7 Government changes that could make me $503 a week

In this episode of Property Now, Ed looks at the recent government policy shifts that could enhance his weekly income by as much as $503.
Ed discusses everything from the reduction of investor taxes to new rules around borrowing and property development, offering practical advice on how viewers can leverage these changes for their financial gain.

#propertyinvestment
#taxes
#propertyinvestingtips

[kanecampbell]

As a landlord, the long list of penalties that the Labour government imposed on me. Plus the ever increasing interest rates. Plus a supply and demand issue. Plus inflation causing all building materials to increase and tradie hourly rates to also increase for any repairs I need to do. Plus insurance rates going 3-4x. Plus rates skyrocketing. Has all created a perfect storm for rents to increase by massive amounts. I never wanted to increase my rents by the level that I have. But it is purely out of necessity. Blame who you want but I can tell you now out of experience that the last Labour government massively added fuel to an already volatile fire. How they couldn't see what they were doing as a penalty to landlords that would naturally be passed on to tenants (not wholly) is lunacy. Being a landlord is a business and decisions are based on weighing up revenue vs expenses.

If you've got a problem with what I'm saying. When was the last time you asked to speak to the owner of your local supermarket to drop food prices for YOU because food is a necessity and YOU feel as though you have a right to be provided with cheaper food and as a result the owner won't be able to make a profit? I can tell you now I'm making less from my rental income when I charged 50% less in 2020 and prior.

[seza]

It's called the free market. If you can't run it as a viable business without special kick backs because you rely on corruption then you need to do better or exit.

[mackpang]

There are no easy solutions to the problems we face. Tax cuts do not pay for themselves. Debt cannot rise forever. Spending implies taxing. Economic constraints are real. Grown up and effective government requires an acknowledgement and understanding of these facts. Countries which have tried to deny them have always paid a heavy cost.

[jazmax]

Political shifts often bring about changes in policies that can impact various sectors, including investment. Changes in government can lead to new regulations, tax policies, and economic strategies, which may affect investor confidence and decision-making.

[fansun]

It always amuses me when people talk about "greedy property investors". Where do they think they could rent houses from if there were no landlords at all？

[xylon]

by right, jacinda and her friends shouldnt rule and run NZ from the start. lesson learned

[paulleighton]

Foreign investment is a good thing ! Period

[tommytaua]

If you put a kitchen, bathroom, or toilet in your granny flat. I think Council are going to make you go through a consent process. As you’re going to need to connect to their already stressed infrastructure.

[que-tangclan]

I feel like I haven’t been here a while. Dude is looking swol

[KiwiAustralian]

Making it easier for Investors is not good for NZ or young people who keep running away overseas. And more and more foreign investors emerge. NZ isnt NZ anymore