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.
The ‘Bank of Mum and Dad’ (BOMD) is now the fifth largest lender in New Zealand, but what happens if it all goes pear shaped and your kid’s relationship breaks down?
Dreaming of moving into a retirement village but the unknown costs are putting you off? Well, some big changes could be coming for the retirement village industry to make things fairer for all residents.
