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  1. #21
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    Sep 2007
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    Auckland
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    Quote Originally Posted by Nick G View Post
    Why not just make them build new like Australia and kill two birds with one stone?
    Yep I think that would be a really good measure.

    Does need to be policed (as all of these measures do I guess), because in Aussie, there were many cases - some very high profile - where Chinese buyers, the vendors, and the agents all ignored the rules and existing (not new) property was sold to the Chinese buyers.
    Squadly dinky do!

  2. #22
    Join Date
    Jun 2004
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    10,313

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    Quote Originally Posted by Davo36 View Post
    Yep I think that would be a really good measure.

    Does need to be policed (as all of these measures do I guess), because in Aussie, there were many cases - some very high profile - where Chinese buyers, the vendors, and the agents all ignored the rules and existing (not new) property was sold to the Chinese buyers.
    I would have thought it was a reasonable solution.

    Also, in the Assie case weren't they forced to sell again?

  3. #23

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    I think the loophole was they could buy existing if they wanted to rebuild. Which... who cares. That seems like an edge case for people with silly money.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  4. #24
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    2,999

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    Quote Originally Posted by Nick G View Post
    Why not just make them build new like Australia and kill two birds with one stone?
    Yes they do that in Australia.
    The result?

    Mr Hu Got Do does not want to live in (the Australian version of) Pokeno, Huapai or Silverdale.
    So he buys a piece of land in (the Australian version of) Takapuna, Mission Bay or St Marys Bay.

    He then builds his compulsory new build house there.

    (Of course there is already an existing house on that piece of land, but a days work with a bullldozer takes care of that).

    So the short answer is - there is always a way around a bureaucratic rule.
    Last edited by flyernzl; 02-05-2017 at 11:38 AM.

  5. #25
    Join Date
    Sep 2007
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    Auckland
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    Or he just sits on the piece of land, which is an eyesore, for years and years, and then sells it off for a big profit.
    Squadly dinky do!

  6. #26
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    5,084

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    http://www.nzherald.co.nz/business/n...ectid=11878670


    In the four months from August last year, foreign investment in British Columbia dropped from 13 per cent to four per cent.

    From January 2016 to January 2017 house prices in Vancouver fell 18.9 per cent.
    DFTBA

  7. #27
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
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    Look what Aussie is doing:

    In Australia, another emergency tax change has instituted a 12.5% special tax on foreigners selling property there if the value is over $750,000 - which accounts for just about everything in Sydney and Melbourne. These are new ATO rules introduced to stop foreign property owners avoiding capital gains tax.
    We could do the same here of course, but then our foreign purchases are only 3% of sales right? Right?

    Link
    Squadly dinky do!

  8. #28

    Default

    Hello,
    Do you have any updates about this project?
    I didn't found any news about it on this website https://www.homeads.ca/ ....


 

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