Yeah, that's a real possible reaction from investors, we don't know how it wii play out yet. I'm saying that calling these measures nothing & comparable to previous lack of action, doesn't match up with the commentary I've been reading.
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However, the big change which has been announced that's generating quite a bit of commentary on social media is the proposal to restrict, in fact remove entirely over time, interest deductions on residential property income. And this kicks in from October 1.
Now this is obviously a significant change. I made a suggestion last year that maybe it was time to apply the thin capitalisation rules, but this has gone further than I expected.
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https://www.interest.co.nz/opinion/1...rules-reviewed
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Economists see the housing changes announced by the Government as having a chilling effect on investor demand and acting as a significant drag on house price growth
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https://www.interest.co.nz/property/...ffect-investor
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The Government has taken a gutsy approach to tackling the housing crisis - the days of highly leveraged property investment are likely over, Greg Ninness says
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https://www.interest.co.nz/property/...ghly-leveraged