Planning to cancel your GST registration before selling your holiday rental? IRD treats de-registration as a sale at market value. You'll owe 15% GST instantly—without any sale proceeds to pay it. 🤯💸
@nzpropertyreview.bsky.social
@nzpropertyreview.bsky.socialPlanning to cancel your GST registration before selling your holiday rental? IRD treats de-registration as a sale at market value. You'll owe 15% GST instantly—without any sale proceeds to pay it. 🤯💸
@nzpropertyreview.bsky.socialDid you know renting your bach for just 100 nights a year can pull your entire property into the GST net? If you hit $60k in gross revenue, you must register. Don't get caught. 🚪⚠️
@nzpropertyreview.bsky.socialCheap money isn't inflating NZ house prices anymore.
High listings, falling migration, and a 21% jump in consents have triggered a structural shift. Buyers are in control. 💸🏠
@nzpropertyreview.bsky.socialSelling a tenanted property? The notice window for vacant possession has dropped from 90 to 42 days.
This restores property liquidity and levels the playing field between investors and owner-occupier buyers. #NZProperty #NZRealEstate
@nzpropertyreview.bsky.socialAuckland asking prices just dipped below $1M for the first time in 6 years. With bank forecasts for the OCR rising to 3.5% and listing stock up 13.8%, the power shift to buyers is absolute. Vendors: adjust or wait. Buyers: the floor is moving. #NZProperty #NZRealEstate
@pixoate.bsky.social500 px is Trade Me's minimum, not a target. For a New Zealand property gallery, work from sharp originals, keep room context, and check the lead photo after upload.
@nzpropertyreview.bsky.socialNZ net migration plummeted from 128k to just 19k while new home consents jumped 21%.
The power has officially shifted to buyers. Is the property boom over? 📉🔑
@nzpropertyreview.bsky.socialFixing a defective cross-lease title isn't just expensive ($25k)—it takes 4 to 6 months. That's half a year of bridge financing, legal stress, and delays. Do your homework first!
@nzpropertyreview.bsky.social“But the council signed off on the renovations!”
Think that protects your property title? Think again. Council compliance does NOT update your cross-lease flats plan. Don't fall for this $25k trap.
@nzpropertyreview.bsky.socialInvestors are making a quiet exit from NZ residential property. High interest rates and flat capital gains mean holding homes for positive cash flow is getting too tough.
@nzpropertyreview.bsky.socialRBNZ's eased LVR limits are a game-changer. Over 50% of first-home buyers are now purchasing with less than a 20% deposit, pairing KiwiSaver with low-deposit bank allowances.
@nzpropertyreview.bsky.socialDid you know an unused credit card could kill your next property deal? Under NZ's new DTI rules, banks count your *full* credit limit as debt, even if the balance is $0. Time to close those accounts. #NZRealEstate #PersonalFinance
@nzpropertyreview.bsky.socialProperty values hit a 3-year low, but first-home buyers are winning.
They just captured a record 29% of the market, capitalizing on a massive 45% surge in listings.
The buyer's market is officially here.
@nzpropertyreview.bsky.socialPrice drop alert: Townhouses in South Auckland are trading 20% to 25% below peak. Units bought off-the-plan for $850k are selling for $650k. This is a massive buyer's market. 📉
@nzpropertyreview.bsky.socialDon't lock in long-term. Challenger banks are pricing 6-month and 1-year terms under 5% because they know rates are heading lower. Play the short game. #NZRealEstate #HomeLoans