1. The Government just loves creating more work for us accountants! For the 2023/2024 financial year landlords will be able to claim 60% of their interest expenses, the exact date this will commence is yet to be determined.

2. The Reserve Bank recently noted in their latest OCR announcement that 20,000 borrowers were behind on their repayments and borrowers were paying an average interest rate of 5.4% when the current average was around 6.4%. There is still a lot of pain to come.

3. The first sign the residential property had moved into a recovery phase was an increase in market sentiment or confidence. Interest rates are at or near their peak, immigration is up and there is more friendlier government policy.