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As we move closer to the implementation of the Auckland Unitary Plan, it appears Auckland Council may have to make adjustments to the proposed rules as a result of analysis and community feedback. One of the main issues Council will have to address is..
Read ArticleThe new LVR rules, combined with Auckland's lack of affordability, are pushing money out of Auckland and into the regions. This ripple effect is highly predictable, given that Auckland is cycling ahead of the rest of the country (followed closely by Canterbury), as evidenced by..
Read ArticleThe recent Australian Budget announcements include a significant rule change which will affect any New Zealanders whom hold property investments in Australia. Specifically, the 50% discount which was available when calculating capital gains tax on property that has been held for more than 12 months..
Read ArticleI wrote the following article for the August/September 2015 issue of REINZ Magazine, which was sent to all real estate agents within New Zealand. Our Professional Trustee is in demand! AVOIDING A TRAIN WRECK In the effort of getting a vendor to list a property..
Read ArticleThere are imminent changes to the bright-line test which will affect you if you are planning to buy or restructure investment property. You are probably already familiar with the two-year bright-line test that was introduced in October 2015. Under this test, investment property that is..
Read ArticleWith a cooler Auckland property market, what should buyers and sellers be doing to maximise their chances of success? Sellers obviously want to get the highest price possible, while buyers (especially investors who are focused on the numbers) want the opposite. Funnily enough, auctions can..
Read ArticleMost people are aware that from 1 October 2015, residential property (with some exceptions) that is bought and sold within a two-year period will attract tax payable on capital gains made. This rule will apply to equally to individuals, companies and trusts. If a property..
Read ArticleOne common theme that seems to be on the 'up' this year, is two or more investors coming together to buy property through small private partnerships, LTCs or joint ventures. Common examples include: Family members buying an asset from the deceased estate of a relative Family members..
Read ArticleI was recently asked whether there was an upper limit to the ratio between property price and household income, which in Auckland currently sits at about 10 to 1. In other words, the average property price is worth 10 times the average annual income. Also..
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