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Tax reforms to put brakes on house prices - experts
The dream of first home ownership will be made easier by Prime Minister John Key's likely tax reforms, economists said today.
The dream of first home ownership will be made easier by Prime Minister John Key's likely tax reforms, economists said today.
The status quo for property investors cannot be sustained, Tax Working Group member John Shewan says.
The vice-president of the Property Investors Federation is relieved that most housing tax options were ruled out in Prime Minister John Key's speech yesterday, but he is wary of what is to come.
John Key is expected to target tax breaks for landlords in his first parliamentary speech of the year setting out the Government's plans.
The usual January jump in property sales has not happened and potential tax changes could be to blame.
New Zealand's most expensive home the $30 million "Chrisco" mansion is understood to have finally sold.
There is still 18 months to go - but sharp homeowners are already queuing up to rent out their properties during the Rugby World Cup.
As the vitriol builds against property investors it's becoming increasingly clear that there will be many innocent bystanders injured by the mooted changes to tax law.
The Auckland housing market slowed sharply in January with house prices and sales both well down.
The NZ property market continues to be 'dormant', according to a monthly real estate industry report.
Mark Keating suggests a way to ensure low-income earners are not losers in tax changes.
Aucklanders would be hammered by a proposed land tax, with households facing an annual bill running into thousands of dollars.