Sunday, 18 February 2018

Govt attack on property speculators tipped to hit ordinary Kiwis

Best Asia Real Estate Editor's Comments: 

It appears that New Zealand is going the same route as Australia and Canada buy trying to curtail speculators buying of real estate which has driven prices through the roof recently.

"This proposal will ensure residential property speculators pay income tax on their gains and makes property speculation less attractive"

Historically whenever the government gets involved in containing real estate prices prices do drop because speculators don't want to have to deal with government regulations.
I have now turned bearish on New Zealand's major cities residential real estate. I expect a downturn of 2 to 5 years.
If you want to find out what markets in the world I am bullish on come to my seminars starting on the 28th or third of March. See details below.Click Here For a Reservation

18 Feb, 2018 3:59pm

The extension of the previous government's bright-line test aims to dampen property speculation and make homes more affordable. Picture / Jason Dorday

NZ Herald -By: Dene Mackenzie

The Government has gone too far with its attempt to dampen property speculation through an extension to the bright-line test, says Dunedin tax expert Scott Mason.

The proposed changes would have unintended consequences if the circumstances of owners changed and had overreaching characteristics, Mason said.

Revenue Minister Stuart Nash announced this week the bright-line test on residential property sales would be extended from two years to five years in legislation currently making its way through Parliament.

The extension of the previous government's bright-line test would help dampen property speculation and make homes more affordable.

The extension to five years meant profits from residential investment properties which were bought and sold within five years would be generally taxable, he said.
"This proposal will ensure residential property speculators pay income tax on their gains and makes property speculation less attractive.

"We need investment which grows the economy and creates jobs, not the sort of investment which distorts the residential housing market."

The measure would bring fairness back into the tax system, Nash said.
Current exemptions would remain, including the exemption for the main home of the owner-occupiers of the residential property.

Polson Higgs tax partner Michael Turner said it was "interesting" to read in the regulatory impact statement the new test might push up rents and house prices, despite what Labour said it was thinking of doing.


Earn 10% to 20% per yr. - Free Bali Real Estate Seminars – Foreign Ownership Laws Clarified – Properties up to 50% off
Are you tired of traditional investments such as banks and bonds that only offer 1-6% per year which do not keep pace with the real inflation. Do you want to become rich the way over 60 % of self-made millionaires did?

Speaker Lawrence, Notaris Wife Azizah and Family at his Bali Paradise Beachfront Estate
According to PT. B.A.L.I., Bali's leading real estate expert for the past 13 years, who have thousands of satisfied clients, this is the “Second best time to purchase Bali Real Estate this century”.

They believe that recent changes in real estate laws for foreigners allowing them to obtain control for more than a normal lifetime and up to 70% bank financing is creating a huge new demand for Indonesian and Bali Real Estate.

Coupled with the fact that Bali Real Estate has just undergone the first correction in modern history with prices down as much as 50 % this has set the stage for *increases of 20% to 100 % the next three to five years.

Free Bali Real Estate Seminars: 

Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali this month.

Bali seminar attendees January 2018

At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 21 yr. Bali resident who is married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.

Then they will also discuss the Past, Present, and Future of Indonesian Bali Real Estate.

Free Seminar Schedule:

Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia. 
  1. Wednesday - Feb. 28 th. 6:30 PM - 7:45 PM
  2. Saturday - March. 3rd. 2:00 PM - 3:15 PM.

Seminar Topics:

At these seminars you will learn about:
  • The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
  • Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases? 
  • Why Indonesian banks will now lend money on Indonesian Real Estate to foreigners, therefore proving leverage and additional huge profits? 
  • How to avoid legal problems and make sure a property is safe. How to avoid complicated real estate laws affecting Indonesians married to foreigners. 
  • Why this is the second best time to buy this century. 
  • Where are the best locations to buy for maximum profits? 
  • What type of properties will offer the best investment potential of *10% to 20 % per year? 
  • Discover how you can sell your property fast for the highest prices and lowest commissions on a brand new web site designed after the largest most successful real estate site in America with high tech search features. 
  • An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 
  • A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000. 
  • Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool. 
  • Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².

Limited Seating: 

Free Parking. Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation

Or Email: or Tel: Office: 62-361- 284069 For Bahasa English 62-8123814014 – Bahasa Indonesia or 62-8123632177

No comments:

Post a Comment

Perth’s popular Beaufort Street strip is battling to survive

Josh Zimmerman and Caitlyn RintoulThe West Australian Sunday, 2 June 2019 2:00AM Astor Arcade owner Bruno Zimmermann.Picture: Ian Munro Pr...