Should you buy or rent a house right now?

July 22, 2008

News — Tags: , — admin

 Buying a house is now almost two and a half times as expensive as renting, according to figures to be presented at a seminar today.

Property Investors Federation vice-president Andrew King says a 25-year mortgage for 90 per cent of the cost of the country’s median-priced house, worth $345,000 last month, would currently cost a new home-buyer $745 a week, including rates, maintenance, insurance and an allowance for other costs.

By contrast, the national median rent last month was only $305 a week. (more…)

Capital gains tax lifts its ugly head

July 11, 2008

News — Tags: , , — admin

There is no capital gains tax in New Zealand – but it seems that nobody has told the Government.

Tax rules tabled in Parliament recently will affect many property investors and, once enacted, will widen the net that taxes capital gains on the sale of rental properties in some circumstances. Are capital gains from properties taxable? (more…)


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