tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, April 19th, 6:45PM

News

rss
Latest Headlines

Rental warrants examined by minister

National’s new housing minister is looking into the possibility of a “warrant of fitness” for rental properties.

Monday, March 25th 2013, 12:00AM 3 Comments

by The Landlord

The idea has been championed by the Green Party and was backed up last year by an advisory group on child poverty, which found almost three-quarters of impoverished children were living in rental properties.

The Greens had called for such a scheme to enforce minimum standards for heating, light and insulation, and for properties to be inspected regularly.

Housing Minister Nick Smith said Housing New Zealand would have to bring its properties up to standard before it put demands on the private sector.

But he had asked his officials to do some groundwork on a warrant of fitness scheme for all rental properties.

The New Zealand Property Investors Federation has said that such a scheme would be costly and force landlords to hike rents.

President Andrew King said:  "It's not so much a daft idea but it's an unnecessary idea. A lot of the things that are covered by a warrant of fitness are already in other acts like the Health and Safety Act… it would just be a duplication."

« REINZ sells headquartersFree Investment Property Showcase Events: Auckland, Wellington and Christchurch »

Special Offers

Comments from our readers

On 29 March 2013 at 11:45 am Andrew said:
"...almost three-quarters of impoverished children were living in rental properties"

And 90% of them are in state rental properties. I won't have beneficiaries in my property anymore because my experience has shown me they're more trouble than they're worth.
On 11 April 2013 at 4:56 pm lorraine said:
Where has the Minister been living? Does he not know that this will put more obligations on Landlords. All the ones that I have talked to do not make any money out of the rentals they have - this will just make things harder. Also, there is no way that I would have beneficiaries living in any of my rentals after my first (and last) beneficiary tenant in my first rental. HNZ should clear up their own backyard first and get pinged by the Minister, not private landlords. We are doing a SOCIAL SERVICE, after all, everyone needs someone to live, I just don't want more red tape than I already have thank you very much Mr Minister.
On 1 June 2013 at 8:09 am paul brandt said:
I agree my property managers put there foot on bad tenants and fix or get rid off them. Now have great tenants.I have lived in areas with high HNZ housing and seems like its anything goes. Tenants are wreaking houses and suspect managers are scared to steep in or don't care, not there property. Ruins entire streets and suburbs.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.75 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.75 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 8 April 2024 9:21am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com