Property
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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...

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