Listen to a Radio NZ interview with
- David Paterson, Taxation Lawyer, Tax Review Team in 2001
- Andrew King, President APIA, Vice President NZPIF
- Lawrence Murphy, Associate Professor, Head of Department of Property, Auckland University
Archive for March, 2007
Radio NZ discussion on Capital Gains Tax for Property
On March - 30 - 2007
Landlords feeling the pinch
On March - 8 - 2007
From the NZ Herald, by Brian Fallow
House prices have soared while rents have barely moved, leading many to conclude rental property is overvalued. But research by economists challenges that conclusion.
Over the past five years house prices have doubled while rents have risen just 14 per cent.
As a result, rental yields have fallen from nearly 6 per cent to little more than 3 per cent.
Rather than seeing that as evidence of a house price bubble, Westpac economists Dominick Stephens and Brendan O’Donovan argue in a report published yesterday that the fall in yields can be explained by a trend towards lower mortgage rates and the rise in the top income tax rate in 2000. Read the rest of this entry »
