Wellington Property Investors' Association

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News & Updates

Recent updates

Archive: May 2019

Proposed CGT impacted on housing views in three months to April

The latest ASB Housing Confidence report shows there was an impact on housing views from the proposed capital gains tax,
27-05-2019 more >>

Ministry of Housing & Urban Development takes us through the Healthy Homes Standards

Claire Leadbetter, Manager Tenancy & Rental Housing Quality at Ministry of Housing & Urban Development takes us through the Healthy Homes Standards: The detailed regulations will be finalised in the next few months, and then guidance and tools will be available to help rental property owners and industry professionals meet the new standards. From 1 July 2021, private landlords must ensure that their rental properties comply with the standards within 90 days of any new tenancy. Boarding houses must comply with all of the standards by 1 July 2021. Housing New Zealand and Registered Community Housing Providers have until 1 July 2023 to ensure all their properties comply. All rental properties in New Zealand must meet the Healthy Homes Standards by 1 July 2024.
27-05-2019 more >>

No Capital Gains Tax is welcome news

The Government’s announcement that they are not going to introduce a Capital Gains Tax (GCT) was very welcome. It is disappointing, however, that they are being attacked for their sensible decision.
19-05-2019 more >>

Healthy Homes standards signed off

The final healthy homes standards were announced on 13 May and are now available on the New Zealand Legislation website. The standards set minimum requirements for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties and will be law from 1 July 2019.
13-05-2019 more >>

OCR reduced to 1.5%

The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment and inflation consistent with its policy remit.
08-05-2019 more >>

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