Most of our main data measures are effectively tracking sideways at the moment. So with ‘nothing to see here’, it’s given me time to delve into the hot topics currently circulating the property market. The way I see it, there are three ’bigger picture’ influences on the property market that deserve attention: what’s happening in construction, what’s going on with interest rates and what’s going on in the economy.
Watch the CoreLogic Monthly Property & Economic Update for August 2018
Although it’s not law yet, the tax ring-fence for rental property losses is likely to be approved and, when that happens, will apply to the current tax year (which has of course already started). But there are reasons to doubt that it will dramatically change the rental property landscape.
Plenty to talk about this month, with the key influencers Government and RBNZ making a few big calls. Wondering about the Capital Gains Tax, Official Cash Rate and Foreign Buyer Ban? We look at the market impact of all.