Which way will the property market go now?

[Panda-NZ-]

Closing a tax rort is not a new tax. plus there's still 0% on the capital gain.

Meanwhile:
https://www.newshub.co.nz/home/money...quit-jobs.html

Great place to have wealth, not so much to work for a wage.

[peetter]

There was no "tax rort". Rather than this abomination of tax on expense, proper inflation adjusted CGT would be better.

But labour only did this for tax revenue, so they got tax on expense plus CGT reacharound at 39% personal income tax without inflation adjustment...