UK Property Stamp duty changes In his autumn statement, George Osborne announced that for those individuals buying ‘buy to let’ properties or a second home that stamp duty will be increased by 3%. On homes between £40,000 and $125,000 the rate will be 3%, the next $250,000 the rate will be 5% and then 8%up to £500,000. On a $275,000 home the increase will be …
Auckland rents ready to hit $500?
Auckland rents are ready to set a new record Median rents in Auckland are set to reach a new high and break through the $500/week barrier, possibly as soon as the start of 2016. As at October the median average was $495/week. Although this reflects all property types from 1 bedroom upwards it means that average rents have increased over 8% this year already. As we go into …
NZ residential property rental market 2015
NZ residential property rental market 2015 What were the major changes? Brightline Test With effect from 1st October 2015, a new test was introduced referred to as ‘The Bright Line Test’. This effectively states that any gain resulting from the sale of residential land & property (overseas property included) within 2 years of owning it, will become subject to income …
Auckland Residential Property Market
Is it still time to buy that investment property? The current indicators: Whilst house prices and volume sales for Auckland residential properties were down for October,November has shown signs of a pick up. Governor Wheeler has indicated no OCR rate hike in the short term to counter the heat in the market demand. Indeed ,there are signs that actually there will …
Are London prices finally stabilising?
Prices in London apartments may finally have turned the corner. For far too long rather there has been a huge rise in the supply of new-build flats in London and this would eventually lead to a glut in the supply. In the wake of the financial crisis, when the pound was weak, commodity prices were riding high and Asia was booming. It made sense for those in certain parts …