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This week (March 23, 2021) the Labour government announced their plan to tackle the current housing issues in New Zealand. The policies focused on increasing the supply of houses, assisting first home buyers while at the same time slowing down demand from investors. People have been asking us how this could affect them here in the region, so we put together a summary for you with some links to information you might find helpful.

First home loan & grant

From Thursday, 1 April 2021, the income caps will increase and the house price caps will increase in targeted areas, including Nelson.

The income cap (maximum yearly income before tax) for a single person will increase from $85,000 to $95,000. For two people, it will increase from a combined maximum yearly income before tax of $130,000 to $150,000.

In Nelson and Tasman regions the house price cap will increase from $500,000 to $525,000 for an existing property and from $550,000 to $600,000 for a new property.

Check if you are eligible for a first home loan here: https://kaingaora.govt.nz/home-ownership/first-home-loan/check-you-are-eligible-for-first-home-loan/


Changes to the First Home Loan and Grant 421.36 KB

First Home Loan and Grant Fact sheet 23rd March 2021 from the Ministry of Housing and Urban Development ...

Extension of Bright Line Test to 10 years

The bright-line test means if you sell a residential property within a set period after acquiring it, you will be required to pay income tax on any profit made through the property increasing in value. The current bright-line period is 5 years. The Government has announced it intends to extend the bright-line period to 10 years for residential property except newly built houses (new builds) which will remain at 5 years. This does not include your family home or inherited property.

This change will be effective from Saturday, 27 March 2021 except for new builds acquired before this date.

We recommend getting in touch with the IRD directly with specific questions.


Fact sheet - Proposed changes to the bright-line test (March 2021) 198.89 KB

Fact sheet - Proposed changes to the bright-line test (March 2021) from the Inland Revenue Department ...

Housing Acceleration Fund

The Housing Acceleration Fund aims to increase the supply of houses and improve affordability for home buyers and renters.

The key components of the Fund are:

The Government will also help Kāinga Ora to borrow an additional $2 billion to “assist in bringing a range of development forward through strategic land purchases”.


Housing Acceleration Fund Factsheet March 2021 143.71 KB

Housing Acceleration Fund Factsheet 23 March 2021 from the Ministry of Housing and Urban Development ...

Interest deductions on residential property

The Government is going to change the rules that allow property owners to claim interest on loans used for residential properties as an expense against their income from those properties. The legislation will apply from 1 October 2021.

Property investors will no longer be able to offset their interest expenses against their rental income when calculating their tax. Interest deductions on residential investment property acquired on or after 27 March 2021 will not be allowed from 1 October 2021. Interest on loans for properties acquired before 27 March 2021 can still be claimed as an expense. However, the amount someone can claim will be reduced over the next four income years until it is completely phased out by April 1, 2025. 

Property developers (who pay tax on the sale of property) will not be affected by this change. They will still be able to claim interest as an expense.

Again, we would recommend talking to the IRD with specific questions.


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Interest deductions on residential property income - Proposed changes fact sheet from the Inland Revenue Department ...

Apprenticeship Boost Programme Extension

We have to mention the extension to the apprenticeship boost programme also to August 2022 meaning hopefully lots of new people entering the trades which in turn will assist in more properties being built.

For a full run down and more information you can go directly to the Labour website here: https://www.labour.org.nz/news-housing-2021-plan-faq

We hope this helps make a bit of sense of the announcements and what it might mean to you. Do get in touch if you want to have a chat to us about anything raised here or relating to real estate in general. We're always happy to help.

It's Queen's Birthday weekend and what better way to mark the occasion than with a few ideas inspired by regal interior design.

Working in Nelson real estate, I've seen some beautiful homes over the years, but there's something about a touch of royal design that adds another dimension to an interior space.

Here are X easy ways to add royal flare to your home:-

1. Gold glamour. Use gold leaf paint to transform an ordinary mirror frame into an elegant masterpiece. You can pick it up from your local art supply store - and if you own your own home, you could even consider painting your mouldings as well.

2. A touch of red. Whether it's a rug, drapes or recovering an existing sofa, a splash of regal red contrasted against neutral tones will instantly lift any room.

3. Luxurious lighting. A gorgeous chandelier or antique-inspired lighting is another simple and effective way to inject royal flavour to a living room.

One of the most interesting parts of my Nelson real estate job is noticing home design trends as they come and go. Bathrooms have increasingly become a space in the home that people are spending more time in - and attention to. There's nothing better than a long soak in a nice hot bath at the end of a hard day, so it makes sense that we should make our bathrooms aesthetically pleasing. Bathrooms are usually one of the smaller spaces in a home so we must make use out of the space we have.

Here are four ways to decorate a boring bathroom corner:

1. Floating shelves.

Floating shelves are a great addition to the bathroom without taking up too much space. Not only can you use them for towel storage, they can serve as a display for other decor.

2. Corner cabinets.

Corner cabinets can take up more space than floating shelves but there is less installation work. A nice cabinet can increase the storage space and add some flair to the bathroom.

3. Add a bench.

Placing a bench in the corner can be a nice touch, especially if the bathroom is used by multiple people at one time.

4. Functional wall art. 

If you are really tight on space, use wall stickers to decorate. Hooks are also a great way to create more storage.

shell hooks

In what ways do you utilise your bathroom corner space? I would love to hear from you - leave your comment below!

6 tips for decorating your home office_Susa Guhl Partners_Nelson Real Estate

In Nelson Real Estate, I meet lots of people who work from home - either some or all of the time. The great thing is, you don't need huge amounts of space or an endless budget to create an office space that works for you.

Here are 6 tips for decorating your home office:

1. Select your space. Whether it's a nook under the stairs or a corner of the lounge, you can transform any space, regardless of the size. If your office is part of another room, consider installing a lift-out cupboard, which opens to desk and ensure the colour scheme matches the rest of the room.

2. Utilise natural light. If possible, your space should make the most of natural light, to to help create a serene environment. Cream colours (chair, desk and decor) can work with light to generate a more inspirational setting.

3. Get rid of clutter. Invest in a good filing cabinet or storage system, which keeps paperwork neat, tidy and out of sight. Stacks of paper surrounding your desk could hamper productivity. Organisation is the key.

4. Ensure your chair is comfy. There's nothing worse than an uncomfortable chair, so select one that can be adjusted to the right hight and setting for you to work with ease. It's a small point - but one which is often overlooked.

5. Introduce your inspiration. Think about what inspires you to work more efficiently. Is it a view? If a window with a vista isn't feasible, hang an image of a landscape that resonates with you. If certain colours work, use a rug, throw or paint where possible.

6. Flowers. Whether they're freshly picked from the garden or bought from the florist, a bunch of flowers will instantly life the mood and vibe of your office. Even a small posy can make all the difference.

What tips do you have for decorating a home office? I'd love to hear from you - leave your comments below.

photo credit: via photopin (license)

Working in Nelson real estate, I have seen some innovative bedroom ideas over the years - some great, some not so much!

If there's one thing I have learned it's how valuable our own private haven is. Regardless of our age, we all love a place we can add our personality to and call our own, so making a space your kids can relate to and enjoy is really important.

You don't need another mortgage or weeks of time to decorate a child's bedroom.

Here are 7 tips for transforming a children's room:

1. Create mini art galleries. 

2. Carve out the back of an ordinary wardrobe, place it in front of the entrance to a room, and you have the passage to Narnia!

3. Turn an ordinary doorknob into a talking one.

4. Hang Christmas lights behind sheer curtains for a luminescent effect.

5. Build an indoor swing.

6. Paint a chalkboard wall.

7. Create a tipi.

What ideas do you have for decorating a child's bedroom? I'd love to hear from you! Please leave your comments below.

Working in Nelson real estate means I get to see houses of all shapes and sizes.

Many homes have a small extra room, which can be used as an office, media room or nursery. If you're expecting guests or are selling and want to market it as a single bedroom, here are some tips to make the most of your space:

1. Consider a loft bed. They look sleek and you can use the space under the bed for storage.


2. Compact clothes storage. If a full-sized wardrobe takes up too much space, consider under bed storage, a chest of drawers and/or a clothes rail.

3. Make the most of wall space. Whether you want to build in shelves, storage, or bookcases, making the most out of the vertical space available is a great way of increasing space. Just be careful not to overdo it as it could look crowded.

What tips do you have for making a small room more spacious?

One of the reasons I love Nelson real estate so much is the variety of homes we have in this  beautiful region. Often my clients ask me for decorating tips, and when it comes to adding colour, there are some easy and accessible tricks which can brighten up any home.

Here are my 5 top tips for adding colour to your home:

1. Use colourful mirrors
A quirky and colourful mirror is one of the easiest ways to add vibrancy to a space. Positioning a mirror across from a window enables natural light to bounce around the room.

2. Use accent tables
Placing a cheerful accent table can make a big difference to a room. For more design interest, or go simple sleek lines for a modern look.

3. Flaunt your lamps
Colourful table lamps and shades is one of my favourite ways to brighten a room, yet they are often overlooked. You can mix, match and move them around the house from time to time for a fresh new look. Easy peasy!

4. Art it up
Selecting a few pieces of art, from colourful contemporary abstracts to traditional watercolour landscapes, is a great way to add a spectrum of colour - plus finding art you love is always a fun process.

5. Rug up
Area rugs are available in so many patterns and colours - they're an easy way to a add colour into your home.

What tips do you have for adding colour to your home? I'd love to hear from you - please leave your comments below. 

One of the most frequent comments I hear from buyers is that a home space looks sterile, cold or uninviting. 

Whether you're thinking about selling, or are simply wanting to breathe some new life into your home, a few simple touches could make all the difference.

Here are 5 easy ways to add warmth to your living space:

1. Warm Colours

Warm shades which complement the existing colours in the room will work wonders in adding warmth. A coat of paint, even if it's just to one wall, is the easiest way to add warmth without adding 'stuff'.

Also, think about the colour of your upholstery, linen, mats and cushions. 

Yellow, orange, red and all their shades and tones are warm. They are great at reflecting natural lighting filling the room with light and warmth. 

2. Choose natural materials. 

Natural materials, for example a rustic wooden table, woollen rugs and beeswax candles help to convey a sense of organic warmth. 

3. Decorate with nature.

Pot plants and flowers add life, making a room more inviting. 

4. Add textures.

Opt for chunky throws, nubby wool upholstery, puffy armchairs and couches adorned with cushions, or a statement metallic bowl. 

5. Use light as décor. 

Throw open the curtains or blinds during the day to maximise natural light. In the evening, a few candles or string of white lights can create a romantic, magical glow.

Remember adding warmth is not about adding clutter.

What additional tips do you have for adding warmth to a room?  

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