Blog

Focus on possible Capital gains tax

Speculation about what might result from the government’s Tax Working Group has been mostly focused on the prospect of a capital gains tax, which could include income from selling investment property.

LVR easing possible

There is a small chance that another minor easing of loan to value ratio (LVR) deposit restrictions could happen this year, according Tony Alexander, Chief Economist at the Bank of New Zealand.

Celebrating 30 years of top-class service

Quinovic has plenty to celebrate as the company marks its 30th anniversary with a network of 34 franchise branches from Northland to Canterbury.

Property facts & figures

Quinovic arrives at Millwater

Millwater, a new community on Orewa’s southern doorstep, is home to the newest Quinovic residential property management franchise. It’s principal, Craig Harrison is thrilled to be part of this exciting development that is geared up for 3000 properties and about 10,000 residents.

Five-year tax rule coming

Investors holding onto residential properties for less than five years will be paying tax on any profits under an extension to the previous government’s bright-line test that’s expected to pass into law this month.

Housing stocktake ‘sobering’

A stocktake of the country’s housing sector, commissioned by Housing and Urban Development Minister Phil Twyford, and realesaed last month presents a “sobering picture of the devastating impacts of the housing crisis, particularly on children.”

Supply the big issue

A new year that arrived with supply of residential rentals failing to meet demand, especially in Wellington, has commentators pointing to government plans to reform the housing market. In the last month of 2017 Trade Me Property’s Rental Index showed the number of rentals available nationwide was 49% down on December 2016 with the biggest drop of 70% hitting Wellington, which is home to about 30,000 tertiary students.

Year of the Yield

The Property Investors Federation has declared 2018 “the year of the yield” with savvy investors already looking for potential opportunities, maximising their current portfolio and expecting rents to rise.

New government, new rules

In a flurry of activity since the Labour-Greens-NZ First coalition became government, property investors have seen new healthy homes legislation passed, the announcement of a tax working group and the introduction of an amendment to the Overseas Investment Act (OIA) barring foreign buyers from purchasing existing homes.

Chrissy mixes business and volunteering

As Much as Chrissy Edmunds loves her work as Quinovic Thorndon franchisee with her husband Kevin, she’s also often to be seen out collecting donations for a variety of important organisation., And on a beautiful Wellington November day she was joined by Prime Minister Jacinda Ardern at the annual Mary Potter Hospice strawberry sundae fundraiser.

Anderson Re-visited – Fair Play for Landlords

Quinovic Kapiti-Mana Principal Bernard Parker LLB casts his lawyer’s eye over a recent District Court case about a compliance technicality that overturned a Tenancy Tribunal decision and gives heart to landlords. Nevertheless, he says all property owners should make themselves aware of their properties’ compliance status, especially when purchasing.