Neighbours at risk from uncontrollable tenants Government is considering changes to tenancy law that will make it harder for rental property providers to manage unruly tenants, many of whom make their neighbours lives hell.
â€œThe NZ Property Investorsâ€™ Federation (NZPIF) is extremely concerned that more neighbourhoods will become domestic war zones, as happened in Motueka, if the right to issue no stated cause notices is removed" said Andrew King, Executive Officer of the NZPIF. 18-09-2019 more >>
Kiwibuild reset a good idea â€œThe Kiwibuild reset is a good ideaâ€ says Andrew King, Executive Officer of the NZ Property Investorsâ€™ Federation (NZPIF).
However, providing $400,000,000 of taxpayer money to get â€œup toâ€ 4,000 people into home ownership appears to be a very expensive investment. How will the lucky 4,000 be chosen and what about all the others who aspire to home ownership? 04-09-2019 more >>
Promised heating grants for tenants cancelled The Government announced today that grants of up to $2,500 for energy efficient heaters are now available as part of the Governmentâ€™s Warmer Kiwi Homes programme.
â€œWe have discovered that these grants are available to people in lower-income areas or Community Services Card holders, but only if you are a home owner," says Andrew King, Executive Officer of NZ Property Investors Federation (NZPIF). 19-07-2019 more >>
Less intrusion for tenants The NZ Property Investorsâ€™ Federation (NZPIF) is very pleased that their specialist rental property insurance supplier, Initio, has just increased for our members the required period between property inspections from three months to four. 10-07-2019 more >>
New research confirms higher number of insulation compliant rentals Officials believe a third of all rental homes won't be insulated in time for the deadline next week. However preliminary results from a NZ Property Investors Federation (NZPIF) survey show that the real number of properties which are unlikely to meet the deadline is likely to be a lot lower. 25-06-2019 more >>
The facts about the Accommodation Supplement The Child Poverty Action Group (CPAG) has called for Government to remove the Accommodation Supplement (AS) and significantly raise the incomes of all benefit recipients and low-wage workers. â€œCPAG claims that the AS keeps rental prices high however their own report disproves thisâ€ said Andrew King, Executive Officer of the NZ Property Investorsâ€™ Federation (NZPIF). 11-06-2019 more >>
Costs increasing faster than rental prices The latest Consumer Institute cost of living survey shows that general costs in providing rental property have increased faster than rental prices. In addition, wage increases were 66% higher than rental price increases. 04-03-2019 more >>
Warm, dry rentals are good Today the Minister of Housing announced that rentals which will require a minimum standard for heating, insulation, ventilation, moisture and drainage by 2024. 24-02-2019 more >>
Tax change bad news for tenants The IRD states that in NZ, tax is applied to a person's net income and there are no restrictions on loss making from any source. However the Government is introducing a Bill to just ring-fence rental property tax losses. 10-12-2018 more >>
Tenants and landlords understanding each other â€œI am heartened by recent evidence that the Government wants to help landlords and tenants understand each otherâ€™s point of view" said Andrew King, Executive Officer of the NZ Property Investors' Federation. 19-10-2018 more >>
Rental system is not broken â€œLandlords are very aware that housing in New Zealand is expensive and the CoreLogic data shows that they are doing their best to keep rental price increases as low as possible. This is completely opposite to the commonly held view that rental property providers are profiting at the expense of tenantsâ€, says Andrew King, Executive Officer of NZ Property Investorsâ€™ Federation (NZPIF) 20-09-2018 more >>
Rents haven't been outpacing property costs or peoples wages CoreLogic research analyst Kelvin Davidson writes:
Residential property investors are clearly under the pump from the government at the moment, facing increased costs and regulatory pressures, including higher quality standards (e.g. insulation), increased tenant rights, and pending removal of negative gearing. 19-09-2018 more >>
Rental property WOF The Green Party has today relaunched a campaign to introduce a rental property Warrant of Fitness. 08-09-2018 more >>
Proposed standards need to be cost effective Government has released proposed standards for their Healthy Homes Guarantee Bill. This covers improved standards to rental properties that are additional to the rental property Minimum Standards Act that was passed in 2016. 04-09-2018 more >>
A landlord's wish list â€œGovernment has outlined changes they want to undertake to help tenants, but the NZ Property Investors' Federation (NZPIF) would also like to see changes to help those providing rental properties,â€ says Andrew King, Executive Officer of the NZPIF. 27-08-2018 more >>
The correct facts about tax and rental properties Westpac Economist, Dominick Stephens, says that property is more lightly taxed in NZ compared to other assets. He quotes a Tax Working Group study to make this claim. However financial consultants Morgan Wallace found large errors in the Groupâ€™s study and concluded that rental property is actually taxed more than other assets. 19-06-2018 more >>