House sales fell close to 20-year lows last month, as uncertainty about property tax changes and ongoing fragility in the economic recovery continued to weigh on the market, according to Real Estate Institute of New Zealand (REINZ) figures. 12-02-2010 more >>
Falling New Zealand house sale volumes and prices in January may indicate a domestic economy that's struggling to maintain momentum, according to economists. 11-02-2010 more >>
Property investors will find it hard to argue they should continue to claim depreciation of buildings that were increasing in value while not paying tax on that increase, Tax Working Group member John Shewan says. 10-02-2010 more >>
Prime Minister John Key is expected to target tax breaks for landlords in his first parliamentary speech of the year setting out the Government's plans. 09-02-2010 more >>
KPMG believes the silence on depreciation today in the Prime Minister's speech on tax indicates that this remains very much a focus for the government in its tax reforms. 09-02-2010 more >>
The first QV statistics for 2010 show one thing is certain this year - uncertainty remains. Find out what's happening in the main residential areas. 08-02-2010 more >>
It is still too early to gauge whether recommendations forwarded by the Tax Working Group are robust enough to be implemented by the government, according to the Property Institute of New Zealand (PINZ). 05-02-2010 more >>
The government needs to get some balls. One minute they are cosying up to us private property investors to provide them with solutions; the next minute they are treating us like pariahs. It's bizarre.'' 05-02-2010 more >>
Listed commercial property will be hurt by proposed tax changes, both in terms of returns for current investors and the ability to attract overseas money. 04-02-2010 more >>
TAX WORKING GROUP - Recommendations
The final report of the Victoria University Tax Working Group was released on 20 January.
Residential rental property has been particularly targeted because of the apparent “hole†in the tax base.
29-01-2010 more >>
The revival in residential construction stalled last month in what was a tough December for house vendors, though non-residential building perked up to end the year flat. 29-01-2010 more >>
Property remained the most favoured investment class in the last quarter despite property tax to be introduced in the next budget according to the ASB Investor Confidence survey. 28-01-2010 more >>
The housing market is showing signs of flattening, after rebounding in the middle of last year, according to ANZ's latest property gauges. 27-01-2010 more >>
Tax recommendations presented to the Government have been criticised as "an orchestrated attack on residential landlords" by the Property Investors' Federation vice-president. 21-01-2010 more >>
Real estate industry insiders have mixed views on some of the Tax Working Groups recommendations, which are designed to start taxing property investments harder. 21-01-2010 more >>
Press Release:
The Property Investors’ Federation is concerned about the high level of misinformation around taxation of rental property. 20-01-2010 more >>
Residential property investors face a double-whammy under proposals unveiled today by the Tax Working Group which could raise $2 billion from a sector currently costing taxpayers $150 million a year. 20-01-2010 more >>
House prices rose in 11 of the 12 regions throughout the country in December last year. Find out what else is happening in the main areas. 19-01-2010 more >>
The Inland Revenue is sticking with its controversial views on depreciation of residential rental property - but not winning a lot of support. 19-01-2010 more >>
