Where did all the houses go?

Where did all the houses go?

Vicki Hetherington News

Where did all the houses go? The latest data from realestate.co.nz shows nationally a total of 14,883 houses were listed for sale last month, a drop of 29.9% on the same time last year. Asking prices are cooling off too. Across the country the average asking price has cooled in May to $841,193, down by $22,203 from the March average …

What is a bright-line test?

What is the bright-line test?

Vicki Hetherington News

The ‘bright-line’ test has been a hot topic this year. Originally brought in as a simpler way of applying an income tax on speculator’s “flipping” houses, the term originates from US constitutional law where a bright-line rule or test is “a clearly defined rule or standard, composed of objective factors, which leaves little or no room for varying interpretation”. The purpose of …