With the General Election merely weeks away and housing being the epicentre of the political battlefield, it is time for property investors to understand the positions of each of the major political parties and how our investments are likely to be affected.
Below is a summary table of the four major political parties and their policy positions for the seven hot button issues for investors:
National | Labour | Greens | New Zealand First | |
Rental Warrant of Fitness | Targeting state houses and those receiving accommodation supplement | Mandatory for all rental properties | Mandatory for all rental properties | |
Capital Gains Tax | No | Yes 15% (excluding family homes) | Yes (excluding family homes) | |
Ring Fencing Losses | “Bach tax precedent” | Yes | Yes | |
Heating and Insulation | Healthy Homes Guarantee Bill | Energy Efficiency Conservation Bill | ||
Residential Tenancies Act | No | Yes | Yes | Yes |
Rent Freeze | Yes | With Limits | Yes | |
Regulation for Foreign Investors | No | Overseas Investment Bill | Yes | Yes |
Source: New Zealand Property Investors’ Federation
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