Thousands of tourists packing the shores of Lake Wakatipu and shops in Queenstown have given owners of commercial property a lot of confidence in their investments. The survey of 12 regions was taken during the release of the Tax Working Group's final Future of Tax report which recommended a broad-ranging capital gain tax which could cost commercial property owners 'billions'. READ MORE:* Surprise card could help Labour sell a capital gains tax 'light'* Capital gains tax: Tax Working Group could cost commercial property owners 'billions'* Capital gains tax 'sensible' and fair for NZ, says OECD officialAt same time the experts are warning that a slowdown is on the cards, though not a crash, after a golden run for commercial property investors in New Zealand. MONIQUE FORD/STUFF The Kaikoura earthquake has shorted Wellington of quality office space and that is proving a boon for commercial property investors in the capital. Commercial property owners regarded Tauranga-Mt Manganui as a "safe haven" with its strong population growth and booming regional economy.

Source: Stuff March 14, 2019 02:35 UTC