When the National-led coalition government was elected, it promised a raft of reforms for property investors and the rental market.
It has outlined significant changes to tax, tenancy and planning laws – some a priority and others taking longer to introduce.
Here are the changes being planned and what it will mean.
1. TAX CHANGES
Along with eased lending restrictions, investors will also pay less tax under the government's restored mortgage interest deductibility.
For the current tax year, 60 per cent is deductible, 80 per cent will be deductible from April 1 next year and 100 per cent from April 1, 2025. This is part of the coalition agreement, although ACT wanted it to be brought in immediately.
This will substantially affect investors’ cashflows. As an example, under Labour's policy of phasing out tax deductibility, a property
