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17-04-2019, 12:29 PM
#7591
Originally Posted by Bjauck
Home ownership rates have been falling. If investors move out of the market then pent-up demand from first home buyers and other owner-occupiers wishing to trade up may take-over.
With the recent boom in prices, it is easy to forget that, as well as first home buyers, many owner occupiers have been priced out of being able to trade-up the property ladder.
be less houses for sale to first home buyers as people hold on to them for longer. unless the govt builds cheap sh.t
one step ahead of the herd
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17-04-2019, 01:15 PM
#7592
Originally Posted by bull....
be less houses for sale to first home buyers as people hold on to them for longer. unless the govt builds cheap sh.t
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.
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17-04-2019, 01:19 PM
#7593
Originally Posted by Timesurfer
Not sure you will see a great impact. The ones most likely to think twice are traders, investors may just decide they need to buy more houses to cover for the hit to their retirement fund.
That is possible or maybe they will think it more worthwhile to diversify their retirement fund into other investments such as KiwiSaver and equities.
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17-04-2019, 01:23 PM
#7594
Originally Posted by Bjauck
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.
your right probably be a certain number of people rush to beat a tax , probably depress prices in the short term at least
one step ahead of the herd
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17-04-2019, 02:10 PM
#7595
No CGT!
Much ado about nothing.
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17-04-2019, 02:14 PM
#7596
Originally Posted by macduffy
No CGT!
Much ado about nothing.
lol except the people who got paid they are very happy
one step ahead of the herd
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17-04-2019, 02:15 PM
#7597
Originally Posted by macduffy
No CGT!
Much ado about nothing.
Even Couts with his ‘very weak cup of tea’ prognosis was wrong
Lot of brain power wasted on this thread ...maybe another time
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-04-2019, 02:16 PM
#7598
Originally Posted by macduffy
No CGT!
Much ado about nothing.
Based on recent discussion THIS IS GOOD NEWS FOR SUM
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-04-2019, 02:28 PM
#7599
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
Last edited by bull....; 17-04-2019 at 02:35 PM.
one step ahead of the herd
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17-04-2019, 02:52 PM
#7600
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.
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