The Ministry of Building Innovation and Employment (MBIE) have issued a review of the Residential Tenancies Act (RTA). It is a large review and extremely important for our industry.
The NZPIF has summarised the review for members and provided a short assesment on each aspect of the review.
Tenant advocates are encouraging tenants to support the review and are arranging on and off-line seminars to help tenants do this. It is imperative that as many landlords as possible also express their view as some of the proposals will be extremely damaging to our industry, including being damaging to tenants. 20-09-2018 more >>
The Ministry of Business Innovation and Employment (MBIE) have been tasked by Government to establish standards for the Healthy Homes Guarantee Act. MBIE have produced a report into possible standards and are seeking public submissions on these proposals.
The NZPIF have produced a report summarising the proposals and conveying the NZPIF position on them. You can read this report here. 20-09-2018 more >>
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 >>
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 >>
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 Massey University Residential Market Report, which tracks mean rents and rental bond numbers, shows a steady increase in the number of people renting, coupled with a decrease in vacancy rates, over the past decade. 02-08-2018 more >>
CoreLogic has released the â€˜â€˜Mapping the Marketâ€™ report, a new interactive map of New Zealandâ€™s property landscape which could ease pressure on people struggling to locate homes within their actual budget. 17-07-2018 more >>
We commissioned Financial and Economics Consultancy, Morgan Wallace, to review the study. Morgan Wallace produced a report showing that they had uncovered serious flaws with the TWG's study, leading them to conclude that apart from bank deposits, rental property is actually taxed at a higher rate than other asset classes. 01-07-2018 more >>
Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction - up or down - as necessary. 28-06-2018 more >>
A Herald article and an Editorial published over the past week have suggested that property is undertaxed and rental property owners are able to buy property more cheaply than owner occupiers. Both these claims are wrong, but it is not the fault of the writers. 27-06-2018 more >>
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 >>