Yields in New Zealand’s commercial property sector remain some of the highest in the world – even though the sector is now stabilising.
Around 11,000 people a year could be prevented from buying properties if the Reserve Bank was to deploy debt-to-income ratios (DTI), the Bank has estimated.
Life is busy and it’s easy to miss some of the stories that hit the news. So here’s a brief rundown of some of the stories that might have slipped by you this week…
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Wellington City Council wants developers to work with them to convert inner city buildings into apartments.
Auckland Council needs to consider new ways of funding infrastructure development in order to better.
Housing policy looks set to be a determining factor in September’s election, according to a new Property.
The total number of properties on the Auckland market is up by 40% on this time last year, the latest.
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Australian tax considerations
A question on Australian CG Tax. I am looking to sell a property in Australia. Is the tax payable to the ATO claimable as an expense in your New Zealand tax return? I do file here,but I am not sure how selling an Aussie property is handled here.
Our expert Nick Ashford responds
Damage claim confusion
My previous tenant caused lots of damage to my rental property. I took the case to the Tenancy Tribunal and an adjudicator ruled the tenant didn t need to pay a cent for the careless damage he caused as I have insurance covering the property. (This was based on the Holler v Osaki ruling). But when I made a claim to.
Our expert Myles Noble responds
My first property buying experience (with two other people) ended badly and resulted in a mortgagee sale. After years of paying off debt I managed to save and use my KiwiSaver to buy a very run down two bedroom cottage five years ago. I worked hard to do it up and rented it out after I met my now husband. This was because.
Our expert Kris Pedersen responds
See also: Residental Dwelling Sales statistics