We'd like to say a big thank you to Anthony McIlroy at Evolve Accounting for the expert advice he provided to support this article. On March 23rd the Government announced proposed changes to the taxation of residential investment property. These changes introduced a more level playing field for property investors, with the intention to address housing affordability. Investors must now differentiate between tax treatments on existing residential property (“non-new build”) and newly developed housing (“new build ..read more

The Government has finally unveiled its highly anticipated plan to address housing issues in New Zealand, after promising a specific focus on affordability and entry into the market for first home buyers. Prime Minister Jacinda Ardern announced a 3.8 billion dollar boost in new builds, a lift in caps for the First Home Grant and the required cost of eligible new and existing homes, as well as a significant extension to the bright-line test up to 10 years, and removal of the current rules around interest deductibility ..read more

The saying goes that there’s nothing more constant than change and in our industry big changes took place on the 15th March as the Financial Services Legislation Amendment Act kicked in, repealing the Financial Advisers Act 2008, and heralding a new era of conduct and client- care obligations for financial service providers ..read more

Since August last year, broad changes to the Residential Tenancies Act (RTA) started taking effect, and as of 11 February 2021, the bulk of these reforms are now in action. Changes to the laws within the Act impact both landlords and tenants, so it’s important to understand the intricacies around what these substantial changes can mean for everyone involved ..read more

Just under a year ago, the Reserve Bank of New Zealand announced the removal of all LVR restrictions in light of the COVID-19 pandemic, and in an effort to stimulate the economic market in NZ. It was a heyday for investors, making credit easier than ever to attain, requiring less equity or skin in the game to buy and develop property ..read more

If you're in the market of purchasing your a home, then you'll be all too familiar with the application process of getting a traditional loan from the bank. This, as we all know, is the most common method of getting a home loan and a go-to for most Kiwis. However, it isn't always as simple as walking into a bank, signing a piece of paper and walking out with your new loan approved ..read more

Here, at the Mortgage Supply Co. our team is made up of a number of valuable people who are brilliant at what they do and bring unique skillsets and advice to the table - which means more opportunities for our clients ..read more

If you are considering buying a house it could be worth setting up a trust to protect your investment. Whatever your circumstances, age or intentions for your assets, it is important you have the best support and information to make sure your property is protected. It may seem tricky and confusing to know where to begin if you are wanting to buy a house and set up a trust but fear not - we've teamed up with GM LEGAL to help to get you going ..read more

Getting onto the property ladder is challenging at the best of times. The last thing you want to worry about when you are taking on one of your biggest financial commitments is a delayed application process with the potential to derail your purchase altogether ..read more

A bad credit score can seem disheartening, especially when you have the dream to own a home. But don't worry, there is good news ..read more