Why A Capital Gains Tax Will Have A Minimal Impact
For years people have asked me, as a financial advisor and co-director of Erskine + Owen, if I thought a capital gains tax would come in at any point. I’ve always said it’s possible, but it would have zero to minimal impact on house prices, certainly in the medium to long term. Here we are…
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The Residential Tenancies (Prohibiting Letting Fees) Amendment Act has now been passed to remove letting fees for tenants who rent homes. Letting fees are normally the equivalent of one week’s rent (excl. GST) and paid at the beginning of a tenancy as an upfront cost to the property manager. From 12 December 2018, tenants cannot…
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At the moment we don’t seem to be hearing much talk about property busts, not in NZ or many other countries. Are property markets maturing, is the age of a boom bust cycle at an end? It reminds me a bit of my bike riding age when I was about 10….bear with me… As kids we…
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