I wasn’t expecting an Auckland University think tank on retirement income was the sort of crowd who would drop a bombshell on the Tax Working Group, but that’s exactly what they did yesterday.

The Retirement Policy and Research Centre, headed by well-known superannuation commentator Michael Littlewood released a paper which questioned the accuracy of one of the TWG’s numbers on the property market. By questioning the group’s predictions on the size of the residential investment market it also casts significant doubt over the assumptions made about how much revenue the government can raise by putting new taxes on property investors.

To his credit Finance Minister Bill English was quick to comment on the research and even acknowledged it may mean changes to their thinking. Read more here.

Warm regards
The Landlord

Just when you thought the only way was up, Kiwibank drops some rates. Today it has lowered its one year rate 10 points to 6.15% and brought down its two and three year rates by 10 and 9 points to 7.10% and 7.70% respectively.

Credit Union North has followed suite slightly by cutting its three-year rate by 35 points to 7.75%.

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	Modern 3 bedroom brick and tile house, road front section, in good rental area. Purchase Price: $252,000 plus $7000 finders fee Rental Estimate: $355pw ... More...