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Exodus on hold: Survey reveals more investors plan to buy than sell

Exodus on hold: Survey reveals more investors plan to buy than sell
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

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Govt changes likely to drive investors to new properties

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 by introducing a capital gains tax after the Labour Government announced a series of housing policy changes. ....

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Our Truth, Tā Mātou Pono: Crown took Te Āti Awa land for housing, now mana whenua can't afford to live there

The land around Waiwhetu Marae was wrongly taken by the Government in 1939 and never properly returned.
Te Āti Awa received very little compensation when the Crown confiscated land belonging to mana whenua in Lower Hutt. Now properties in the area sell for more than $700,000. Brittany Keogh reports.
Teri Puketapu spent much of the first decade of his life growing up on a farm.
He and his nine siblings would look after piglets their father caught on hunting trips in the Wainuiomata bush, and help plant corn and potatoes on whānau land, in Lower Hutt’s Waiwhetu.
“We had our house cow, a couple of hundred chooks, 20 ducks in the Awamutu stream that ran past our house and the property,” Puketapu, now aged 81, says. ....

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