From the Courts- Leaky Buildings

May be of interest to some of you. The long-Awaited class action against James Hardy has begun. Claimants allege that JH provided faulty cladding materials and continued to market these even once they were aware of the problems. JH’s counter-argument is that the materials were fine but the fault lies with poor workmanship by builders. (ED. Having owned 3 leaky…

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Have these changes worked ? may 2021

The latest report from Corelogic shows first home buyers formed only 21.5% of the market for the first 3 months of this year. This is the lowest since 2018 and down from 24.8% in their last report.  House prices still move upwards – a seasonally adjusted increase of 25.6% over same time last year. From $680,000 to $810,000 national average.…

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Government Interferance in the Market 2021

An item on TV3 Newshub suggests that even if house prices fell by 20% over 75% of people renting property would still not be in a position to buy a home. We would seriously question that this Government – nor any Government before it or still to come – has the appetite to see house prices drop to this degree.…

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The removal of tax deduction 2021

Media coverage suggests that the Government’s decision to disallow interest payments as a tax deduction was made against the advice of officials. It seems that officials from Inland Revenue, Treasury and the Ministry of Housing and Urban Development were unanimous in advising Government not to remove this tax deduction. They were supported by economists and the general public. The thrust…

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