Ironing out some niggles on PT

[donna]

Hi All,

Our techie is working on some connection issues. Software incompatibility - for example, you will post a reply and get an error message only to click the send button again and get told you have ready posted the reply.

Refresh your browser, and yep - there is your...

[donna]

Hi All,

I encourage you to read Matthew Gilligan's blog post - a reply to a couple of academics pushing for tougher taxes for property owners. The annual equity tax - where you could be up for paying a tax on the increase in equity in your property - even though it's not realised. ...

[Perry]

Property investors dominate Parliament
18 May 2021

...

[donna]

NZPIF, the First Home Buyers Club and Tenancy Protection Canterbury joined forces to appeal the Gov't's decision on interest deductibility with a letter that had evidence there's more damage than benefits from the change - only to fail to get anywhere i.e. no room for negotiation.


...

[McDuck]

APRIL 2021 Have the new rules had any effect yet?

I've got conflicting reports of how the new rules have affected auctions and the housing market in general.

Some say things are quiet, some say things have never been better.

I'm getting the sense...

[McDuck]

Tax change.

(Unconfirmed rumor).

Interest can no longer be offset against income from your day job.

Who's affected and how?

Short term cashflow ok.. rent still comes in.

Long term asset accumulation ok ...Capital gain still happens....

[donna]

Reserve Bank Mr Orr says property investors may be debt to income tested as another mechanism to stop property price growth. (was on One News 6pm).

Would this be for existing loans that come off fixed terms as well as all new loans? Maybe interesting times ahead .

cheers ...

[donna]

So why are house prices up nearly 20%? Not sure you can blame local investors - in fact far from it however ASB and ANZ have imposed their 30% deposit rule and arguably it will have next to no real impact on house prices.

There are more FHBs in the market, however, the number of investors...

[McDuck]

I wonder... did all those people who deserted Auckland because they couldn't afford a house, end up in all those electorates that went red?

[jenny_pt]

Property investors are to blame for New Zealand's high house prices, a new research paper published by the Helen Clark Foundation says - see full article here.

Also see the discussion on PropertyTalk.com facebook page.

[donna]

Hi All,

What do we think about the relaxing of the LVR requirements - 30% deposits down from 35%. Is this a game changer? Personally I can see house sale prices going up now occupiers and investors can borrow more - not sure that's the intention but will probably be the result aye....

[sidinz]

I have been asked to write a follow-up article for Stuff, about what I've learned through being a landlord.
I'm well aware that there are dozens of wiser and more experienced heads on here, so what issues/facts do we, as a group, think that Joe Blow needs beating over the head with?

[mrsaneperson]

Just wondered if anyone else experienced this charge on top of the underfloor insulation install?

[Commercial Dan]

Interesting time ahead forn Property Inestors, here are my predictions for 2011-12 and beyond:

-Property prices will remain flat for another 2-3 years, then take off as inflation kicks in, real prices might stay flat for a while but who cares when you are hedged by inflation and holding...