Summarised by Centrist
The New Zealand government is introducing changes that will impact both renters and landlords. These changes include the return of 90-day ‘no-cause evictions’ for landlords, reducing notice periods for tenants, allowing landlords to charge extra rent as a pet bond, and reinstating mortgage interest deductibility for investors.
The bright-line test for capital gains tax will also be reduced from 10 years to two years. While investors are generally pleased with these changes, tenant representatives have expressed concerns about tenant rights and affordability.