24 Mar 2021

House sales rushed after govt announcement

From Checkpoint, 6:12 pm on 24 March 2021

Real estate agents are either dropping listings or rushing through sales following the government's housing announcement.

Any investment property bought from Saturday onwards will be subject to a tax on the capital gain if it's sold within 10 years.

It's among a number of changes announced yesterday - with the real estate industry, investors and renters trying to work out what it means for them.

Rachel Graham has more.