Interesting article from Martin Hawes I believe property is a sound and good investment. He is correct there are other investment options for New Zealanders to explore, but people need to be educated on these investments as they are often complex. The security property provides is that people can see it and feel it, it has a sense of reality, and capital gain is pretty much on par with the share market. Imposing a capital gains tax on property investments is not the answer for the Government to either raise further revenue or put a damper on speculative property investment. The Australian government is notorious for ripping of the public with stamp duty and capital gains tax to top up their coffers. New Zealand is a great place for overseas investors, property is very affordable compared to other parts of the World and is a sound investment strategy. Happy Investing Kim
http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=10599783
