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Property
8 mins to read

Hope on the horizon for squeezed landlords

A how-to guide for investors navigating the return to pre-Labour rental property settings.

Reinstating mortgage deductibility may be 'the difference between survival and failure': expert.

Maria Slade Fri, 12 Jan 2024
Key points
  • What's at stake: Residential property investors are breathing a sigh of relief that the coalition Government is bringing back interest deductibility and other landlord-friendly policies.
  • Background: Investors' share of the housing market dived after the previous Labour Government introduced the non-deductibility rule, and together with high interest rates it's meant many are teetering on the edge.
  • Key players: National/ACT/NZ First coalition; property investors; Ed McKnight, Opes; Nichole Lewis; Matthew Harris, Lighthouse Financial Services.

Many a residential property investor will be breathing a sigh of relief these Christmas holidays as the new coalition Government’s more landlord-friendly policies bed in.

Restoring the deductibility of mortgage interest costs, bringing the bright line test back down to two years, and reinstating

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Contact the Writer: maria@nbr.co.nz
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Key points
  • What's at stake: Residential property investors are breathing a sigh of relief that the coalition Government is bringing back interest deductibility and other landlord-friendly policies.
  • Background: Investors' share of the housing market dived after the previous Labour Government introduced the non-deductibility rule, and together with high interest rates it's meant many are teetering on the edge.
  • Key players: National/ACT/NZ First coalition; property investors; Ed McKnight, Opes; Nichole Lewis; Matthew Harris, Lighthouse Financial Services.
Hope on the horizon for squeezed landlords
Property,
102233