Stupid World

[sidecar bob]

Thats because all the overseas investors have sold their poxy bonds and bought tulips Auckland Houses..... 12% year after year

Property seems popular with these guys as an investment

And why not, negative geared, easy to borrow on, tax deductable, no capital gains.

Hon Amy Adams (National, Selwyn)

Real property
Farm property (owned by trust), Aylesbury
Bare land (owned by trust), Darfield
Bare land (owned by trust), Te Kauwhata
Commercial property (owned by trust), Templeton
Commercial property (owned by trust), Temuka
Vacant section (owned by trust), Cromwell
Residential property (owned by trust), West Melton

Kanwaljit Singh Bakshi (National, List)

Real property
Family home (owned by Bakshi Family Trust), Auckland
Investment properties (x2, owned by Kautha Trust), Auckland
Investment property (jointly held in partnership), Auckland
Investment property (owned by Bakshi Superannuation Scheme), Auckland

Hon Maggie Barry (National, North Shore)

Real property
Family home (owned by trust), Stanley Point, Auckland
Half share of an apartment (owned by trust), Wellington

Andrew Bayly (National, Hunua)

Real property
Family home (owned by trust), Karaka
Farm (owned by trust), Tuakau
Bare subdivision, Bombay, Auckland
Share of house (owned by trust), Tauranga

David Bennett (National, Hamilton East)

Real property
Dairy farms (x3), Te Awamutu
Residential property, Hamilton

Hon Paula Bennett (National, Upper Harbour)

Real property
Townhouse, Mt Eden, Auckland
House, Ōrātia, Auckland
House (jointly owned), Sunnyvale, Auckland
House (jointly owned), Henderson, Auckland

Mahesh Bindra (NZ First, List)

Real property
Family home, Hillsborough, Auckland
Rental property, Hillsborough, Auckland

Chris Bishop (National, List)

Real property
Family home (jointly owned), Petone, Lower Hutt
Rental property, Grey Lynn, Auckland

Hon Chester Borrows (National, Whanganui)

Real property
Family home (owned by superannuation scheme), Hāwera
Rental property (owned by superannuation scheme), Wellington

Hon Simon Bridges (National, Tauranga)

Real property
Family home (jointly owned), Matua, Tauranga
Apartment (in St Catherines Superannuation Scheme), Parnell, Auckland
Apartment (in St Catherines Superannuation Scheme), Central Wellington

Hon Gerry Brownlee (National, Ilam)

Real property
Property (section), Havelock, Marlborough
Residential property (beneficial interest), Marlborough Sounds
Residential properties, Ilam, Christchurch
Residential property, Bryndwr, Christchurch
Residential property, Fendalton, Christchurch

Rt Hon David Carter (National, List)

Real property
Farm property, Banks Peninsula
Farm property, North Canterbury
House, Marlborough Sounds
Apartment, Wellington

Dr David Clark (Labour, Dunedin North)

Real property
Family home (owned by Clearwater Trust), Opoho, Dunedin
Holiday home (owned jointly by Richard Clark Family Trust and Faye Clark Family Trust), Alexandra
Holiday home (owned jointly by Richard Clark Family Trust and Faye Clark Family Trust), Tairua

Hon Dr Jonathan Coleman (National, Northcote)

Real property
Residential property (owned by trust), North Shore, Auckland
Apartment (owned by trust), Wellington
House (owned by trust), Rodney

Hon Judith Collins (National, Papakura)

Real property
Family home (owned by trusts), Auckland
Beach property (owned by trusts), Auckland
Commercial and residential property (owned by superannuation scheme), Wellington
Residential property (owned by superannuation scheme), Nelson

Hon Clayton Cosgrove (Labour, List)

Real property
Home, Christchurch
House, Auckland

Jacqui Dean (National, Waitaki)

Real property
Family home (jointly owned), Ōāmaru
Rented property (owned by superannuation scheme), Ōāmaru
Holiday home (jointly owned), Moeraki
Commercial office (owned by trust), Ōāmaru
Commercial office/flat (owned by trust), Ōāmaru
Apartment (owned by superannuation scheme), Wellington

Catherine Delahunty (Green, List)

Real property
Family home (jointly owned), Thames, Coromandel
Flat (jointly owned), Point Chevalier, Auckland

Matt Doocey (National, Waimakariri)

Real property
Family home (owned by trust), Rangiora, North Canterbury
Rental property, Redwood, Christchurch
Residential property (owned by trust), Merivale, Christchurch

Hon Peter Dunne (United Future, Ōhariu)

Real property
Residential home (jointly owned), Khandallah, Wellington
Holiday home (jointly owned), Taupō

Hon Ruth Dyson (Labour, Port Hills)

Real property
Family home, Christchurch
Cottage, Akaroa

Hon Bill English (National, List)

Real property
Family home, Dipton
Farm (owned by Resolution Farms Limited), Dipton

Hon Craig Foss (National, Tukituki)

Real property
House, Waimārama
House, Aramoana
House, Havelock North
Apartment, Wellington

Hon Phil Goff (Labour, Mt Roskill)

Real property
Family home and farm property (jointly owned), Auckland
House (jointly owned), Mt Roskill
Holiday bach (jointly owned), Ōrere Point

Hon Paul Goldsmith (National, List)

Real property
Family home (owned by trust), Remuera
House (half share), Waitakere Ranges

Hon Jo Goodhew (National, Rangitata)

Real property
Family home (jointly owned), Timaru
Title to one-week timeshare (jointly owned), Wānaka
Rental property (jointly owned), Timaru
Apartment (owned by Aronui Superannuation Scheme), Wellington

Dr Kennedy Graham (Green, List)

Real property
Family home (jointly owned), Waiheke
Cottage, used as short-term rental (jointly owned), Waiheke
Apartment (jointly owned), Wellington

Hon Nathan Guy (National, Ōtaki)

Real property
Farmland, dwellings (x4) and buildings (owned by trusts), north of Levin
Family home (owned by trust), north of Levin
Bare section (jointly owned), Waitarere Beach
Rental property (owned by trust), Waikanae Beach
Rental property (owned by trust), Waitarere Beach
House (owned by trust), Thorndon, Wellington
Interests in commercial properties (x8) through Roof Above Head Superannuation Scheme’s investment in Te Waiiti Limited (Whangarei and Hastings), Volger Limited (Tauranga, Ngaruawahia, and Auckland), and Tahi Investments Limited (Auckland, Hamilton, and Porirua).

Kevin Hague (Green, List)

Real property
Family home, Greymouth
Holiday home (owned by trust), Hāhei,
Family home (owned by trust), Hamilton
Rental property (owned by company), Waiheke Island
Rental properties (x2, owned by company), Greymouth

Chris Hipkins (Labour, Rimutaka)

Real property
Residential property (owned by family trust), Trentham, Upper Hutt
Residential property (owned by superannuation trust), Raumati South, Paraparaumu

Rt Hon John Key (National, Helensville)

Real property
Family home, Parnell, Auckland
Office, Huapai, Auckland
Holiday home, Omaha, Rodney
Holiday home, Maui, United States of America

Tutehounuku (Nuk) Korako (National, List)

Real property
Rental property (owned by trust), Rāpaki, Christchurch
Family home (owned by trust), Christchurch
Apartment (owned by trust), Wellington
Interests in blocks of Māori land in Stewart Island, Southland, Otago, West Coast, Marlborough, and Wairarapa
Vacant residential sections (x2), Lyttelton

Barbara Kuriger (National, Taranaki-King Country)

Real property
Family home (owned by LS & BJ Kuriger Trusts Partnership), New Plymouth
Family home (owned by LS & BJ Kuriger Trusts Partnership), Te Awamutu
Dairy farm (owned by Shortland Farm Limited Partnership), Ōpunake
Dairy farm (owned by Shortland Farm No 2 Limited Partnership), Ōpunake
Dairy farm grazing unit (joint leasehold), Ōpunake
Apartment (owned by LS & BJ Kuriger Trusts Partnership), Wellington

Melissa Lee (National, List)

Real property
Family home, Auckland
Rental property (owned by superannuation scheme), Wellington

Iain Lees-Galloway (Labour, Palmerston North)

Real property
Family home (jointly owned), Terrace End, Palmerston North
Family home (owned by trust), Terrace End, Palmerston North
Rental property (owned by company), Wellington

Hon Peseta Sam Lotu-Iiga (National, Maungakiekie)

Real property
Family home (owned by trust), Onehunga, Auckland
Apartment (owned by superannuation scheme), Central Wellington

Hon Nanaia Mahuta (Labour, Hauraki-Waikato)

Real property
Family home, Ngāruawāhia
Rental property, Hamilton

Hon Trevor Mallard (Labour, Hutt South)

Real property
Home, Wainuiōmata
Rental property (jointly owned), Dunedin

Ron Mark (NZ First, List)

Real property
Family home (owned by trust), Carterton, Wairarapa
Numerous blocks of Māori land in Te Waipounamou, Tākitimu, Aotea, Waiariki, and Tairāwhiti
Bare land (leasehold interest), McLeans Island, Christchurch
Apartment, Petone, Wellington

Mojo Mathers (Green, List)

Real property
Home, Peel Forest Village, Canterbury, New Zealand
Holiday home, Peel Forest Village, Canterbury, New Zealand
Lamledra house (owned by trust), Gorran Haven, Cornwall, United Kingdom

Hon Todd McClay (National, Rotorua)

Real property
Family homes (x2, owned by trust), Rotorua
Holiday home (owned by trust), Pukehina
Apartment (owned by trust), Wellington
House (jointly owned), Belgium

Hon Murray McCully (National, East Coast Bays)

Real property
Holiday home (owned by trust), Whangarei District
Apartment (owned by trust), Wellington
Land (owned by trust), Rodney District
Residential property (joint ownership), Far North District

Ian McKelvie (National, Rangitīkei)

Real property
Family home (jointly owned), Whareroa, Taupō
Farm land (owned by various entities), Manawatū
Commercial property, Palmerston North
Apartment (owned by trust), Wellington

Clayton Mitchell (NZ First, List)

Real property
Family home (owned by trust), Mt Maunganui
Family home (owned by trust), Maungatapu
Family home (owned by trust), Pyes Pa
Investment property (owned by trust), Greerton
Block of shops (owned by trust), Napier
Commercial building (owned by trust), Napier

Mark Mitchell (National, Rodney)

Real property
Family home, Ōrewa, Auckland
Apartment, Thorndon, Wellington
Rental property (commercial), Pukekohe, Auckland

Sue Moroney (Labour, List)

Real property
Family home (jointly owned), Waikato
Rental property (jointly owned), Waikato
Apartment (jointly owned), Wellington
Holiday home (jointly owned), Coromandel

Stuart Nash (Labour, Napier)

Real property
Family home (owned by trust), Napier
Small commercial building (owned by trust), Napier
Apartment block (owned by private superannuation trust), Napier

Jono Naylor (National, List)

Real property
Family home (jointly owned), Milson, Palmerston North
Rental property (jointly owned), Kelvin Grove, Palmerston North
Rental property (jointly owned), Roslyn, Palmerston North

Hon Damien O'Connor (Labour, West Coast-Tasman)

Real property
Family home, Upper Moutere
Farm land, Westport

Denis O'Rourke (NZ First, List)

Real property
House, Christchurch
Apartment, Wellington

Pita Paraone (NZ First, List)

Real property
Family home (jointly owned), Howick, Auckland
Māori land (multiple owners), Ngatihine H2B Block, Bay of Islands

Hon Hekia Parata (National, List)

Real property
Rental house, Titahi Bay
Family apartment, Wellington CBD
Ngamoe block, Ruatōria, East Coast

Hon David Parker (Labour, List)

Real property
Home, Dunedin
Holiday home, Karitane, Otago
Investment property (owned in partnership), Alexandra, Otago

Dr Parmjeet Parmar (National, List)

Real property
Rental property (jointly owned), Remuera, Auckland
Rental property (jointly owned), Half Moon Bay, Auckland
Commercial property (jointly owned), Mt Wellington, Auckland
Family home (owned by trust), Eastern Beach, Auckland
Rental property (owned by Ninian Holdings Limited), Manurewa, Auckland
Rental property (owned by Nanak Deep Investment Limited), Bucklands Beach, Auckland
Commercial and residential property (owned by R P & M Parmar Partnership), Flat Bush, Auckland

Rt Hon Winston Peters (NZ First, Northland)

Real property
House, St Marys Bay, Auckland
House, Whananaki South, Northland
Land, Whananaki South, Northland

Maureen Pugh (National, List)

Real property
Family home (jointly owned), Turiwhate, West Coast
Farm (jointly owned), Turiwhate, West Coast
Rental property (jointly owned), Gold Coast, Australia

Shane Reti (National, Whangarei)

Real property
Commercial building, Whangarei
Rental property, Kohimārama, Auckland
Residential property, Whangarei

Jami-Lee Ross (National, Botany)

Real property
Townhouse, Dannemora, Auckland
House, Dannemora, Auckland
Apartment, Wellington CBD

Adrian Rurawhe (Labour, Te Tai Hauāuru)

Real property
Family home (jointly owned), Whangaehu
Interests in 26 Māori land blocks in the Aotea district
Interest in 1 Māori land block in the Tai Tokerau district
Interests in 2 Māori land blocks in the Tākitimu district
Interests in 11 Māori land blocks in the Te Waipounamu district
Interests in Waipū General Land Block, Rātana Paa

Eugenie Sage (Green, List)

Real property

Family home (jointly owned through Barcola Limited), Diamond Harbour, Christchurch
Vacant residential section (jointly owned through Barcola Limited), Beckenham, Christchurch
Rural land block (jointly owned), Buller, West Coast

Jenny Salesa (Labour, Manukau East)

Real property
Family home (jointly owned), Auckland
Rental property (owned by Praescient Limited), Auckland
Two acres of land (owned by 99-year lease), Haveluloto, Tonga

Alastair Scott (National, Wairarapa)

Real property
Family home, Kelburn, Wellington
Vineyard land (including house and winery buildings), Masterton
Beach property, Ōhope, Whakatāne

David Shearer (Labour, Mt Albert)

Real property
Family home (owned by trust), Pt Chevalier, Auckland
Rental property (owned by trust), Avondale, Auckland
Jointly owned section and house (owned by trust), Whananaki

Scott Simpson (National, Coromandel)

Real property
Family home (owned by trust), Thames
Rental property (owned by trust), Remuera, Auckland
Family home (owned by trust), Kuaōtunu, Coromandel
Land (owned by New Chums Trust), Whangapoua, Coromandel
Apartment (jointly owned by trust), Wellington

Su’a William Sio (Labour, Māngere)

Real property
House, Ōtara, Manukau
Relative’s house, Manurewa, Manukau
House, Māngere Bridge, Manukau

Stuart Smith (National, Kaikōura)

Real property
Family home (owned by the Tayler-Smith Family Trust), Blenheim
Apartment (owned by the Tayler-Smith Family Trust), Wellington

Barbara Stewart (NZ First, List)

Real property
Family home (jointly owned), Fencourt, Cambridge
Home (owned by RA Peach Estate Family Trust), Ōkiato

Fletcher Tabuteau (NZ First, List)

Real property
Family home (jointly owned), Hamurana, Rotorua
Apartment (jointly owned), Thorndon, Wellington

Rino Tirikatene (Labour, Te Tai Tonga)

Real property
Vacant land (no dwelling), Rātana Paa
Interests in various South Island Māori land blocks, North Canterbury, West Coast, South Westland, and Southland

Lindsay Tisch (National, Waikato)

Real property
Family home (jointly owned), Matamata
Apartment, Wellington
Apartment, Mt Maunganui
Interest in time share apartment, Lake Rotoiti

Hon Anne Tolley (National, East Coast)

Real property
Family home (jointly owned), Ōhope
Rental property (jointly owned), Gisborne
Shops (x4, jointly owned), Napier
Apartment (owned by superannuation trust), Wellington
House (owned by Ronnix Family Trust), Napier

Metiria Turei (Green, List)

Real property
House (jointly owned), Dunedin
Castle (jointly owned), Dunedin

Hon Nicky Wagner (National, Christchurch Central)

Real property
Family home (jointly owned), Christchurch
Apartment (owned by superannuation scheme), Wellington
Commercial property (jointly owned), Christchurch
Commercial property (jointly owned), Christchurch
Holiday home (owned by trust), Picton

Louisa Wall (Labour, Manurewa)

Real property
Family home (owned by trust), Manurewa, Auckland
Whānau home (jointly owned), Taupō
Rental property (jointly owned), Tūrangi

Meka Whaitiri (Labour, Ikaroa-Rāwhiti)

Real property
Family home, Whakatū, Hastings
Land interests in Gisborne, Hastings, and Himatangi

Poto Williams (Labour, Christchurch East)

Real property
Family home (jointly owned), Waimairi Beach, Christchurch
Apartment, Wellington
Blocks of land on Rarotonga and Manihiki, Cook Islands

Hon Maurice Williamson (National, Pakuranga)

Real property
Family home (jointly owned), Pakuranga
Holiday home (jointly owned), Pāuanui

Hon Michael Woodhouse (National, List)

Real property
Family home, Anderson Bay, Dunedin
Holiday home, Cromwell, Central Otago
Apartment, Thorndon, Wellington

Dr Jian Yang (National, List)

Real property
Family home (owned by trust), Auckland
Rental property (x3, owned by Jinjan Limited), Auckland

Jonathan Young (National, New Plymouth)

Real property
Family home (owned by trust), New Plymouth
Rental property (owned by trust), Paihia
Rental property (owned by trust), Auckland
Rental property (owned by trust), Wellington

Do you think that if the same information was available for Doctors, Lawyers, Airline Pilots & Dentists that it would read much differently?

[Voltaire]

Do you think that if the same information was available for Doctors, Lawyers, Airline Pilots & Dentists that it would read much differently?

They earn their money.

Interesting one was Winston Peters

bit of contrast...
Rt Hon Winston Peters (NZ First, Northland)

Real property
House, St Marys Bay, Auckland
House, Whananaki South, Northland
Land, Whananaki South, Northland

Next time your heading North over the Harbour Bridge and wonder who owns that big house its..


Long way from the houses of his Electorate..

Still...the only Bread Line I get in these days is for the cabitia or Bretzels

[Ocean1]

Property seems popular with these guys as an investment

And why not, negative geared, easy to borrow on, tax deductable, no capital gains.

Where does it say what the borrowings are for those properties to be geared negatively?

What's the problem with deducting costs? It's consistent with every other business practice.

And what justification is there for a capital gains tax? "Cause everyone else does it?

[sidecar bob]

They earn their money.

Interesting one was Winston Peters

bit of contrast...
Rt Hon Winston Peters (NZ First, Northland)

Real property
House, St Marys Bay, Auckland
House, Whananaki South, Northland
Land, Whananaki South, Northland

Next time your heading North over the Harbour Bridge and wonder who owns that big house its..
Long way from the houses of his Electorate..

Still...the only Bread Line I get in these days is for the cabitia or Bretzels

Yeah, I was a bit crushed that Winnie doesn't own any property in Tauranga, he lived there once & it would be providing a tidy return now if he had hung in there.
But I'm trying to work out how them investing in property is noteworthy.
They are helping to ease the rental shortage by providing rental housing & seriously, short of gambling on the sharemarkets, what else is left for the sensible investor?
They're probably a bit too smart to get duped by this kind of shit http://www.nzherald.co.nz/bay-of-ple...ectid=11008524 although I knew a couple of stoners that lost their inheritance in that one.

[Madness]

Yeah, I was a bit crushed that Winnie doesn't own any property in Tauranga.

Smart man, Winnie. Tauranga's a shit hole full of P heads.

[Voltaire]

Yeah, I was a bit crushed that Winnie doesn't own any property in Tauranga, he lived there once & it would be providing a tidy return now if he had hung in there.
But I'm trying to work out how them investing in property is noteworthy.
They are helping to ease the rental shortage by providing rental housing & seriously, short of gambling on the sharemarkets, what else is left for the sensible investor?
They're probably a bit too smart to get duped by this kind of shit http://www.nzherald.co.nz/bay-of-ple...ectid=11008524 although I knew a couple of stoners that lost their inheritance in that one.

It cold wet and miserable.... just joining in the spirit of the thread

I've got a few $ in shares....some go up, some go down, interesting to watch. Auckland Airport ones have gone up 65% in the last 12 months..... up over......$350 on it .....unfortunately the Air New Zealand ones have neutralised that.

[mashman]

Where does it say what the borrowings are for those properties to be geared negatively?

What's the problem with deducting costs? It's consistent with every other business practice.

And what justification is there for a capital gains tax? "Cause everyone else does it?

Coz everyone is trying to limit their tax liability

[Brian d marge]

Yeah, I was a bit crushed that Winnie doesn't own any property in Tauranga, he lived there once & it would be providing a tidy return now if he had hung in there.
But I'm trying to work out how them investing in property is noteworthy.
They are helping to ease the rental shortage by providing rental housing & seriously, short of gambling on the sharemarkets, what else is left for the sensible investor?
They're probably a bit too smart to get duped by this kind of shit http://www.nzherald.co.nz/bay-of-ple...ectid=11008524 although I knew a couple of stoners that lost their inheritance in that one.

Physical gold and silver .. imho


sent for a divine source

[Ocean1]

Coz everyone is trying to limit their tax liability

Which is relevant how?

Tax on income is fine, within reason. Why should anyone be expected to pay tax on expenditure? It's a bizarre concept.

[Voltaire]

Would be interesting to see what other investments other than property the MP's have.

They are always banging on about Kiwis love affair with property and not investing in income producing stuff....

[sidecar bob]

Would be interesting to see what other investments other than property the MP's have.

They are always banging on about Kiwis love affair with property and not investing in income producing stuff....

Well id definitely say that John has a fairly substantial share portfolio given his former employment.

[mashman]

Which is relevant how?

Tax on income is fine, within reason. Why should anyone be expected to pay tax on expenditure? It's a bizarre concept.

So capital gains isn't income. Gotcha.

A capital gains tax is required because common business practice is to deduct costs. So the govt gets less funding and has to borrow/levy to make up the shortfall blah blah blah. My understanding is that capital gains only comes into play when the property is sold and when money is made on the sale. Tax loopholes/exemptions are bizarre concepts.

[Banditbandit]

Do you think that if the same information was available for Doctors, Lawyers, Airline Pilots & Dentists that it would read much differently?

The point would seem to be that these people are part of the property investors group .. and therefore have vested interests .. they are completely biased towards having an increasing property market as the benefit personally and directly ..

If National increases the supply of houses, then prices will not increase as fast, maybe even drop, directly impacting on these MPs ability to make money ..

Anywhere else this would be called a "conflict of interest" and they would be disqualified from making decisions on the housing market ..

[sidecar bob]

The point would seem to be that these people are the property investors ..

Id hazard a guess that most of their voters are property owners/investors too, so maybe they are also interested in that as well, rightly or wrongly.

[Voltaire]

The point would seem to be that these people are part of the property investors group .. and therefore have vested interests .. they are completely biased towards having an increasing property market as the benefit personally and directly ..

If National increases the supply of houses, then prices will not increase as fast, maybe even drop, directly impacting on these MPs ability to make money ..

Anywhere else this would be called a "conflict of interest" and they would be disqualified from making decisions on the housing market ..

Speaking of decisions on the housing market....Seeing Nick the Prick former know nothing of ACC fame coming up here and telling us about housing makes my blood simmer.

Mind you as nice a bloke as that Andy Little is who does he think is going to build all his houses? There are no Tradies out there....other than the ones on The Block.