Property
How the housing package will tank property investors' returns
A property manager says the government’s latest housing reforms are a thinly veiled discrimination tax which could be the death knell for the Labour government.David Faulkner, a director and consultant with Wellington based property manager RealIQ, said the removal of mortgage interest tax deductibility and extending the brightline test prioritises first home buyers largely at the expense of renters.“It will also be the kiss of death for smaller property management firms and, I think, probably also for the chances of another Labour...
Login to read
Try free for 10 days
Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.
- Instant News Alerts based on keywords you choose or journalists you follow
- Our Daily Digest of all stories at 6am, midday or 6pm
- A custom library of your saved stories
- An industry-leading search engine
- Try for 10 days without paying and if you’re not convinced cancel with just two clicks.
Support quality New Zealand journalism by subscribing today.
Find out moreUse the information you’ve already given Google to create your subscription.
Not convinced yet?
Subscribe to our Daily News Update free newsletter.