Interest deductibility has recently been a hot topic of conversation, hasn't it? The Government recently clarified the tax position that property investors will be able to claim 80% of their interest in the 2025 financial year and 100% from the 2026 financial year. This is a huge win and I believe when interest rates start falling, first home buyers will be competing with property investors again when looking to buy.

I recently heard that the number of listings in the whole Hawke's Bay property market were around the 400 mark and have come back from those late in 2023. I firmly believe there will be more listings and some good purchasing opportunities when the Government’s proposed change to the Brightline Test from 10 years to 2 years from July 2024 becomes law with some investors who are highly leveraged offloading some of their properties.

Home owners often ponder whether they should sell or rent out their home when they move. Selling a home you’ve lived in for several years can be very emotional decision- it’s often a place where you’ve developed relationships and raised a family. No-one knows your home like you do so it must make good investment, right? Not necessarily, property investing is all about the numbers. Take it from someone that has been there and done that, I’d strongly encourage analysing all the positive and negatives in making your decision.

That's all for now, thanks for tuning in!