News

Wednesday, 24 March 2021

The Government has confirmed that it will double the bright-line test, and the new rule will apply to property acquired on or after March 27th. Doubling the capital gains tax-esque bright-line test from five to ten years means that any gains on a residential property (that is not a family home) will be taxed if the property is sold within ten years of purchase.

Monday, 15 March 2021

REINZ Stats February 2021 The number of residential properties sold in February across New Zealand increased by 14.6% when compared to the same time last year (from 6,951 to 7,964) – the highest for the month of February in 14 years, according to the latest data from the Real Estate Institute of New Zealand (REINZ).

Wednesday, 10 March 2021

For many residential property investors, commercial real estate presents as a risky, complicated and costly option. This couldn’t be further from the truth. With the right knowledge and support, investing in commercial property can be a great asset to your portfolio due to often higher rental returns, longer-term tenants (leases) and fewer expenses on property maintenance (as tenants often cover these costs).

Thursday, 04 March 2021

22 out of 26 properties that Property Brokers took to market attracted a crowd of over 120 and sold for sums well above their rating valuation, under the hammer at the recent Project Gisborne Auction Event.

Friday, 26 February 2021

This weekend's Property Brokers Race to the Brewery event will achieve a major milestone for the wider Manawatu community by raising over a quarter of a million dollars for Relay for Life over the 11 years that the event has been held.