OPINION: Property investors aren’t the most popular people in New Zealand right now, and the Government’s housing market reforms this week confirmed that. The rules won’t change for new builds; investors will need to hold on to new homes for five years to avoid paying the tax. With fresh incentives to buy new builds, investors will be pitched on a battleground with first-home buyers looking to get on the ladder. First-home buyers and investors will be on a collision course in this corner of the market. Wealthy investors, armed with capital, snapping up new stock and outmuscling first-home buyers, leaving them with NZ’s leaky, low-quality older properties.

Source: Stuff March 24, 2021 16:00 UTC