PHOTO: KiwiBuild
Property investors are thrilled the Government has eased restrictions on selling KiwiBuild homes.
Rather than having to give up any capital gains if the property is sold within five years of purchase, owners now only have to wait three years – and if they sell early, they’ll still get 70 percent of any gains.
According to Housing Minister Phil Twyford the change is designed to make it fairer, since the properties aren’t subsidised by the Government and buyers “are paying for them with their own hard-earned cash”.
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