53
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Sep 2023
53 points (98.2% liked)
Aotearoa / New Zealand
2243 readers
33 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom ~ Alternate frontends ~ Donate
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 3 years ago
MODERATORS
The current rules allow tax deduction of interest for new builds, but not existing houses. It has pushed a lot of investors into buying new build rentals, which I think is a great middle ground that increases demand for new builds while reducing demand for other houses.
That's actually a great idea, especially since the supply of new build properties can be increased to meet demand.
If National intend to keep the rules this way, it actually sounds like a good policy.
They don't intend to keep it this way. Their stated policy is to reinstate full interest deductability for rental properties.
National isn't going to keep this policy. Their intent is to raise house prices.