Over the years, leasing of assets have taken on many different names and forms – hire purchase agreements, lease to buy, operating lease, finance lease, multi-lease to name a few. Most times, the variations are used in relation to motor vehicles more than other assets.
Read MoreThe NZ property market is one of the most talked about topics right now. Open letters, debate, finger pointing, helpful suggestions – there is no shortage of any of these things. And the latest CoreLogic House Price Index (HPI) is likely to only add fuel to the fire. According to the CoreLogic HPI for November, nationwide property values accelerated further over the month, increasing 2.1%, after already lifting in both September and October.
Read MoreNew Zealand India Trade Alliance (NZITA) recently held an event under the series NZ-India Dialogue (Connect, Enable and Advocate). The event was held in Auckland on Tuesday, 01 Dec 2020 ay EY Building and the Key note Speaker was David Pine. David Pine is New Zealand’s High Commissioner to India.
Read MoreHow a country best brings about compliance with tax laws has been studied extensively. These studies show that in a country with good tax compliance, increasing audits and investigations does not lead to a significant increase in tax revenue.
Read MoreThis journey is all about yummy food Bake & Beans, a Cheetal Foods Limited company, has been serving authentic ethnic confectionary for over a decade now. Initially based only at Dominion Road in Mt Roskill, it now has four branches across Auckland and has growing list of faithful customers.
Read MoreWe are now firmly into election month with polls opening across the country on Saturday, and all major parties doubling down on their election promises, including a variety of polices in and around property. We are now also officially in spring, but if you look at the market, and back at September it’s feeling a lot like summer!
Read MoreThe financial impacts of COVID-19 will undoubtedly have a significant impact on all businesses in New Zealand and will naturally result in many employers needing to look at restructuring and redundancies. However, the process is not so simple!
Read MoreIt may be spring, but it feels like summer if you are watching the property market, as record levels of activity in the market are already hitting summer peaks.
Read MoreAs Auckland comes out of just over three weeks of lockdown at Level 3, many will be surprised to see that the market remained strong throughout, even beating sales records from the same time last year. Mortgage payments for First time buyers have also continued to remain affordable in all regions.
Read MoreThe latest CoreLogic Pain & Gain report shows that the proportion of properties being resold for more than the original purchase price (i.e. a gross profit, or “gain”) in Q2 2020 across New Zealand was 96.1%.
Read MoreLicensees must comply with these health requirements at alert level 2.
Read MoreThe market has shaken off the effects of the original lockdown with a strong return, as it continues to shake off any fears around the current lockdown, with sales in auction rooms continuing to climb. Economist at the country’s largest banks also predict that the OCR could drop into the negatives in 2021.
Read MoreWhile businesses will be planning their next steps as the country’s economy rebuilds, the Ministry of Social Development (‘MSD’) have begun the mammoth task of auditing certain applications made under the Wage Subsidy Scheme (‘the Scheme’).
Read MoreDespite what had been described as “inevitable” Auckland was taken by surprise last Tuesday when the government announced that COVID-19 has re-emerged in the community with no identifiable trace to the border. The response has been swift and we are now locally in the midst of a two week Lockdown at Level 3, with the rest of the nation at level 2.
Read MoreNew data has proven that despite the winter blues and post-COVID predictions, the residential market has come back swinging, with a sales success rate that hasn’t been seen in the month of July in over five years.
Read MoreNew Zealand is one of the most “trusted” countries in the world with estimates of at least 500,000 trusts in a population of just five million.
Read MoreFirst Time Buyers have broken records as they claim a record-high share of the mortgage money advanced in June, taking advantage of low mortgage rates post lockdown, mirrored by the sales successes seen in Auckland auction rooms.
Read MoreAnd once again as a proof of success of people of Indian origin, in whatever field they choose to in New Zealand, two Kiwi-Indians figure prominently in the top 10. While Auckland-based Dev Dhingra of The Fundmaster secured his second spot for the second year running, Christchurch-based Nathan Miglani of Loan Market was ranked sixth.
Read MoreThe government announced ahead of the election a fund to help low-income first-time buyers into the property market, just as a report announced that mortgage repayments have hit a four-year low.
Read MoreEvery New Zealand tax resident is required pay tax on their worldwide income (including income earned in New Zealand and overseas). Residential status for tax purposes is different from New Zealand citizenship or permanent residency. Even if you are not a New Zealand resident for tax purposes, you still you must pay tax on any income you earned in New Zealand.
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