We are pleased to bring you the latest updates on the recent property tax changes that have been passed into law. The main tax changes are; Interest deductibility for residential property Returning the bright-line test to two years Removal of depreciation for commercial buildings. Interest deductibility of residential investment properties is to be phased in […]
The government restores interest deductibility on investment properties Updates on tax reform have been announced, with Associate Finance Minister David Seymour announcing that the government will reinstate deductibility for mortgage interest on residential investment properties. The government will phase in interest deductibility on mortgage interest paid on residential investment properties. Landlords will be able to […]
Click here to see the full article from OneRoof here. ‘Broke $9m’: Christchurch house price record smashed for second time in a matter of weeks Christchurch’s house price record has tumbled for the second time in less than a month, after a large property on the hillside suburb of Scarborough sold off-market for more than $9 […]
There is no such thing in the Residential Tenancies Act (RTA) as a month-by-month tenancy, however, we are sometimes asked to give a tenant a months’ notice, so let’s clear this up. The closest thing to a month-by-month tenancy is a short fixed-term tenancy. However, if a short fixed-term tenancy exceeds 90 days, it is […]
End of Financial Year Tips for NZ Landlords Published on: 20 Feb, 2024 As the end of a financial year approaches, landlords have an opportunity to assess their property investments and make strategic changes to optimise returns. Proactively reviewing finances, scrutinising deductible expenses, reviewing and adjusting rent, and assessing insurance cover, can help landlords […]
What you need to know when putting your rental on the market for sale Published on: 22 Jan, 2024 Source: Harcourts.net Section 47 of the Residential Tenancies Act 1986 (RTA) states that if at any time after entering into a tenancy agreement, the landlord puts the premises on the market for the purposes of […]
Jo Abel, Harcourts Christchurch/South Island Regional Manager, shares her latest view on the property market in Christchurch. The Christchurch market carried on its steady form throughout October 2023. Days on market held constant at 29 days. A good sign of the continued demand from confidant buyers, which has lent itself to increasing Auction success with […]
While the All Blacks were putting in the hard work, we threw our weight behind the I Am Hope Foundation and Gumboot Friday with our very own ‘The Great Gumboot Friday Gala Auction.’ Our incredible community came to the party, donating prizes and bidding up a storm! We are humbled to announce that we raised […]
Join us for an unforgettable evening at The Great Gumboot Friday Gala Auction by Harcourts Holmwood! Providing free access to counselling for children in need is a cause we are incredibly passionate about at Harcourts Holmwood. This year, we are throwing all our effort behind raising as much as we can to support the mental […]
Residential property managers in New Zealand manage approximately 42% of all the residential tenancy market. The Residential Property Managers Bill (the Bill) establishes a regulatory regime that is designed to improve residential property management services throughout New Zealand. Harcourts are delighted to advise that this Bill has now passed its first reading and has been […]
