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House prices set to drop with tax

Friday 18th December

Hi

This week has been another tax-focused one, with Westpac crunching numbers on how much house prices will drop if certain tax initiatives are introduced.

Some of the options are a scary prospect for investors, as the bank’s economists also predict investment will become less attractive and home ownership goes up.

This is the last newsletter of 2009 and what a year it has been.

We look forward to providing you with the latest news in 2010, which is shaping up to be an interesting year in terms of its unpredictability for the housing market.

Merry Christmas and safe holidays.

Warm regards
The Landlord


Latest News

Housing market plateauing
The residential property market is showing signs of plateauing, following the momentum seen over the past two months, according to the latest Mike Pero Mortgages/Infometrics Property Cycle Indicator. View More

Tax changes will affect house prices
If the top rate of income tax is lowered house prices will fall 14%, along with the number of willing landlords, Westpac predicts. View More

House prices creep up a little more
The momentum driving the housing market in the last few months showed signs of ebbing, according to the latest crop of statistics. View More

Investing made easy: Finding alternatives
Sonia Speedy looks into why spreading your risk by investing in other types of investments isn't such a bad idea View More

Mortgage Rates

Kiwibank has made significant movements raising its one-year, 18-month and two-year fixed rates by between 10 and 30 points.

Its 18-month rate went up 10 points to 6.39%, its two-year rate increased 25 points to 7.20% and its one-year rate jumped 30 points to 6.25%, which is now higher than most of the rates from the major banks for the same term. View more


L A T E S T   H O T   L I S T I N G S

2 x 1 Bedroom Apts-Guaranteed Gross Return of 13%

Auckland CBD: $185,000
2 x 1 bedroom apartments on 1 title with guaranteed income of $24000 per annum ($500 x 48 weeks) for 7 years with a right of renewal for a further 10 years.

That's 17 YEARS of guaranteed income at 13% gross return! Body corp, Management fees, Electricity etc =$5447 per annum.
[More]

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Inspiring Renovating Ideas
15 Amazing Property Transformations from Hotspace.

If you’re planning to renovate your property soon then these transformations in this booklet will inspire you.
View More




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NZ Property Investor

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