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OPINION Is the new Government reducing tax on rental properties to benefit landlords or to cut the cost of rents? That’s the big question this week, after...
The laws that govern our money-lending landscape are in for another shakeup.
Exploring every opportunity to create a body of work that lives up to its name, Special has achieved extraordinary results for its people and clients; pushing further than any other Kiwi-founded agency has gone before with the opening of new offices in London and New York, Special is Campaign Brief’
Business Scoop provides news and views on Business and Markets from New Zealand
Loan-to-value ratios (LVRs) already allow borrowers to get loans on new builds with a smaller deposit than they would need for an existing property. For a new build, first-home buyers can usually have a deposit of 10 per cent while property investors are currently required to have a deposit of 20 per cent. In contrast, first-home buyers usually need a deposit of 20 per cent to buy an existing house and investors effectively need a 40 per cent deposit already, although that’s not official until May. Opposition leader Judith Collins says Prime Minister Jacinda Ardern has broken a promise ...