New Zealand news. A wider perspective.
Asian Insider
Tax
Labour says a 28 percent tax would apply only to gains on investment property after 1 July 2027. Family homes, farms, KiwiSaver, shares and inheritances would not be taxed under the proposal.
Housing
The First Home Loan lets eligible buyers borrow with a 5% deposit. National and Labour both say they would lift the income cap to $300,000 if they lead the next government. Banks still decide who gets a loan.
Housing
After BNZ cut its short-term rates, the big banks' fixed rates of two years or less are now within a narrow range. Smaller and Chinese-owned banks are advertising lower rates.