Housing Policy
An interesting time for our market today with the announcement of the extension to the current Bright Line rule of 5 years to 10 years. To be fair, most people saw this coming and certainly if you are a true investor and in it for the long term, this certainly isn't going to have a dramatic effect on your current situation.
The First Home Grant cap which most buyers in our area have not been able to use for quite some time now due to the rapid increase in house prices has also been adjusted from $400,000 for our area to now $500,000. I will just add that the Manawatu/Wanganui Median house price for February 2021 was at $545,000 so I will let you do the math's on that one.
What perhaps we didn't see coming was the removal of interest deductibility from investment property mortgages. This certainly won't be sitting nicely with Investors across the country as some Landlords now claim the interest as an expense as this reduces the amount of tax they pay.
What do you think of the housing policy changes released today?
A full run down of all changes and dates of these new legislations can be found here:
www.interest.co.nz...
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.5% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47.1% Against. I want to deal with people.
Kiwisaver Changes
Has your accountant told you about recent changes to KiwiSaver contribution rates and how they may affect wages and payroll calculations?
These updates can have flow-on effects for both employers and employees, and understanding them early helps avoid surprises.
Many business owners rely on their accountant not just for compliance, but for timely communication and practical guidance when changes occur.
If you haven’t had this explained clearly, Check out www.stephenlarsenandco.co.nz...
Wanted: Older Female Rabbit to Adopt
I'm looking for an older female rabbit to adopt as a companion for my desexed male Arlo.
He is sweet but a little bit bossy so an ideal companion would be gentle and happy to let him wear the pants, so to speak.
Once bonded they would live their best rabbit lives sharing a large insulated hutch in a 20m x 3m outside enclosure on a lovely peaceful farm in Ashhurst.
His female companion recently passed away and he is really missing having the company of another rabbit.
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