Wake Up Call: Here comes housing affordability?

Details of an extension to the brightline test and tax changes for investors are expected. (Image: Deposit Photos)

Tue, 28 Sep 2021

Summary The government is to unveil details on new housing policy and ACC rules today. Auckland has announced a major midtown regeneration project that will link projects around the new Aotea rail station.Housing details New details on how the government’s new housing policy will work are unveiled today, just in time to come into force on October 1. The housing package is built around an extension to the brightline test and removing investors’ interest deduction on mortgages. Details will include a definition of what constitute...

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