Business and commercial litigation news in Queensland from Tucker & Cowen

Auckland Property Market
09 Aug

Taking the heat out of the Auckland Property Market

In the last year, Auckland house prices rose 18%, making the average house price 8.36 times the average annual salary. Similar to Australia, there has been much debate regarding property investment in New Zealand and whether it is fuelling spiralling residential property values. The recent NZ Budget included a number of changes relevant to both resident and non-resident investors in New Zealand Residential Property and it is thought that these changes may take some heat out of the market.
Michael Woodward of MSI Global Alliance firm – Mackay Bailey, recently published an article outlining the important changes.  To find out more click here.  For assistance, please contact our office.

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