The new brightline test
Over the past month or two I have had many inquiries from people wanting to either develop their Kiwi quarter acre or buy a rundown property and do it up for sale.
A word of caution here should be heeded.
After talking to the excited and energetic punter in most cases after going through the scenarios with them we find there is little or no money in the deal and in some cases they can also lose money. The new brightline test is having a devastating effect on budding property developers.
Posted on Sat, 1 April 2017
by Shawn O'Grady