Budget day has finally arrived and property investors are anticipating the changes to be announced around the tax treatment of property. Our www.landlords.co.nz and www.netprophet.co.nz websites will have regular updates from 2pm explaining what the changes are and how this will affect investors.
We also have a story explaining why short-term mortgage rates are rising.
Nelson Building Society has added 15 basis points to its one and two-year fixed home loan rates this morning bringing them to 6.70% and 7.70% respectively. The rates are both now well above the median rates for non-bank lenders.
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