Bright-Line Rule: Average Property Gains

The table shows the average value gain of properties bought by existing homeowners between Feb 2019 and Feb 2024, and how much they would be liable for in income tax if sold under the current bright-line rule. Shown for each region and NZ as a whole the likely tax bill at 39% (for income over $180,000) and 33% (for income over $70,000 and up to $180,000).