No denying now, that tax changes on owning Investment Residential Real Estate in New Zealand are in the short term, not going to be for the better....for anyone.
Actually thats not true: What do you think of this scenario?
Being a landlord becomes less attractive ( I assume you know what the budget will do, if not a few "comments" here & I will explain.)
The worst properties get dumped on the market. I can tell you, in Wellington these really are very good location, very bad condition 100 year old houses.
Prices fall.
who buys them? Young first owners wont get funding. & they are high income hard workers...not the old Kiwi "do up a house instead of have a life shopping in Sydney" The buyers with money wond buy dumps. Some of this investment stock really is in terrible condition.
Da Da Da Da!..... Return of the Doer Upper, flick on, make a buck, hard worker!
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