Blog

Selling? Beware LVR pitfalls

Reserve Bank loan to value ratio (LVR) rules can provide an unwelcome surprise for investors selling one or more properties from their investment portfolios.

Quinovic in Palmerston North

Quinovic is pleased to welcome Palmerston North as the latest addition to our residential property management network that delivers exceptional service around New Zealand.

Beware the bright line

The Inland Revenue Department has warned owners who try to avoid the new five-year residential property sales bright-line tax test that they do so at their peril.

Letting fees ban likely

A parliamentary committee considering submissions on the Government’s proposal to prohibit the charging of letting fees for residential rentals has an October deadline to report back to Parliament. If the Bill becomes law, it is expected to take effect three months after it passes.

Hawkes Bay investor heads NZPIF

Hawkes Bay investor Sharon Cullwick is the New Zealand Property Investors Federation’s (NZPIF) new president and the first woman to fill the role. She has been a property investor for 20 years and owns property throughout the North Island.

Winter maintenance tips

It may be June already but it’s not too late to enure your investment property is in good shape to protect your tenants from the worst of winter damp and chills. Here are some property maintenance essentials to check asap, if you haven’t already done so:

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.