Our Team Auckland Central | Tuariki Delamere Banks Peninsula | Ben Atkinson Bay of Plenty | Chris Jenkins Coromandel | Rob Hunter Dunedin | Ben Peters Epsom | Adriana Christie Hamilton East | Naomi Pocock Hamilton West | Hayden Cargo Hutt South | Ben Wylie-van Eerd Mount Albert | Cameron Lord Nelson | Mathew Pottinger New Plymouth | Dan Thurston-Crow North Shore | Shai Navot Northland | Helen Jeremiah Ōhāriu | Jessica Hammond Rongotai | Geoff Simmons Southland | Joel Rowlands Tauranga | Andrew Caie Te Atatū | Brendon Monk Wellington Central | Abe Gray Whangārei | Ciara Swords
- News & Events
Won’t introducing property tax make it even harder for first home buyers?
No. While property tax will be an additional cost after purchasing the house, the UBI and tax changes will make accumulating the deposit for the house easier. Introduction of property tax should slow house price appreciation, meaning house prices do not grow by more than the deposit saved every year. Initially with low equity in the house (around 20%) property tax will also be low.
Was this helpful?