Browsing: Rental

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Interest deductibility changes kick in for landlords on 1 October, the Government has announced, going against Inland Revenue’s advice and ignoring recommendations from property industry leaders The Government has confirmed its proposal to limit the availability of deductions for interest expenses incurred by residential property investors from 1 October, phasing them out over the four years. Continue →
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Recent events are clearly starting to take a toll on property rents in areas like Queenstown, yet other parts of the country are still seeing strong rental increases, says Core Logic Senior Research Analyst Kelvin Davidson The rental side of the property market has been in the news quite a bit over the past 1-2 weeks, especially Queenstown, where rents have clearly begun to fall.  Continue →
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Greens ecstatic over new residential tenancies law, Real Estate Institute sees unintended consequences The Residential Tenancies Amendment Bill passed its second & third readings in Parliament on Tuesday, updating the 1986 Residential Tenancies Act as Parliament rose for the election next month. Continue →
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In the coming months, there are likely to be some ‘bargains’ on offer for property investors, although a slowdown in value growth may well mean more emphasis on a property’s rental yield, says CoreLogic Senior Research Analyst Kelvin Davidson Heading into alert level four lockdown, momentum for both property values and rents across the country was pretty strong (see the first chart), and investors had been taking a higher share of purchases – partly due to solid property returns themselves, but also falling returns on other assets (e.g. Continue →