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> What will cause prices to fall is higher interest rates. This is what has been happening in NZ. I hope so. But this assumes a fair market. I believe the NZ m
by elliottkember 2y ago
> What will cause prices to fall is higher interest rates. This is what has been happening in NZ.
I hope so. But this assumes a fair market. I believe the NZ market will be pumped up through government action in order to avoid paper losses for property investors, landlords, and also for regular family property owners' unrealised gains.
Case in point: reinstating full interest deductions for residential property, reducing the tax investors pay. A $2.5b kickback to landlords. 60 per cent deduction in 2023/24, rising to 80 per cent in 2024/25 and 100 per cent in 2025/26.