I just wonder too Moosie how many will be exposed to taxation that they are not necessarily aware of and how much the IRD are watching the bubble formation right now also. Inc foreign investors whom may have assumed that there is not any capital gain treatment here.
Anyone buying now and selling out quick within 12 months may very well find the IRD man on their tails.
http://www.ird.govt.nz/property/prop...comes-dealing/
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