Goodbye CGT ..... for now at least
Propertyscouts New Plymouth News
Experts In Property Management
Capital Gains Tax National Propertyscouts
By Keith Ng of the NZ Herald
New Zealand's major cities are in the grip of a rental squeeze that is not only hitting students, but also pensioners and young professionals working as teachers, chefs and engineers.
The demand has sent national rents soaring to new heights with Auckland and Wellington also hitting record highs and pundits tipping the traditional "March madness" month to be even busier.
It also appears that no quick end is in sight as population growth and a shortage of new houses are behind the record rents, analysts CoreLogic warn.