PRESSURED INVESTORS LOOKING TO SELL. WILL IT AID FIRST HOME OWNERS?
Once the new rules regarding depreciation on property investments were made clear in the Budget, those multiple-property owners exposed to financial stress had several months to decide and act on their response. What we are seeing already is that a proportion, certainly a minority, are quietly placing on the market those properties they believe they cannot hold once the new tax position takes effect in 2011.
Once again it has to be said that when backed by heating and insulation incentives driven by government and local authorities, some of these properties can be great opportunities for first Home Owners. Dependent upon the age and type of home and the part of the country the buyer lives, there are grants and discounts available…costs can even be tied to Rates payments over quite a number of years.
Don’t forget either, that if youngsters have a ‘KiwiSaver’ account with a few years activity, there are quite substantial additional incentives to anyone, young or not so, who are buying their first home. If you want to know more, give us a call.
Filed under: REAL ESTATE | Tagged: Real Estate