Articles tagged with 'rental market'
Higher rents for fewer rentals
12 October 2023 - Rents in Northland, Marlborough and Auckland have skyrocketed in the past year, up between 10-14%, Trade Me’s latest rental price index shows.
Fresh highs for rents
22 June 2023 - Median asking rents across the country hit $610 a week last month, another high this year.
Work from home lifts rents in outer suburbs
1 May 2023 - Early evidence shows working-from-home has reshaped the urban rental market structure.
Rents reach all-time weekly highs
29 March 2023 - Median weekly rents across the country reached a record high of $600 in February, the latest Trade Me data show.
One change could help renters’ cost of living crisis
31 January 2023 - Whether international students, immigrants and short-term workers from overseas arrive in big numbers this year will determine the rental market for landlords.
Rent increases slow
26 January 2023 - Rent increases slowed down significantly last year when compared to 2021, the latest Trade Me rent index shows.
Traction on plans to fix rental crisis
21 November 2022 - The Property Investors Federation (NZPIF) has gained some political traction on its proposals to fix the rental crisis.
Slow down in average Auckland rents
1 November 2022 - Auckland’s average weekly rent in Auckland rose by just half a percent during the third quarter of this year, reaching $626.08 at the end of September, up $3.64 on the average at the end of June.
Auckland rents at a standstill
21 October 2022 - Auckland’s median weekly rent for residential property has not moved in six months, while the number of rentals has skyrocketed.
Rent freeze suggested to private landlords’ surprise
17 August 2022 - The Human Rights Commission wants an immediate freeze on rent increases and an increase in the accommodation supplement because of the cost-of-living crisis.
Rental prices inch up; property sales slump to new low
8 August 2022 - Auckland’s average weekly rent rose by $6.12 (or 1%) to $622.44 per week for the quarter ending June.
Rental market turning on landlords
22 July 2022 - The slump in the housing market is making it difficult for landlords to find good tenants.
Rental supply spikes while demand dwindles
4 July 2022 - A big turnaround has hit the previously buoyant residential rental market.
Rents rise and rise
23 May 2022 - Rents charged by residential landlords in most parts of Auckland has risen by about 3% year-on-year to hit $616.32 a week, figures to the end of March show.
Massive housing shortage turning but rental crisis looming
12 May 2022 - Westpac expects Auckland’s housing shortage to be wiped out by the end of next year. Across the rest of the country it will take four to five years.
Investors federation has plans to fix rental crisis
3 May 2022 - Changes to the rental housing industry, while intending to improve opportunities, have made renting much worse for tenants and the New Zealand Property Investors Federation has a five point plan to fix it.
Skyrocketing rents matching record inflation
27 April 2022 - Rents around the country are rising at the same rate of record inflation and hit a median of $575 a week in March.
Areas that are cheaper to buy than rent dwindling
6 October 2021 - There are still several areas of New Zealand where paying a mortgage is cheaper than renting, but a lot fewer than a year ago.
New builds: 20-year exemption from tax changes
28 September 2021 - New builds will be exempt from the Government’s tax deductibility rules for 20 years, irrespective of who the owner/s are over that period.
Rents remain at all-time highs
17 September 2021 - Nationally rents remained at an all-time weekly high of $550 in August despite the country entering a nationwide lockdown.
Record rent increases
28 August 2021 - Rents across the country jumped by 10% in the year to July.
[Opinion] How investors could solve the housing crisis
12 July 2021 - Simon Angelo of Wealth Morning has a bold plan to fix the shortage of rental properties in NZ.
New homes under threat from overstretched construction sector
12 May 2021 - While the unemployment rate has fallen to 4.7% it could have an outsized risk for new home building.
Investors – up and down
3 May 2021 - About 63% of property investors – about 182,219 taxpayers – have an average profit of $14,000 a year, but those who have substantial debt – abut 107,530 taxpayers – have losses of about $9,000 a year.
Rents skyrocket again
25 April 2021 - Rents hit an all-time high last month increasing 6% to a median of $540 a week.
The year for property politicking
25 March 2021 - Political pressure on the Government to “do something” about the housing market means 2021 will be remembered as the “year of property politics”, says CoreLogic senior economist Kelvin Davidson.
Tribunal divvies up blame in maintenance ruling
6 November 2020 - New Zealand’s aging housing stock and tradition of informal landlord-tenant relationships have the potential for complex disputes where fault lies with both parties – as illustrated by a recent Tenancy Tribunal ruling.
Most expensive rental region a surprise
30 October 2020 - Think that rents in the Super City or the Capital are the highest in the country? Well, you’d be wrong. It’s Porirua which is the costliest district to rent in.
Dunedin in demand
29 October 2020 - A supply and demand imbalance together with improved housing stock mean Dunedin’s values are on the rise, writes Joanna Jefferies.
Education for landlords by landlords
23 October 2020 - Self-managing landlords are signing up in droves for the NZ Property Investors Federation’s new education programme which aims to help landlords run their properties like professionals.
Are returning Kiwis really a market driver?
6 October 2020 - Returning New Zealanders have been touted as a major driver of housing demand going forward, but some think the flood has ended – and that will impact on the market.
Tenancy reforms, tax changes would go under National
5 October 2020 - Getting rid of the Government’s tenancy law reforms and tax changes that impact on rental property owners are a key feature of the National Party’s new housing policy.
Big damage pay-out awarded to landlord
5 October 2020 - Tenant liability for damage has long been a fraught issue but a new Tenancy Tribunal case shows that damage rulings can sometimes favour a landlord.
Labour plans to regulate property managers
2 October 2020 - Property managers will be regulated and subject to a Code of Conduct to ensure they meet professional standards if the Labour Party returns to power after the election.
Wairarapa on the move
30 September 2020 - A tight rental market and low sales stock mean Wairarapa’s property market is on the up, writes Joanna Jefferies.
Healthy Homes standards: to back or to scrap?
28 September 2020 - Landlords are divided over Barfoot & Thompson’s recent call to the National Party to hold fire on their plans to overturn the Healthy Homes standards if elected.
New renters' guide for tenants
23 September 2020 - Far too many tenants are not aware of their obligations around their rental property so a new guide aims to spell out what they need to know and do.
Growth halts for Capital rents
22 September 2020 - Wellington rents – which have long seen the strongest growth in the country – stalled in August for the first time in five years, new Trade Me Property data reveals.
Call for rent caps after freeze ends
21 September 2020 - Rents are set to go up for many as the Covid-19 prompted freeze on rent increases comes to an end later this week, but tenant advocates are now calling for rents to be capped.
Ex-partner’s behaviour not a tenancy breach
15 September 2020 - Tenant responsibility for the behaviour of other people on the premises can have limits depending on the circumstances, a new Tenancy Tribunal ruling indicates.
Moving rent tech out of the past
2 September 2020 - Recent tenancy law changes mean residential landlords will need to stay firmly on top of their rent collection processes – and a newly launched app aims to help them do that.
Consents no longer needed for low-risk work
31 August 2020 - Good news for those wanting to add a sleep-out, shed or carport to a property: today’s the day that consents are no longer needed for low-risk building work.
Online rent talk attracts ComCom attention
31 August 2020 - Think it’s okay to post about increasing rents on social media? Well, think again. That’s the warning contained in a Commerce Commission letter sent to property investor representatives last week.
Steady Southern star
31 August 2020 - Covid-19 and the closure of Tiwai Point might pose some challenges for Invercargill but the southern city’s market still has a lot to offer investors, writes Miriam Bell
No rent growth for first time in three years
25 August 2020 - The gap between the supply of available rental properties and demand for them is closing and that means rental growth is slowing.
Routine inspection pays off
24 August 2020 - Meth contamination was just one of the breaches uncovered during a routine property inspection that led to a firm Tenancy Tribunal ruling in favour of the landlord.
Changes to RTA now in force
19 August 2020 - The Government’s controversial tenancy law reforms are now law after the Residential Tenancies Amendment Bill 2020 received Royal Assent on 11 August 2020.
Greens propose more landlord regulations
10 August 2020 - Rental Warrants of Fitness. Licensing for landlords and property managers. They are ideas long held dear by the Green Party and, sure enough, they both feature in the Green’s new housing policy.
Persistent RTA breaches cost landlord
6 August 2020 - Ongoing disregard for her obligations under residential tenancy law has resulted in a hefty fine for a notorious Christchurch landlord.
New rental laws will have unexpected outcomes
6 August 2020 - Watch out – some of the tenancy reforms now set to become law will have unintended consequences and cause more harm than good, REINZ is warning.
Radical tenancy reforms now law
5 August 2020 - Shock and dismay. That’s what landlords around New Zealand are feeling after Parliament passed the Government’s controversial tenancy law reforms into law late Wednesday.
The final countdown
1 August 2020 - This week was supposed to see the second reading of the Residential Tenancies Amendment Bill in Parliament. That didn’t come about. So what happens now?
Queenstown rents take a nosedive
31 July 2020 - Covid-19 has hit the Queenstown rental market hard, with new data showing that rents in the holiday hotspot have plummeted by 28% on June last year.
COMMENT: It’s not all doom & gloom
30 July 2020 - Uncertainty still casts its shadow over the property market but there are factors that could see a brighter outlook than some expect, writes CoreLogic's Kelvin Davidson.*.
Opposition to RTA overhaul rages
28 July 2020 - The Government’s controversial tenancy law reform proposals look set to hit Parliament today, but opponents say it would be a big mistake for MPs to pass them into law.
Crunch time for tenancy law reforms
27 July 2020 - The Government’s tenancy law reforms are up for their second reading in Parliament this week – and landlord advocates are urging people to contact MPs with their concerns before midday Tuesday.
Partner’s residence breached tenancy agreement
20 July 2020 - More people living in a rental property than allowed under the tenancy agreement is a common problem, but a recent Tenancy Tribunal ruling demonstrates why landlords should address this issue.
COMMENT: Disappointment with the RTA Bill
13 July 2020 - The NZ Property Investors’ Federation is disappointed only minimal changes made to the Residential Tenancies Amendment Bill.
Select Committee green lights tenancy law reforms
10 July 2020 - Extreme disappointment is the response of property professionals to the Select Committee report on the Government’s proposed tenancy law reforms which was released this week.
COMMENT: A call to arms
7 July 2020 - Concerned about the Government’s tenancy law reforms? Well, there is now less than a week to speak up about them - so NZ Property Investor editor Miriam Bell urges landlords to make their views heard.
Why the future is not bleak for the housing market
3 July 2020 - Uncertainty continues to cast its shadow over the housing market but economist Tony Alexander has put together a list of reasons which offset the negatives and mean the market remains well-supported.
COMMENT: Are Airbnb hosts in breach of the RTA?
30 June 2020 - Landlords could be using short term booking sites like Airbnb in an attempt to contract out of the Residential Tenancies Act, but by doing so they are exposing themselves to substantial risk and possible rent refunds, writes property management consultant David Faulkner.
Apartment views
29 June 2020 - Using apartments for short-term rentals or for foreign students has been a popular option for investors but, in the wake of Covid-19, what will happen to apartment markets around New Zealand? Miriam Bell investigates.
COMMENT: Don’t discount migration as a demand driver
26 June 2020 - There are reasons why we shouldn’t completely ignore migration as a continued support for property, CoreLogic’s Kelvin Davidson* explains…
SuperCity yields improving
25 June 2020 - Investors take note - record low mortgage rates mean the yields on Auckland rental properties are starting to look more attractive.
What’s going on in the rental market
25 June 2020 - There’s been a big increase in rental supply in some of New Zealand’s tourism hotspots, according to Trade Me Property’s latest rental data.
Mould complaint doesn’t warrant reduced tenancy term
23 June 2020 - Many landlords are concerned the Tenancy Tribunal tends to favour tenants but one recent decision shows that’s not always the case.
Tenancy termination ban lifted
18 June 2020 - The end is nigh for emergency tenancy measures introduced during the Covid-19 lockdown with the Government today confirming the measures won’t be extended.
Southland comes up trumps for investors
17 June 2020 - Investors keen to pick up a good deal should look south as a new REINZ report shows that Southland is, once again, the country’s highest performing region for residential property investors.
Wind up emergency tenancy provisions now - REINZ
12 June 2020 - Emergency tenancy provisions introduced because of Covid-19 are now doing more harm than good so it’s time to bring them to an end, the Real Estate Institute says.
Trading NZPIF places
12 June 2020 - It’s a case of trading places at the NZ Property Investors’ Federation now that it’s been announced that long-serving executive officer Andrew King has taken up the role of president.
Level one: the new normal
11 June 2020 - New Zealand is a few days into alert level one and that means the residential property sector is seeing some changes as we all adjust to the “new normal”.
What lockdown meant for landlords’ finances
8 June 2020 - Many landlords were financially affected by the Covid-19 lockdown with nearly 50% seeing a reduced income, according to a new NZ Property Investors Federation (NZPIF) survey.
COMMENT: Will level one mean level one for residential landlords?
7 June 2020 - Cabinet is considering a move to alert level one tomorrow, so does that mean it will all be back to normal for New Zealand's 290,000 rental property owners and managers, Tenancies War spokesman Mike Butler* asks.
Compliance statement deadline extended
2 June 2020 - There’s some relief for struggling landlords with the announcement today that the Healthy Homes Compliance Statement deadline has been extended for an additional five months.
Holiday hotspots: what lies ahead?
29 May 2020 - Tourism has been one of the industries hardest-hit by the Covid-19 crisis, so Miriam Bell looks into what that means for the regional property markets that are reliant on it.
Resilience needed in face of change
28 May 2020 - The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
COMMENT: Housing supply increase is being hampered
22 May 2020 - The much-needed increase in housing supply is being hindered by new legislation relating to rental properties, warns NZ Property Investors Federation executive officer Sharon Cullwick.
Downward pressures might push investors out
21 May 2020 - There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.
Rent arrears end tenancies in lockdown
20 May 2020 - The Covid-19 crisis saw the introduction of emergency rules which make it harder to terminate tenancies, but a recent Tenancy Tribunal ruling shows that racking up rental arrears can still mean the end of a tenancy.
Rent increase freeze to change the market
19 May 2020 - Lockdown restrictions made for an inevitable slow down in the rental market in April but Trade Me Property’s new data highlights questions over the future direction of the market.
Navigating level two: what landlords need to know
18 May 2020 - With around 95% of businesses now back at work and children returning to schools today, New Zealand is now fully ensconced in alert level two. So what does that mean for residential landlords?
How Budget 2020 supports the housing market
14 May 2020 - Was Budget 2020 transformational? Experts are debating that now but, whether or not it turns out to be, it does provide some support for the residential property market going forward.
Budget 2020: Social housing boost
14 May 2020 - Rebuilding New Zealand post-Covid-19 was, as promised, the focus of Budget 2020 - and it turns out that includes the roll-out of a big social housing building programme.
COMMENT: Which property markets are most vulnerable?
13 May 2020 - In the coming months, all parts of the country are likely to feel some degree of property pain, but CoreLogic’s Kelvin Davidson* has taken a look at which areas might be hardest hit.
Elephant in the room at level two
12 May 2020 - It’s official: New Zealand will be moving to alert level two by Thursday and thousands of workers will be returning to work, but issues remain for the commercial property sector.
Investors expect road ahead to be tougher
8 May 2020 - Most investors believe that conditions will get harder for property investors over the next year but not just because of the Covid-19 crisis, a new survey by NZ Property Investor has found.
Real estate in level two
7 May 2020 - Open homes. Rental viewings. Auctions. They look to be on the cards again soon, with the country heading towards alert level two.
Contactless solution for rental viewings
4 May 2020 - Rental viewings are once again possible but in a post-lockdown world they have to be run very differently - and a new property tech solution could be the answer.
Majority of MPs qualify as property investors
1 May 2020 - It’s impossible to ignore New Zealanders’ love for property as an investment – and this is highlighted by the holdings of our MPs, a majority of whom qualify as multiple property owners.
Insurance FAQs for uncertain times
1 May 2020 - COVID-19 is set to be with us for many months ahead, so the Insurance Council of New Zealand has answered some commonly asked questions for landlords…
What alert level three means for landlords
29 April 2020 - New Zealand has now moved out of alert level four lockdown to alert level three and that means a few less restrictions for residential rental property owners. Here’s some guidance on what the new rules are…
Rental market showing signs of life again
23 April 2020 - Covid-19 bought New Zealand’s rental market to a standstill but recent activity on Trade Me Property suggests tenants are starting to return to the market.
Private property viewings allowed under level three
23 April 2020 - The property market has received a boost after Housing Minister Megan Woods confirmed that private viewings will be allowed under alert level three.
COMMENT: The rental housing conundrum
20 April 2020 - Still simmering away below all the Covid-19 virus activity is the Government’s “reform” of the Residential Tenancy Act and that’s something we should all be concerned about, writes Auckland Property Investors Association vice-president Peter Lewis…
COMMENT: The ongoing fight for landlords’ rights
18 April 2020 - Proposed changes to tenancy law have left landlords fighting to retain the right to end difficult tenancies while students are fighting for the right to party, reports NZ Property Investors Federation executive officer Sharon Cullwick.
Life at level three for residential landlords
17 April 2020 - It won’t be a full release from lockdown but moving to alert level three will mean businesses that can operate safely will be able to reopen. So what does that mean when it comes to residential property?
One in five tenancies could fall into arrears
14 April 2020 - The Covid-19 crisis will result in greater falls in rents and higher default rates in regions, or suburbs, with higher rents, according to property management companies.
Tenancy reform Select Committee hearings to go ahead
7 April 2020 - The Covid-19 lockdown may have put a halt to most Parliamentary business but not, it turns out, to the progress of the Government’s controversial tenancy law reforms.
Lockdown market sentiment
6 April 2020 - Caution might dominate property sector participants’ takes on the market, but independent economist Tony Alexander’s latest polling reveals that not all investors are taking a step back.
How the lockdown is affecting landlords
3 April 2020 - It’s not just tenants who are feeling the impact of the Covid-19 lockdown – residential landlords are too, with a new survey showing that the personal income of 59% of them has been affected.
South Auckland skyrockets - pre-lockdown
31 March 2020 - [THIS REGIONAL REVIEW FEATURES IN THE MARCH ISSUE OF NZ PROPERTY iNVESTOR, PUBLISHED LONG BEFORE THE COVID-19 LOCKDOWN] The South Auckland market is hot on the heels of Central and West Auckland, with investors and first home buyers flocking to the auction rooms, writes Joanna Jefferies.
Moving properties during COVID-19 lockdown
30 March 2020 - Confused about whether tenants can move properties during the lockdown? If so, you’re not alone – so Tenancy Services has now released some advice around the issue.
Landlords’ plea: don’t unfairly target us
27 March 2020 - There are growing concerns among many landlords about unreasonable expectations from tenants, and the Government, in relation to rent during the lockdown.
Emergency rules boost tenant protections
25 March 2020 - Landlords can't raise rents or evict tenants, expect in specific situations, during the Covid-19 lockdown – but tenants do have obligations too.
Covid-19 crisis: what landlords need to know
25 March 2020 - [UPDATED] The Covid-19 crisis means that New Zealand is now in a State of National Emergency and the nationwide lockdown begins tonight.
COMMENT: Property from the trenches
24 March 2020 - Covid-19's major impact on New Zealand's economy means job losses and that has implications for landlords. Veteran investor Debbie Van Den Broek offers some suggestions on how landlords can weather the storm.
Freeze on rent rises introduced - temporarily
23 March 2020 - The Government has introduced a freeze on rent increases on residential rental properties as part of the economic measures announced in the fight against Covid-19 and its impacts.
Put RTA reform proposals on ice
23 March 2020 - Now is not the time for the Government to push through its proposed tenancy law reforms, property market players say.
How to address tenant job loss in the age of coronavirus
20 March 2020 - Compassion should be key to how landlords deal with tenants affected by coronavirus job losses but, ultimately, they are running a business and still need to pay their mortgages.
Battle against RTA reforms continues
18 March 2020 - Coronavirus might be dominating the headlines but investor advocates are urging landlords not to forget about the threat posed by the proposed reforms to tenancy law.
What coronavirus means for property investors
16 March 2020 - Welcome to Fortress New Zealand. The coronavirus crisis means that strict travel bans are now in force and a recession is expected. So what does that mean for property investors going forward?
Get on top of boarding house rules
11 March 2020 - There’s a fair bit of uncertainty around boarding houses and Tenancy Services is warning landlords they need to know the law around this area.
National would ditch proposed rental regulations
9 March 2020 - The Government’s controversial tenancy law reforms would be among the first regulations National would throw on to the regulations “bonfire” it is planning if elected.
Failure to lodge bonds earns major penalty
6 March 2020 - A Tauranga property management company has been ordered to pay $16,417 for failing to lodge bonds within the required timeframe on multiple occasions.
On the brink of a crisis
3 March 2020 - Proposed tenancy law changes, which come in an environment of rental shortage, are on the brink of creating a low socioeconomic rental crisis.
Removal of no-cause notice opposed by 45% of tenants
2 March 2020 - It’s not just landlords who are opposed to the removal of the no-cause 90-day notice: a new REINZ survey reveals that close to half of tenants are too.
COMMENT: Act against radical tenancy changes
2 March 2020 - New Zealand’s 290,000 rental property owners should resist radical changes to the Residential Tenancies Act both by submission and by their vote in this year’s election, argues Tenancies War spokesman Mike Butler.
Tenancy reform submissions due March 25
26 February 2020 - Worried about the government’s tenancy law reforms? You’d better speak up soon because there’s under a month to make a submission on the legislation.
The cost of overstaying tenants
26 February 2020 - Getting tenants to leave a rental property at the end of a tenancy can be problematic. Here’s a new Tenancy Tribunal ruling which serves as yet another example.
RTA reforms pile pressure on landlords
24 February 2020 - Less rental properties and higher rents could result from the reforms contained in the Residential Tenancies Amendment Bill, both Opposition MPs and government officials are warning.
Full steam ahead for tenancy reforms
21 February 2020 - Landlords won’t have long to have their say on the government’s tenancy law reform proposals after Parliament voted that the Select Committee dealing with the legislation should report back by 22 June.
Tenancy reform bill hits Parliament
17 February 2020 - Controversial tenancy law reforms, in the form of the Residential Tenancies Amendment Bill, were introduced into Parliament on Monday and property industry players are not happy about it.
Government brokers to match landlords with tenants
14 February 2020 - A newly established housing broker service will be reaching out to private landlords to get them on board to support the government’s $300 million homelessness action plan.
Rental contaminated, not damaged by meth
11 February 2020 - Establishing meth contamination of a rental property, and working out the penalties for any damage, can be a complex business these days - as a recent Tenancy Tribunal decision illustrates.
SuperCity rents moving up - slowly
31 January 2020 - Auckland rents may be high but they’re not going up at the rate often suggested, with new data showing rental prices rose more slowly in 2019 than in previous years.
New Plymouth possibilities
31 January 2020 - Despite the proposed regulation of short-term rentals, New Plymouth still has great opportunities for investors.
Getting heating right
24 January 2020 - Heating requirements for rental properties are currently a source of confusion for many landlords and property managers so REINZ has issued a reminder of what is required.
Demand for rentals running hot
23 January 2020 - Rents are set to rise to record highs as new Trade Me Property data shows demand for rental property nationwide has continued to grow.
Evidence needed to support Tribunal claims
13 January 2020 - Landlord concerns about tenants angling for legal compensation for problems with their rental properties might be allayed a little by a recent Tenancy Tribunal ruling.
Hot demand in Hawke’s Bay
31 December 2019 - A severe housing shortage in Napier and Hastings means house values and rents are on the rise, writes Joanna Jefferies.
The perils of leaving insulation late
23 December 2019 - Leaving the insulation of a rental property for too long after the July deadline and then entering the premises without consent has earned some Auckland landlords a penalty of over $1,000.
Bachcare convicted of misleading consumers
20 December 2019 - Misleading consumers – via the editing and withholding of online reviews - has earned holiday rental accommodation company Bachcare a conviction and a hefty fine.
Wellywood on the rise
29 November 2019 - Wellington Central property is in high demand, despite challenges faced by the apartment market, writes Joanna Jefferies.
COMMENT: Unlawful premises – moving past Anderson v FM Custodians
26 November 2019 - Curious about the law around the use of non-residential property for residential purposes? Auckland Property Investors Association member Kristine King* explains the situation now that there’s new legislation in place.
Pre-summer pick up for rental market
22 November 2019 - The rental market is heating up for summer with both tenant demand and rents on the rise around the country, new Trade Me data suggests.
COMMENT: Removing 90-day notices - the impacts
20 November 2019 - Being a successful landlord is all about managing risk but getting rid of “no cause” 90-day’ notices means risk will skyrocket, argues NZ Property Investor Federation executive member Brian Kerr.
Key reform will only protect bad tenants
18 November 2019 - Getting rid of “no cause” termination notices only serves to protect bad tenants and will have a negative impact on the broader community, not just landlords, according to landlord advocates.
Changes to RTA announced
17 November 2019 - The Government announced its long awaited tenancy law reforms on Sunday and they mean that landlords will no longer be able to get rid of tenants without reason.
More than fair “wear and tear”
12 November 2019 - Proving tenant liability for damage has long been a major worry for landlords but a recent Tenancy Tribunal ruling shows that it can be done.
The getting of wisdom
11 November 2019 - Landlords concerned about the increasing amount of rules and regulations it’s necessary to comply with can now get training to help them out.
COMMENT: The truth about tenancy terminations
5 November 2019 - The Government wants to get rid of “no-cause” tenancy terminations. Auckland Property Investors Association vice president Peter Lewis explains why that is a bad idea.
Smaller properties, better rent growth
29 October 2019 - Two-bedroom properties and central city apartments are seeing the strongest growth in rents in the Auckland region, new Barfoot & Thompson data reveals.
Strong meth suspicions call for testing
21 October 2019 - Panic around the meth contamination of rentals has diminished, but a Tenancy Tribunal decision reinforces that landlords still have an obligation to test properties when contamination is suspected.
Surge in rental demand in Palmerston North
18 October 2019 - Palmerston North’s rental market is running hot with enquiries about rental properties skyrocketing up by 50% year-on-year in September, new Trade Me Property data shows.
New ring-fencing rules in play
11 October 2019 - Landlords - don’t forget about the Government’s changes to the rules around the ring-fencing of rental losses as they are now in force, Inland Revenue is warning.
Property investing with $100
11 October 2019 - No rate cuts to report this morning. Over on TMM Online's Property News section, we report the FMA has given the green light for investors to...
Green light for property investment crowdfunding
9 October 2019 - The Financial Markets Authority (FMA) has approved a secondary market for The Property Crowd and that enables the residential property crowd funder to relaunch its trading platform.
COMMENT: Getting to grips with tenancy disputes
7 October 2019 - Widespread ignorance of tenancy law is behind current representations of residential tenancy disputes which feature tenants as victims, writes Auckland Property Investors Association vice president Peter Lewis…
Airbnb room rental not bylaw violation
4 October 2019 - Renting a spare bedroom on Airbnb was a breach of the tenancy agreement but it did not constitute an unlawful act - under a local body by-law - by the tenant, the Tenancy Tribunal has found.
Westside fortunes
30 September 2019 - Major developments and comparatively affordable prices mean West Auckland is primed for future growth, writes Miriam Bell.
Bad behaviour behind most 90-day notices
27 September 2019 - Getting rid of “no cause” terminations won’t benefit good tenants but it will help bad tenants - as most 90-day notices are due to poor tenant behaviour, landlords are warning.
Rents ramp up in Capital’s tight market
25 September 2019 - Limited supply and strong demand mean that Wellington rents are, once again, on a par with Auckland’s rents, according to Trade Me Property’s new rental data.
Govt must regulate property managers - REINZ
25 September 2019 - REINZ has stepped up its campaign to introduce national regulation for property managers with the launch today of a new website devoted to the cause.
Lodge bonds or expect a penalty
23 September 2019 - Failure to lodge multiple tenancy bonds has earned another Auckland landlord a hefty penalty from the Tenancy Tribunal – and prompted a general warning to landlords.
COMMENT: How much is too much
5 September 2019 - New regulations around rental properties mean that being a landlord is becoming increasingly unattractive. Auckland Property Investors Association vice president Peter Lewis asks how much is too much…
Rent-to-buy scheme key to KiwiBuild II
4 September 2019 - It’s still KiwiBuild but not as we know it after the Government announced that it was scrapping the 100,000 homes target and introducing new home ownership initiatives.
Build-to-rent momentum grows
29 August 2019 - The Government needs to better enable the growth of New Zealand’s fledgling build-to-rent sector if it wants to alleviate the country’s housing shortage.
The staggered rise of big city rents
27 August 2019 - Rents in Auckland and Wellington are up from this time last year – but they have been flatlining in recent months, according to new data from Trade Me Property.
New privacy guidelines welcomed
19 August 2019 - Confusion over what information landlords can ask for when selecting tenants should be eased by a new set of guidelines from the Office of the Privacy Commissioner (OPC).
Greens renew call for tougher tenancy laws
4 August 2019 - Getting rid of no cause rental terminations and the introduction of a Warrant of Fitness for rentals are critical parts of the Green Party’s renewed focus on housing announced at their Annual Conference over the weekend.
Pace of rent growth slows in Super City
31 July 2019 - Auckland rents might be steep but new data from Barfoot & Thompson reveals the rate they are increasing at has been slowing for the last three years.
COMMENT: The coming rental housing crisis
30 July 2019 - Failure of government to reverse policies will result in a calamitous fall in houses to rent and escalating rents in a crisis unseen since the 1930’s, writes veteran property investor Jonathan Bidmead.
Rental stock can’t match demand
29 July 2019 - Pressure continues to build in the rental market as Trade Me Property’s latest rental data shows soaring demand and a decline in available stock.
Buoyant in the South
29 July 2019 - If you’re looking for a stable market with a positive long-term outlook, it’s worth considering Mid and South Canterbury, writes Joanna Jefferies.
The costs of rental policy changes
24 July 2019 - The deluge of policy changes to the regulations governing rental property are a key headwind for the housing market, according to ANZ economists.
Bachcare charged with misleading consumers
16 July 2019 - The Commerce Commission alleges the online holiday rental booking platform has manipulated online user reviews it has received.
COMMENT: Loss ring-fencing ups war on renters & owners
10 July 2019 - New rules around the ring-fencing of rental property losses came into force late in June and Stop the War on Tenancies spokesman Mike Butler believes they’ll have a negative impact on the rental market...
COMMENT: The Sound of One Hand Clapping
2 July 2019 - Two of our Lords and Masters have recently been laid low yet landlords are still treated as the problem rather than part of the solution, argues Auckland Property Investors Association vice president Peter Lewis…
Up, up, up for regional rents
28 June 2019 - Rental demand is outpacing tight rental supply around the country and that has made for record rent rises in many markets, according to Trade Me Property.
Foreign buyer ban impacts Queenstown Lakes
27 June 2019 - The foreign buyer ban impact was felt the most in Queenstown Lakes, but despite slowing growth, the market has attractive features for buyers, writes Joanna Jefferies.
COMMENT: Ditching Accommodation Supplement not the answer
12 June 2019 - Tenant advocates have long claimed the Accommodation Supplement benefits landlords over tenants but those demanding it be scrapped are ignoring some relevant facts, says NZ Property Investors Federation executive officer Andrew King.
Call to license landlords
10 June 2019 - There’s a fresh demand for the mandatory licensing of landlords – and this time it comes from property manager representatives.
Serial failure to lodge bonds earns massive fine
6 June 2019 - The importance of lodging tenants’ bond money is demonstrated by a new Tenancy Tribunal ruling which orders an Auckland landlord to pay nearly $180,000.
COMMENT: Tenant selection turned into a lotto draw
1 June 2019 - The Privacy Commissioner has created a lotto draw for tenant selection with the recent release of some ill-conceived guidelines, writes property management consultant David Faulkner.
A place in the sun
28 May 2019 - Investment in infrastructure and development in Northland means the future looks bright for Whangarei investors – thanks to a tight rental market but affordable prices, writes Miriam Bell.
Applying for a tenancy like applying for a job
25 May 2019 - Credit checks should only be conducted after someone becomes the preferred candidate for a tenancy - not in the early stage of the application process, according to the Office of the Privacy Commissioner.
No extensions for insulation compliance
24 May 2019 - There will be no extensions for landlords who don’t comply with the 2016 insulation requirements, the Ministry of Business, Innovation & Employment is warning.
COMMENT: Why the new standards are not the answer
23 May 2019 - The final version of the Government’s new Healthy Homes minimum standards came out last week. Stop the War on Tenancies spokesman Mike Butler tells us what he thinks about them…
What landlords can't ask tenants
22 May 2019 - Think you know what you can ask a prospective tenant? It might pay to check out the Privacy Commissioner’s new guidelines to see if what you are asking really is acceptable.
Standards set to cost
17 May 2019 - Nearly 60% of Auckland property investors believe they will have to spend money to be compliant with the new Healthy Homes minimum standards, according to new Crockers research.
It’s the law: Healthy Homes standards
13 May 2019 - The Government’s Healthy Homes minimum standards will be law from 1 July 2019 – even though their final form won’t be released until later this week.
COMMENT: Punishing landlords won’t solve crisis
6 May 2019 - The capital gains tax debate is over, but landlords are still being scapegoated as the focus turns to Healthy Homes, argues Auckland Property Investors Association vice president Peter Lewis…
Tardy repairs earn $2000 fine
3 May 2019 - Slow action on a leaky roof has earned a property management company and an absentee landlord a fine and a reprimand from the Tenancy Tribunal.
Gateway to returns
2 May 2019 - Upper Hutt has long been overlooked as an investment option but its affordable prices, strong yields and tight rental market mean it is now attracting attention, reports Miriam Bell.
High demand makes for rent rises
29 April 2019 - Strong demand for rental properties nationwide means Trade Me Property’s latest data shows year-on-year rent rises in every region.
Ditching CGT a win for common sense
17 April 2019 - Celebration is the name of the game for property investors nationwide after the Government announced that it won’t be introducing a capital gains tax.
CGT reprieve
17 April 2019 - New Zealand will not see the introduction of a capital gains tax after the Coalition Government was unable to reach a consensus on the issue.
Super City rental market star
16 April 2019 - Two-bedroom rental properties are the clear best performer across the Auckland market, new Barfoot & Thompson rental data reveals.
COMMENT: Tax deductibility of rental property upgrades
4 April 2019 - Rental property upgrades required by the Healthy Homes minimum standards will make the area of tax deductibility even more thorny, writes Auckland Property Investors Association vice president Peter Lewis…
Top yields in City of Sales
1 April 2019 - Investor-style apartment sale prices have taken a hit recently: does this represent an opportunity for investors? Joanna Jefferies investigates.
Treat rental properties as a business
30 March 2019 - The need for landlords to treat their rental properties as a business is highlighted by three new Tenancy Tribunal rulings.
Boom time in student rental market
14 March 2019 - Landlords who are active in the student rental market are reaping the benefits as the academic year kicks off, according to Trade Me Property.
COMMENT: Capital gain vs cash flow
12 March 2019 - There are two very different types of property investors and the introduction of a capital gains tax would affect one far more than the other, explains veteran property investor Graeme Fowler.
Warning: don’t overlook consents for property work
7 March 2019 - Undertaking major work on properties without consents in place has come back to bite two Auckland property owners after Auckland Council took them to court for it.
Garden City gears up
4 March 2019 - A plateau in values and rents has been a feature of the southwest Christchurch market for some time, but this year the market looks on the up, writes Joanna Jefferies.
Scope of CGT likely to narrow
26 February 2019 - Government assurances that they are not bound by the Tax Working Group’s recommendations are increasing concerns that a capital gains tax will be applied to rental properties alone.
Cost of standards will hit tenants
25 February 2019 - Parts of the Government’s new Healthy Homes minimum standards are not cost-effective and that will impact on tenants, according to investor advocates.
Revealed: Healthy Homes minimum standards
24 February 2019 - The Government’s minimum standards to make rental properties healthier for tenants have finally been released – but landlords will have five years to comply with them.
Outrage over CGT recommendation
21 February 2019 - Introducing a capital gains tax on rental properties will have a detrimental effect on both the rental market and house prices in the long-term, property investors warn.
Capital gains tax on the cards
21 February 2019 - The Tax Working Group (TWG) has recommended that income from capital gains – especially those made on residential rental properties – should be taxed more.
The DIY landlords
18 February 2019 - INVESTOR PROFILE: One young Masterton couple have amassed a portfolio with 13 income streams in four years and their story proves that the DIY route is a strategy to seriously consider.
COMMENT: Ring-fencing rules could mean 116,000 less rentals
12 February 2019 - Ring-fencing of rental losses on rental properties could end up resulting in 116,000 fewer rentals, Stop the War on Tenancies spokesman Mike Butler cautions.
Harbourside metropolis
4 February 2019 - Strong economic and population growth and a tight rental market mean Tauranga remains an appealing option for investors, writes Miriam Bell.
Wellington rents highest in NZ
23 January 2019 - There’s been a changing of the guard in the rent stakes with Wellington overtaking Auckland as the city with the highest rents in the country.
Slow Auckland rent growth unlikely to go on
22 January 2019 - Auckland is seeing the slowest rate of rent increases in years, the city’s biggest property manager has revealed – but don’t expect it to continue.
Time for a sea change
7 January 2019 - Nelson-Tasman is famed for its lifestyle attractions but its solid price growth and tight rental market make it a good option for investors too, writes Miriam Bell.
Top 5 Tribunal tips for landlords
27 December 2018 - Love it or loathe it, many landlords find they need the Tenancy Tribunal so it pays to know how it works.
Monitoring rental home quality
19 December 2018 - Landlords concerned about whether or not their rental properties qualify as “healthy homes” can now look to new high-tech monitoring tool for help.
Desperately seeking answers
18 December 2018 - Looking for a straight answer from MBIE’s Tenancy Compliance and Investigation Team? If you are a landlord, don’t expect too much clarity.
Static Auckland rents suggest underlying problem
13 December 2018 - Overcrowding could be the real reason that Auckland rents haven’t budged for months while Wellington rents have rocketed up to match those in the SuperCity.
Has the sun set on holiday rentals?
11 December 2018 - With all the talk of increased council rates and compliance for short term rentals, do they still make investment sense? This month NZ Property Investor magazine investigates.
Late Cycle Growth in Kapiti Coast & Horowhenua
30 November 2018 - In the south west of the North Island, property prices and rents are experiencing late-cycle growth, writes Joanna Jefferies.
Wellington rents riding high
29 November 2018 - Rents are on the rise in markets around the country – but it is Wellington’s rental market which is running red hot, new Trade Me Property data shows.
Belief in rental investment returns cools
26 November 2018 - New Zealand investors’ love of rental property is waning, with confidence in its potential returns now at its lowest level in four years.
COMMENT: War on tenancies should stop
21 November 2018 - Life for rental property owners may become tougher as Labour’s newbie Housing Minister Phil Twyford tries to “make life better for renters”, Stop the War on Tenancies founder Mike Butler warns.
COMMENT: Landlording is a business
6 November 2018 - Governments from both sides of the political equation have failed to recognise residential landlording as a business - but it is, argues Auckland Property Investors Association vice president Peter Lewis.
Auckland yields improving
2 November 2018 - There has been a slight rebound in rental returns for Auckland landlords – but it’s not due to a rapid rise in rents.
