No benefits for renters in the 2023 Budget
The 2023 Budget has done nothing to ease the pressure on tenants as their property owners struggle with rising costs, forcing them to increase rents in order to stay financially viable.
31-05-2023 more >>
Proposed changes will benefit tenants and landlords
A large proportion of rentals in New Zealand are offered by private landlords. The State cannot house all who need accommodation and National is to be congratulated for seeing private landlords as part of the solution to the difficult housing situation in New Zealand and not the problem.
30-04-2023 more >>
Immediate improvement possible to the cost of living
Chris Hipkins could make an immediate improvement to one aspect of the cost of living.
25-01-2023 more >>
Changes to tax rules punish tenants
Tim Horsbrugh, NZPIF Executive Committee member presented to the Finance and Expenditure Select Committee last week
11-12-2022 more >>
The island with a crisis
There has been recent publicity* around the shortage of residential rentals on Waiheke Island. There, the lack of reasonably-priced rentals is seriously affecting those people who earn quite modest incomes as they work in the Islandâ€™s service industries.
21-11-2022 more >>
NZPIF members support greater stability for tenants
It is good to see that the Chief Human Rights Commissioner, Paul Hunt, is acknowledging that people who rent their homes are now moving between tenancies less often than in past years.
09-11-2022 more >>
Registration of Property Managers
Recently there have been calls for the compulsory registration of Residential Property Managers. These property managers act as middle-men between the property owner and the tenant, collecting the rent and handling any issues that may come up during the tenancy relating to the tenant's behaviour and with the property itself.
20-10-2022 more >>
Reversal of the rental tax would be great as well
There are similarities between the tax increase on superannuation fees, now reversed, and tax increases on rental property.
01-09-2022 more >>
Rent is not the biggest contributor to inflation
Chief Human Rights Commissioner Paul Hunt has called for an immediate freeze on rent increases to give renters some reprieve during the cost-of-living crisis.
16-08-2022 more >>
Selective reversal of mortgage interest deductibility does not benefit the majority of tenants
The vast majority of tenants cannot afford brand-new, high-end rental accommodation. They want well maintained, warm, dry but ultimately good value rental accommodation
12-08-2022 more >>
NZPIF supports many changes for a better rental environment
The NZ Property Investors Federation (NZPIF) is happy to support changes that make for a better rental environment. However, Tenants Action Wellington has today made outrageous demands for changes to rental laws.
28-07-2022 more >>
NZPIF launches plan to fix rental crisis
The New Zealand Property Investors Federation (NZPIF) has researched the reasons for the rental crisis and developed a five-point plan to fix it.
02-05-2022 more >>
Rent controls do not make renting easier
Associate Minister of Housing, Poto Williams, indicated today that rent controls are being considered due to high rental prices in New Zealand.
03-02-2022 more >>
Not many mega-landlords
A Sunday Star Times article today claims that New Zealand is owned by a group of mega landlords and not the mum and dad landlords owning one or two rentals.
28-11-2021 more >>
NZPIF welcomes new Privacy Commission Guidelines.
The NZ Property Investors Federation (NZPIF) welcomes the new guidelines released by the Privacy Commission. These guidelines are governed by the Privacy Act 2020 and must be followed by all private rental property providers, including property managers.
11-11-2021 more >>
Government's rental property interest deductibility details released
In March this year, the Government brought in radical changes for property investors, treating them differently from any other business by removing the ability to deduct mortgage interest as a legitimate business expense. MBIE, IRD, accountants and tax experts do not support these changes.
29-09-2021 more >>
Controversial tenant shows why 90 day notice needed
Sharyn Shepherd, also known as Hope Maree Taylor, is a convicted fraudster who has reportedly harassed her neighbours at the Otautahi Community Housing Trust complex so much that they are frightened to go outside.
26-07-2021 more >>
Reserve Bank approved to use debt to income ratios
The Reserve Bank of New Zealand has announced plans to add debt to income ratios to its tool kit to dampen investor demand for properties.
17-06-2021 more >>
Officials against rental property interest deductibility removal
Newly released information shows that in addition to Inland Revenue and Treasury, officials from the Ministry of Housing and Urban Development were unanimous in advising the Government against removing rental property mortgage interest as a tax deduction. This opposition is also supported by economists, the general public and even tenant groups who are also stating that the policy will lead to rent rises.
04-05-2021 more >>
Filling the information gap
The recent Government housing policies appear to have been implemented without much information about the likely outcomes. There was also lack of time for impact statements to be produced by Inland Revenue and Treasury.Â In order to fill the information gap, the New Zealand Property Investors Federation (NZPIF) conducted a survey to see how these changes will affect the rental property industry.
07-04-2021 more >>
New information changes the perspective
A survey of mortgage advisors by independent economist Tony Alexander has shown that the Government may have been too quick to disincentivise rental property providers.
01-04-2021 more >>
Unintended consequences of today's housing announcements
The Government today made announcements which prioritises first home buyers over renters.
23-03-2021 more >>
New Residential Tenancies Act making it harder to house people
One of the changes to the Residential Tenancies Act has been the removing the 90-day no-cause termination and the inability to give a tenant a trial period to assess their suitability.
15-03-2021 more >>
An early exit from a fixed-term tenancy could be expensive
Tenants who choose to end fixed-term tenancy agreements are discovering that they are likely to receive large bills.
06-03-2021 more >>
Removal of the no-cause 90-day termination not working
Within the last few months we have seen and heard of multiple cases, for example in Greymouth, Christchurch and Auckland, where tenants have had anti-social incidents that have resulted in either full-time security guards being placed outside houses or trespass notices being given to tenants to prevent them from disturbing their neighbours in Kainga Ora houses.
26-02-2021 more >>

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