November 2017's Property Gazette

Should we expect property changes from Labour?

The new Labour, Greens and New Zealand First government is up and running. Should we be worried about the changes they will implement regarding property? Or will the changes go in our favour?

Since taking office, the new government has already laid out some policy changes around property, including:

• Restricting ownership to foreign buyers
• Not introducing a capital gains tax to land or building of the family home
• Fast tracking of the Healthy Homes Guarantee Bill
• Removal of negative gearing
• Extension to five years of the bright line test
• Changes to rental property agreements, geared at helping tenants, not landlords

So far property statistics have shown both buyers are sellers are not too concerned with the policy changes. Sales for October were only slightly down and while house prices have dropped in some areas, there is currently not enough information to predict what will happen.

If you’re concerned regarding your home or proposed purchase, come and talk with us. We’ll discuss with you any potential issues you’ll need to be aware of and tailor a plan which will suit your circumstances perfectly!

Vodafone is Changing! Have You Updated Us?

If you currently have a Vodafone run email address, it’s going to change. This is because they are no longer supporting their email service from 30 November 2017 due to ongoing issues with it. If you have one of these email addresses, please tell us your new address so you can continue to hear from us:

• vodafone.co.nz
• vodafone.net.nz
• ihug.co.nz
• wave.co.nz
• quik.co.nz
• pcconnect.co.nz
• paradise.net.nz
• clear.net.nz
• es.co.nz

In the build up to Christmas, things can get hectic! At Advanced Mortgage Solutions, things are humming along, but we still have time for you! Drop in to see us – we’d love to chat with you over a cuppa!