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Insight on Labour's New Policies Relating to Housing and Property Investment

Comment and Analysis from Real Estate Investar and Verdi Plus on the recent election result.

Labour has already set out an initial plan for its first 100 days in government.

Its policies on housing include:

  • Banning foreign speculators from buying existing New Zealand homes.  This policy aims to remove from the market foreign speculators who could potentially push prices out of reach of first home buyers.  However, Austraian investors are to be exempt from this ruling.
  • Tax property speculators who flick houses within five years. This will target speculators who buy houses with the aim of making a quick capital gain. 
  • Speculators will no longer be able to use tax losses on their rental properties to offset their tax on other income, which could potentially give them an unfair advantage over people looking to buy their first home.

Useful Links

To learn more, please watch the quick video, which has been kindly provided by Tracey Munns, CEO of Verdi Plus.

We partner with Verdi Plus, who can help you with money management, debt reduction, loan applications, mortgage maintenance, wealth planning, and more.

 

Navigate the new economic landscape

You can also complete the form to register for a free, no obligation consultation with John Lodge, our Senior Property Strategist.

Our goal is to understand what you want to achieve through property investing and which type of property would suit your portfolio.

We can help you navigate through the new economic landscape and ensure you continue to successfully invest in property.

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