About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, January 21st, 9:53AM
rss
Latest Headlines

NZ First wants law reviewed

New Zealand First is calling for a review of the Residential Tenancies Act.

Tuesday, April 8th 2014, 12:00AM

by The Landlord

It says it wants to put a stop to the exploitation of people forced to pay excessive rents.

Associate housing spokeswoman Lea’ufa’amulia Asenati Lole-Taylor said: “On a recent trip to Christchurch I met a family paying $395 to share one bedroom in a property which was housing four other families, and all were required to share a kitchen and bathroom facilities.

“Landlords are stretching their rights by overcrowding their properties and overcharging rent. While most landlords are fair there are some who exploit tenants.”

She said market rents did not always match the type of property or its condition. But tenants sometimes did not have a choice.

“Moving is not always an option as often there is no cheaper accommodation on the rental market. How can families get ahead when some are being forced to use more than half their income on rent before they’ve even thought about other bills and expenses?  They feel like they are in quicksand.”

She said a review of the RTA was needed to ensure that it was fair for the landlord and the tenant.

Meanwhile, the party’s leader, Winston Peters, said at the weekend that a restriction on sales of houses and farms to foreign buyers was a bottom line for NZ First.

“We know that there are a lot of properties being sold to foreign interests. We know of cases in Auckland where buyers are obtaining multiple titles and are being financed with very low interest rates by banks based in China. Throughout history, foreign ownership of property has caused serious problems. In New Zealand we have a disaster in the making,”  he said.

“No other country has such open ended rules over property ownership. Thousands of New Zealanders are forced to live in sub-standard houses while people stepping off a plane can grab any number of properties. This has to be stopped forthwith. Many of the overseas owners are involved in property speculation in the Auckland market, driving up prices and creating a serious shortage of homes for young families starting out.”

 

« Outlook good for rent rises: CrockersWOF costs a concern: NZCPR »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • PAA: GST return delayed wind-up
    “Just before anyone gets too excited by Fred's comments, the Trustees are not remunerated or reimbursed for expenses. All...”
    16 minutes ago by Mr Slater
  • Female advisers put off by boozy networking
    “I'm pretty sure that I would have failed a High School Statistics project if I submitted these findings based on "32 in-depth...”
    19 hours ago by Rachelle Bland
  • Female advisers put off by boozy networking
    “I strongly disagree with the comments made here. Firstly it ignores the fact that women represent at least a 50% market...”
    24 hours ago by MediCare
  • Female advisers put off by boozy networking
    “Although probably not a good litmus test on the subject of female participation in financial services, I was amazed at the...”
    1 day ago by John Milner
  • Partners Life criticises Vitality
    “bay broker good points but I get the point about premiums increasing when sick. I have Vitality personally and I have qualified...”
    4 days ago by taka dan
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 4.05 4.49
ANZ Special - 3.55 3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank 5.20 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 3.45 3.89
Sovereign 5.30 3.89 4.05 4.39
Sovereign Special - 3.39 3.55 3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.19 4.35 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.55 3.99
Median 5.34 3.99 4.07 4.39

Last updated: 8 January 2020 3:37pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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