In New Zealand recently, for example, we’ve seen a new government come to power who’ve decided to restore some of the tax rules that made property investment a viable asset class in the past. We’re also getting much-needed tax cuts, which may offset the pain from inflation for those carrying the biggest load. Our central bank is being given a much more narrow and simplified mandate—focus on inflation. How good is that They’ll soon have one job to do – So there’s hope that both the RBNZ and the government will do a better job of dealing with inflation in the future. As investors, this means more stable interest rates. It’s about confidence. Read more
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Disclaimer: Please act independently from any content provided in these episodes; it’s not financial advice, because there’s no accounting for your individual circumstances. Do your own research, and take a broad range of opinions into account. Ideally, engage a financial adviser and pay for advice!
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