2021 Review & 2022 Prediction (1/2)

2021 is going to end and the property market saw massive changes during this year. I will summarize the most 10 important events in 2021 in this post and predict 10 things that may happen in 2022 in the next post. I want to highlight again if you have the knowledge, plan, strategy and getting help from A team (coach, accountant, broker, lawyer, agent, property manager, builder, planner, … ) whatever happen in the market you will make money out of it.  Here are the top 10 items impact the property market.

• New tenancy act and healthy home standard. [11^th Febuary] more details here ()
• Interest deductibility [27^th March]
• Bright-line tax change from 5 to 10 years [27^th March]
• Change LVR for investors from 20% to 40% [1^st May]
• The lowest (1.9%) interest rate in New Zealand [June, July]
• Almost 30% house price increase [September]
• RMA (Resource Management Act) reform [19^th October]
• OCR/interest rate increased, DTI partial implementation [October]
• Change low LVR for FBH (First Home Buyers) [1^st November]
• CCCFA (Credit Contracts and Consumer Finance Act) [1st December]

If you have any questions about how these impact the property market contact me and don’t miss my next post which would be 10 predictions in 2022.

Merry Christmas and happy new year and wish the best for everybody who made money out of the property!