Changes have been made to the existing brightline tax. If you buy a property (not a family home) and then sell within two years, currently you must pay tax on the profit. This time frame has been extended to five years for any property bought after the law is in place. This will happen around mid March.
NZ housing market thawing with Auckland leading the way
REINZ stats are right up to the minute, as it includes unconditional house sales which are yet to settle. Auckland month on month in September
