The Overseas Investment Amendment Act 2018

by Denise Marsden | Oct 1, 2018 | Blog, Building, Fresh Business Thinking, General property Law, Sale and Purchase, Subdivisions, Unit Titles

We review the imminent law change from a residential property developers’ viewpoint. Sale of residential land in NZ to overseas persons From 22 October 2018, the sale of residential land in New Zealand to an overseas person will require consent from the Overseas...

Converting your cross-lease title to fee simple

by AlexanderDorrington | Sep 5, 2018 | Blog, Cross-lease, General property Law, Sale and Purchase, Subdivisions, Uncategorised

Don’t assume converting your cross-lease title will be a complicated and expensive task. With the right people engaged to carry out the work, you can save a lot of time, money and unnecessary administration. Here at AlexanderDorrington, we have carried out many...

Should you invest with friends?

by AlexanderDorrington | Aug 28, 2018 | Blog, Commercial property, Fresh Business Thinking, General property Law, Sale and Purchase

Are you considering investing in property with friends? In today’s escalating property market it is becoming more common. The subject of friends pooling their resources came up recently in a property investment chat group. There were tales of financial success,...

Bright Line Test extended from 2 to 5 years

by Denise Marsden | Apr 3, 2018 | Blog, General property Law, Sale and Purchase

NEW LEGISLATION: A new bill has been passed extending the ”Bright Line Test” for residential land to 5 years. The Bright Line Test was introduced as part of the Taxation Act 2015. It requires income tax to be paid on any gains from residential property that is...

Have your say on changes to the Overseas Investment Act and Residential Development

by Denise Marsden | Feb 12, 2018 | Blog, General property Law, Sale and Purchase

You will have seen media reports of expected changes to the Overseas Investment Act. They implement the government’s plans to restrict the sale of houses to people who are not New Zealanders. The submission period has been extended and submissions close 16 February...

Settling SugarTree – a large apartment sell down

by Bonnie Prior | Nov 17, 2017 | Blog, Building, Commercial property, General property Law, Sale and Purchase, Unit Titles

[dt_gap height=”10″ /] https://www.alexanderdorrington.co.nz/wp-content/uploads/SugarTree-settlement-day.mp4 Time lapse video of our office on settlement day.   Bonnie Warburton’s behind the scenes glimpse at five crazy days.   Attempting to...