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: Does the building consent process need to change?
We definitely need homes that are fit to live in but there are often frustrations when it comes to getting consent to modify your own home.
Do you think changes need made to the current process for building consent? Share your thoughts below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
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91.3% Yes
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8.2% No
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0.5% Other - I'll share below!
Lest we forget...
On this ANZAC Day, let's take a moment to remember and honor the brave men and women who have served and continue to serve our country.
Tell us who are you honouring today. Whether it's a story from the battlefield or a memory of a family member who fought in the war, we'd love you to share your stories below.
Become a Red Cross Refugee Support Volunteer and make a difference!
Become a Red Cross Refugee Support Volunteer and make a difference!
We are looking for people like YOU to welcome and support new former refugee families and individuals arriving and joining our Palmerston North community.
We recognise that our volunteers have different lifestyles and different time commitments. With that in mind we hold regular training courses, face-to-face and online, throughout the year.
Choice of weekday or weekend training in May:
Weekend: Saturday 11 & Saturday 25 May
Weekday: Wednesday 15 & Thursday 16 May
For more information please contact:
Email: manawatu@redcross.org.nz
Phone: 0800 733 27677
Text: 027 326 2709
Website: redcross.org.nz/get-involved
Thank you
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