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Investors appear to have hit pause on new purchases as they come to terms with the Government’s housing shake-up. Last week the Government announced that it was extending the bright line test on investment purchases to 10 years and changing the tax rules around interest costs. Tom Rawson, director of Ray White Manukau, in South Auckland, where investors have been highly active in the ...
Wealthy buyers are splashing out on luxury and lifestyle homes while overseas trips remain beyond reach, real estate agents say. While first homebuyers and investors are heating up the lower end of the real estate market, agents are also reporting emerging demand for high-quality residences and holiday homes with extra features. “We’re seeing people who typically would have been t...
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