey of mortgage advisors by independent economist Tony Alexander has shown that the Government may have been too quick to disincentivise rental property providers. The survey found that both investors and first home buyers have become more cautious in their approach to the housing market around the country. Investors are the most cautious, with a net 46% of mortgage advisors who participated reporting that they are fielding fewer enquiries from property investors. In February only a net 5% of respondents said they were seeing fewer investors.

Week in Politics: Property speculators under the hammer as new political calculus emerges

Week in Politics: Property speculators under the hammer as new political calculus emerges
rnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rnz.co.nz Daily Mail and Mail on Sunday newspapers.

Government housing changes: British tax overhaul nowhere near as severe as here

Government housing changes: British tax overhaul nowhere near as severe as here
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

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