be less houses for sale to first home buyers as people hold on to them for longer. unless the govt builds cheap sh.t
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In such a scenario:
In the short term even if there is a drop in the number of non-new properties on the market as a result of investors holding on to their properties (which may not happen as many may sell sooner rather than later, depending on initial price movements) that could well be balanced out by fewer new investors entering the market.
In the long term fewer investors in the market may mean more opportunity for owner-occupiers.
No CGT!
Much ado about nothing.
oh no they might move on occupation rights still
But Ardern said the Government was looking at other areas where it could move to make the tax system fairer.
https://www.nzherald.co.nz/nz/news/a...ectid=12223212
think i mentioned way back on the thread they were already doing work on lease arrangements also they are looking at changing home office deductions now to , my friend tells me
They'll do some tinkering, possibly look at a land tax on undeveloped residential land to prevent land-banking, possibly a few other things. The TWG report made about 100 recommendations, so expect some of them to come through.