Be the 1st to hear about new developments

Assured Property Investments Assured Property Investments
  1. Current Listings
  2. Past Developments
  3. News & Guides
  4. Customer Stories
  5. Community Involvement
  6. The Property Development Club
  7. About Us
  8. Contact
07 823 2525
Author John Kenel25 March 202103 Mar 2021

Economy

Hamilton eyes Government’s housing cash

The Waikato Times published an article yesterday with a couple of comments from me. The article mentioned that with the Government’s housing plan announcement, Hamilton leaders are keen to get a piece of the $3.8 billion infrastructure fund to assist with the growth plans that they have ready to action.

More importantly it draws attention to how investors and landlords have been targeted with the change to the bright-line test (effectively a very harsh form of capital gains tax on investment property) as well as the full removal of interest deductibility from investment properties.

In Australia, for example, only half the capital gain on an investment property is taxed if it had been held for at least 12 months. In NZ there is no allowance for inflation or any form of scaling for long term holds.

Removal of tax deductibility. This is an unfair policy espeecially with the government suggesting that the ability to deduct interest from gross income in calculating the owner’s tax liability is a “loophole”. It is simply standard practice, a deduction open to any business.

These new taxes are a blatant attack on New Zealand’s middle class and make it harder for people to build financial security. This government seems focussed on removing private individuals from the housing market due to some weird ideology. They want government, social housing providers and big business to own rentals – but not private landlords. While they are busy dreaming up new taxes for private Kiwi landlords they talk about attracting large corporate landlords from offshore to buy or build housing. Why? My best guess is it’s about control.

This may deter some private landlords for now, but for those who are in it for the long game, like I am, I think the market will adapt in time. Rents will rise, some landlords will sell up, new landlords will enter the market. Until there is a viable, safe alternative investment for long term wealth creation, people will continue to invest in residential property.

Source: Waikato Times

John Kenel
CEO

#assuredproperty #housing #rentals #propertyinvestment

Author John Kenel25 March 202103 Mar 2021
  • Facebook
  • Twitter
  • #buying
  • #development-progress
  • #economy
  • #expert-opinion
  • #finances
  • #house prices
  • #housing
  • #housing market
  • #interest rates
  • #mortgage
  • #property
  • #property-investors
  • #regulations
  • #tax
  • #tenancy
  • #tenants

More news

Author John Kenel15 May 2025

88 Billion in new Taxes from the Greens

Let’s break that down. There are around 5 million people in New...

Read more

Author John Kenel15 May 202505 May 2025

Building Pulse Podcast – Part 2 of 2

Innovation Is Possible - If We Let It Happen After laying out...

Read more

Author John Kenel13 May 202505 May 2025

BuildingBuilding Pulse Podcast – Part 1 of 2

With over 20 years in property development and over 1,000 homes delivered,...

Read more

Featured properties

Home

sold

3 bedroom duplex

Brand new quality homes

Bedrooms 3
Bathrooms 1
Garage Single1 garage

Townhouse

sold

2 & 3 bed townhouses

City Living on River Ridge, Hamilton

Bedrooms 3
Bathrooms 2
Garage Single1 garage

Townhouse

sold

2, 3 & 4 Bedroom Townhouses

Townhouses on Te Rapa

Bedrooms 3
Bathrooms 3
Carparks 2

Assured Newsletter

Be first to know about
new developments

free

new

The Hamilton Property Guide

2024 issue edited by John Kenel, Assured Property

View here
  • Home
  • Current Listings
  • Past Developments
  • News & Guides
  • Customer Stories
  • Community Involvement
  • About Us
  • Contact
  • Privacy Policy
  • Facebook
  • Twitter
  • LinkedIn

Visit

63a Alpha Street, Cambridge
Monday - Friday (9am - 5pm)

Contact

info@assuredproperty.co.nz 07 823 2525

© 2025 Assured Property Investments. 

Site by Brontë + Benek