In this video, we have a look at the latest announcements made on Tuesday, by Prime Minister Jacinda Ardern where she revealed a number of proposals intended to “tilt the balance” in the property market back towards first-home buyers.

Among them is an extension of the bright-line test to 10 years, and the removal of investors’ ability to offset their home loan interest payments against rent received, which reduces their tax bills.

https://www.stuff.co.nz/nation....al/politics/30025937

Another big change for investors is the full removal of interest deductibility from investment properties. This means investors can’t offset the cost of the interest they pay on their mortgage against their tax bill.

https://www.stuff.co.nz/busine....ss/property/30026232

Restrictions on loan-to-value ratios (LVRs) are temporary limits on banks to reduce the amount of low-deposit mortgage lending. Prudent lending standards are important for the long-term health of the banking system and the economy.
https://www.rbnz.govt.nz/educa....tion/at-a-glance-ser

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Table of Contents

00:00 Introduction
00:50 capital gains tax now 10 years
01:50 example of the new bright-line test
03:35 Full removal of interest deductibility from investment properties
05:30 New LVR Restrictions
07:20 Conclusion





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Disclaimer: I’m not a financial advisor. The information contained in this video is for educational and entertainment purposes only. Any recommendations shown during the video should not be considered financial advice and you should consult a licensed financial advisor before making any investment decisions. Books I have read and highly recommend, if you are just starting out on your investing journey I recommend starting at the top of your list and working your way down.