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Make your voice heard

Landlords keen to have their say on the government’s proposed insulation and smoke alarm regulations need to do so this week.

Monday, January 25th 2016, 3:00PM

by Miriam Bell

Submissions on the Residential Tenancies Amendment Bill, which makes a number of amendments to the existing legislation, are due in on Wednesday, January 27.

The most controversial of these amendments are the proposed insulation and smoke alarm requirements which will be mandatory for all rental properties. 

Building and Housing Minister Nick Smith said the Bill aims to make homes warmer, drier and safer for the million New Zealanders who live in rental accommodation, without imposing excessive costs on landlords.

While the Bill is supported by most, the Labour Party, the Green Party, tenant advocates and some academics don’t believe it goes far enough.

Rather they think a Warrant of Fitness (WOF) for all rental properties should be introduced by the government. 

However, the NZ Property Investors’ Federation thinks the government is on the right track with its proposed insulation and smoke alarm requirements.

The costs of a comprehensive WOF for all rental properties would simply lead to increased rental prices, the NZPIF has said.

Consultation on the proposed regulations is currently taking place and is scheduled to conclude on February 11.

The consultation aims to clarify the details regarding the quantity of insulation and number of smoke alarms required, as well as the circumstances a property can be excluded from the requirements.

The discussion document can be read here, and submissions on the Bill and its proposals can be made here.

 

« Rental market favours tenantsReturns reality different to perception »

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AIA 5.35 4.49 5.25 5.55
ANZ 5.54 5.15 5.85 6.15
ANZ Blueprint to Build 2.78 - - -
ANZ Special - 4.55 5.25 5.55
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BNZ - TotalMoney 5.55 - - -
CFML Loans 6.45 - - -
China Construction Bank 5.50 5.40 6.14 6.40
China Construction Bank Special - 4.45 5.19 5.45
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First Credit Union Special 5.85 4.70 5.20 -
Heartland Bank - Online 4.00 3.85 4.70 4.84
Heretaunga Building Society 5.95 4.80 5.50 -
HSBC Premier 5.49 4.39 5.15 5.39
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.25 4.29 5.09 5.35
Kainga Ora 5.43 4.57 5.58 5.85
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 5.00 5.55 6.19 6.39
Kiwibank - Offset 5.00 - - -
Kiwibank Special 5.00 4.55 5.19 5.39
Liberty 4.84 - - -
Nelson Building Society 5.95 4.95 5.85 -
Pepper Essential 3.44 - - -
Resimac 4.59 5.60 6.16 6.29
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SBS Bank 5.29 4.69 5.35 5.49
SBS Bank Special - 4.19 4.85 4.99
Select Home Loans 4.09 4.29 4.86 5.09
The Co-operative Bank - First Home Special - 4.19 - -
The Co-operative Bank - Owner Occ 5.45 4.29 5.19 5.45
The Co-operative Bank - Standard 5.45 4.79 5.69 5.95
TSB Bank 5.59 5.14 ▼5.79 6.15
TSB Special 4.79 4.34 ▼4.99 5.35
Unity 5.65 4.80 5.50 -
Wairarapa Building Society 5.24 4.55 5.20 -
Westpac 5.54 5.09 5.79 6.09
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Westpac - Offset 5.54 - - -
Westpac Special - 4.49 5.19 5.49
Median 5.45 4.55 5.25 5.52

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