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Propertyscouts Auckland City News
Experts In Property Management
Perhaps the main argument advanced for having a capital gains tax (CGT) is fairness. Obviously the rich, by definition, have the most capital and almost by definition make the most capital gains. The rich pay more under a CGT and this is seen as fair.
On the other hand, already the highest earning 3 per cent of individuals pay 24 per cent of net income tax and 40 per cent of households pay no income tax taking into account family support.
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There are growing concerns about possible rent rises if new legislation governing investment properties is passed.
The festive season is upon us and Aucklander's are ready to celebrate!
Nationally, the average rental price increases, but falls in the Auckland region.
Rental market research from realestate.co.nz for June 2018 shows that the national average rental price has increased from $454 to $499 per week (an 5.0% increase) from June 2017.