Capital Gains Tax has been a subject of news in recent weeks with the Tax Working Group's having now delivered their final report which is widely expected it will recommend a broad and comprehensive capital gains tax, with few if any concessions or exemptions - other than, when selling the family home. It will be interesting to see what happens here but the government are set to keep the decision under wraps until a public release on February 21 and formal response to the proposals from the Government won't be released until April. Many investors are opposed ... What will this mean in reality?
The number of sales in October was the highest number of sales for a month of October in two years. There was certainly less sales in September, and due to the increase in listings that came to the market for spring - the October’s sales were much stronger than September’s. There was a lift in October’s sales which we believe (like Bindi Norwell - Chief Executive REINZ) ... was attributable to the spring lift rather than a rush of foreign buyers looking to get in ahead of the ban
Kiwibank economists say the latest house sales figures show a "well behaved" housing market and there is now "every possibility" that the Reserve Bank sees current conditions as allowing a loosening of bank lending limits.
We are always interested to read Tony Alexander's (Chief Economist - BNZ Bank) weekly overview ... he suggests that
borrowers look likely to enjoy an environment of low interest rates for a number of years yet, especially as downside risks to world growth start to grow stronger. He suggests if he were borrowing at the moment he would remain inclined to fix most of his debt for two years ... Perhaps, some fixed for three years, but would not fix longer than that. Read the full overview
We are excited, proud and honoured to be awared the Most Trusted Brand again this year, for the 6th year consecutively. We have some exciting things happening in the future; to ensure Harcourts is living up to this goal of offering clients a premium service, the company will, in 2018, launch a client experience project. This will allow every customer the opportunity to rate their experience with our company and our people, in a transparent way that can be measured. It’s an exciting innovation which will allow Harcourts to continue to grow our people and constantly evolve our service to clients.
Buying a house is the one of the biggest financial decisions you'll make. With a massive amount of information at your finger tips, here are 3 tips to guide you in the right direction ... if you need professionals - F&P can help you find a specialist.
As part of the 10-year plan Queenstown council will look to make improvements to the Queenstown Gardens by adding new lighting, new public toilets, a new vehicle entrance and improving the pathways. There are, however concerns that big events could be held there.
With other banks offering great deals on their home loans - ANZ have followed but decided to go one better .... It is reducing its one year fixed rate 'special' by -10 bps, taking the rate down to 4.25%. That makes it the lowest one year carded offer from any bank other than the 4.19% offer by HSBC Premier. This deal is only available until April 30, 2018. Of course there is some conditions ... As a 'special', it requires at least 20% equity in the property, and customers need to have an ANZ transactional account with salary direct credited. Plus new home loan customers need to commit to one other ANZ 'product'.
There has been good activity in the market in the first part of this year ... the banks are offer some special offers to those that meet the criteria.
New Zealand Real Estate group Harcourts, has been selected from a world-wide category to be the first real estate company to be featured across Apple’s global web network with a case study showing how they have used Apple’s iOS technology to transform their business.
F&P work with some great systems via Apple Product. For example ...next time you are at an Open Home - you may notice us using an Ipad to register people that have attended the Open Home. Harcourts uses some great technology to help our buyers and sellers acheive their property goals. Ask F&P how they can help you.
The sign off to proceed to a detailed plan to upgrade Queenstown Town Centre was unanimously approved. Queenstown will look to spend $385 million - with a plan to construct a $41.5 m council building.