OPINION: Clearly, property investors have some changes coming up.
Have a look at the things the new Government will put on the table: the removal of the ability to offset losses against other income, changes to the Residential Tenancies Act, extension of the bright line rule to five years, the passage of the Healthy Homes Bill and – in time maybe – a capital gains tax.
These will make property investment more difficult and less profitable – they could all have significant impact on those who own rental properties.
JOHN SELKIRK/STUFF
Martin Hawes: ”Rental property ownership is a very uncomfortable position right now.”
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