Kiwis are passionate about property and home ownership. The property landscape can be a complicated one though so here’s a recap of some recent updates.
Many Kiwis rent out their holiday house, a room, or even their existing home for short stay holiday accommodation through the likes of Airbnb and Bookabach. If you’re one of them, then you need to know about changes coming.
Until the proposed bright-line changes are passed into law, our advice to you is get legal advice before you put your property on the market, so you don’t get caught out.
Buying a house with family or friends can be a great way of getting yourself on to the property ladder. Co-ownership or shared ownership is becoming increasingly common and can give each person a distinct share in the property that you couldn’t otherwise afford on your own. Choose the person/people wisely though and it’s critical that you get a property sharing agreement drawn up.
