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Posts by adviceHQ
258 days ago

Coalition Government Delays Interest Deductability Phase-In

David from adviceHQ

The Government has announced that interest deductibility on residential investment properties will be phased back in starting from April 2024. This means that affected taxpayers will now be able to claim 80% of their interest expenses from April 2024, with the deduction set to return to 100% from April 2025.
This decision backtracks on the coalition agreement, which initially proposed 60% deductibility from April 2023.
Associate Finance Minister David Seymour stated, “Landlords have been hit hard by rising mortgage interest rates and increasing interest deductibility limitations, especially during these times of economic strain. These costs often get transferred to tenants, contributing to the soaring rental prices in New Zealand.”

In light of this policy shift, should we be wondering if the Brightline changes will be "amended"?
It is worth noting that changes to banks' servicing tests are expected, which could have a significant impact on property investment financing.
For independent financial advice tailored to your family or business, reach out to adviceHQ.
#InterestRates #MortgageRates #nzpropertyinvestor #advicehq 🏠

More messages from your neighbours
6 days ago

Poll: When should the tree go up? 🎄

The Team from Neighbourly.co.nz

From what we've heard, some Christmas trees are already being assembled and decorated.

What are your thoughts on the best time to get your Christmas tree up?

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When should the tree go up? 🎄
  • 4.7% Second half of November
    4.7% Complete
  • 43.4% 1st December
    43.4% Complete
  • 17.6% A week before Christmas
    17.6% Complete
  • 33.2% Whenever you wish
    33.2% Complete
  • 1.1% Other - I'll share below
    1.1% Complete
2547 votes
2 days ago

Poll: Should all neighbours have to contribute to improvements?

The Team from Neighbourly.co.nz

An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.

When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?

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Should all neighbours have to contribute to improvements?
  • 82.9% Yes
    82.9% Complete
  • 14.3% No
    14.3% Complete
  • 2.8% Other - I'll share below
    2.8% Complete
1368 votes
1 hour ago

FREE Financial Workshop @ Glenfield Library

Honour Zhu from Glenfield Library

We're excited to invite you to join the last FREE Financial Workshop in 2024 at our library next Tuesday, 11 AM - 1 PM.
This workshop will provide you with practical advice on increasing income and reducing expenses. Gain valuable insights to improve your financial health. Take control of your finances and make room for the things you enjoy! Connect with like-minded community members, share tips, and turn budgeting into a positive experience in a supportive environment.
The workshop is provided by North Harbour Budgeting Services Inc. and is autonomous & free from any organisational influence.

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