House profits dropping and some owners in negative equity

More houses sold at a loss for the second quarter in a row, CoreLogic’s latest Pain & Gain report shows.

Rent freeze suggested to private landlords’ surprise

The Human Rights Commission wants an immediate freeze on rent increases and an increase in the accommodation supplement because of the cost-of-living crisis.

Boom in construction to fade over next few years

Building work across the country is expected to  steadily drop from a high of $50.9 billion last year to $41.7 billion in five years’ time.

Tax exemption discriminates against ordinary landlords

Giving build-to-rent developers an exemption from the Government’s tax rules removing interest costs as a tax deduction discriminates against ‘mum and dad’ investors, says the Property Investors Federation.

House prices have further to fall

The first annual fall in REINZ’s House Price Index in 11 years might seem a shock, but it means house prices have only fallen to levels seen in May last year, says Kiwibank’s economics team.

Property market slump deepens

Residential sales dropped 36.7% last month to 4,678 from 7,391 in July last year — the lowest for the month since 2010.

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