Could this be the beginning of the end for cross leases?

by Debra Dorrington | May 3, 2018 | Blog, Cross-lease, General property Law, Subdivisions, Uncategorised, Unit Titles

I went to the Environment Court last week; mainly out of curiosity. A case was being heard that will impact significantly on people who own cross lease properties. It was an application to the Environment Court for a decision on whether a cross lease conversion to a...

Residential investors have your say: government plans ring-fence for rental losses

by Rachael Stevenson | Apr 30, 2018 | Blog, General property Law, Leasing

In her recent blog Denise Marsden discussed the extension of the bright line test for residential land. Now another government move to reduce property speculation and decrease house prices is gaining momentum with the publication of an IRD issues paper. Proposed...

New REA website – recommended reading for property newbies

by Debra Dorrington | Apr 10, 2018 | Blog, General property Law

The Real Estate Authority (REA) recently launched a new website: settled.govt.nz.  It provides information useful for both property buyers and sellers new to the process in New Zealand. Written for the residential market, it takes an independent look at property...

Bright Line Test extended from 2 to 5 years

by Denise Marsden | Apr 3, 2018 | Blog, General property Law, Sale and Purchase

NEW LEGISLATION: A new bill has been passed extending the ”Bright Line Test” for residential land to 5 years. The Bright Line Test was introduced as part of the Taxation Act 2015. It requires income tax to be paid on any gains from residential property that is...

Report from the Property Council AlexanderDorrington Regatta

by Jourdan Griffin | Mar 27, 2018 | Blog, Commercial property

Denise and Jourdan Hawaiian style Regatta racing action Auckland city from the water It’s been a long wait between sailings so after a 10 year break, we were delighted to sponsor The Property Council’s regatta again. On Thursday15th March 2018, the sold-out event...

Have your say on changes to the Overseas Investment Act and Residential Development

by Denise Marsden | Feb 12, 2018 | Blog, General property Law, Sale and Purchase

You will have seen media reports of expected changes to the Overseas Investment Act. They implement the government’s plans to restrict the sale of houses to people who are not New Zealanders. The submission period has been extended and submissions close 16 February...