What's ahead for renting in 2023 Phenomenal rain in Auckland and other areas causing destructive flooding is life as we know it in a world facing pandemics, climate change, and other challenges such as earthquakes and eruptions.Â Taking on investment properties has never been for the faint hearted and the risk profile seems ever increasing. 01-03-2023 more >>
Survive and thrive the year of challenges Statistics show how much our government relies on private landlords to provide rental accommodation with a current level of around 85% of rental homes privately owned.Â The Government has introduced significant residential tenancy legislative changes favouring tenants and alienating landlords over the last few years. 15-02-2023 more >>
From the President's desk - change of leadership at NZPIF In October Andrew King resigned as President of the NZ Property Investors Federation (NZPIF) to begin an extended motorcycle tour, with his wife Sarah, through Central and South America. After 26 years of involvement, it is the end of an era for NZPIF. His enthusiasm for property, tenants, landlords and the improving of membership benefits has been exemplary. Â Much has been achieved during his tenure for the Federation to become a well-informed voice for property investors in political and media circles. 01-12-2022 more >>
Best wishes to all rental property owners from Andrew King By the time you are reading this, my wife, Sarah, and I will be starting a seven-month motorbike journey from San Francisco to Santiago in Chile. This is part one of a plan to motorbike around the Americas. Naturally this means my 26-year involvement (nearly half my life!) with the rental property industry is coming to an end. It has certainly been a journey and Iâ€™d like to thank Sarah and the kids for putting up with a lot. 01-11-2022 more >>
Comparing the cost of different types of rentals There are people and organisations that would prefer rental properties to be provided by social landlords like the state or Community Housing Providers (CHiPâ€™s).
They make the argument that social housing providers charge lower rental prices and offer better security for tenants and the Government appears to agree. But is it true? 17-09-2022 more >>
Fixing the Rental Crisis See the full report on our plan to fix the rental crisis here and a summary here.
New Zealand has a rental property crisis.Â There are not enough rental properties, which has seen the Social Housing Register explode to over 25,000 and $1m of Government funds a day spent on motels to house tenants with emergency housing needs.
First Homeowners have been prioritised over tenants and rental providers have been discouraged from providing rental accommodation.Â The system has been broken and needs to be improved to increase the supply of rental properties, lower the cost and price of rental properties and provide more stable rentals properties. 14-02-2022 more >>
Rigorous deadlines and paperwork for HHS The Healthy Homes Standards (HHS) were introduced to ensure there would be minimum standards for heating, ventilation, insulation, moisture ingress and drainage, and draft stopping in all rental properties. All private rental houses must comply within 90 days of any new or renewed tenancy after 1 July 2021 22-09-2020 more >>
Ready2Rent - an education initiative for tenants The Ready2Rent programme was started in the Hawkes Bay in 2016. It is a Hawkâ€™s Bay District Health Board-led initiative to reduce the number of children with rheumatic fever and other breathing issues admitted to Hawkes Bayâ€™s hospitals. The 01-08-2020 more >>
Initiatives to help landlords and tenants needed Like everyone landlords are facing tough times due to the fall out of Covid-19. This includes loss of income, reduced wages and business losses. Here are some Government actions which would assist landlords and consequently their tenants. 01-06-2020 more >>
Surviving the current crisis Often when we are confronted by a tenant asking for a discount on their rent or a rental holiday we start to panic. Yes, itâ€™s fine for them to ask but do they understand the financial impact this could have on you? 18-05-2020 more >>
Letter from NZPIF Acting President and NZPIF Executive Officer to members The measures that Government are taking to limit the effect of Covid-19 are going to have a variable effect on different business and employees. We must all do our best to support those who are wearing a higher burden in the fight against Covid-19. While residential rental property should not be directly affected as much as other industries, there will be job losses, reduced income from self-isolation and reduced work from decreased business activity. 24-03-2020 more >>
Appointment of a new NZPIF Executive Officer It is wonderful news that Sharon Cullwick, our NZPIF President, has been appointed to take over from me as NZPIF Executive Officer. For an industry as large and as important as ours, the Executive Officer role deserved to be more than a part time position and the NZPIF Executive is to be congratulated for making this happen. 03-03-2020 more >>
The story behind the rental price statistics for 2019 Rental price statistics for 2019 came out recently and were very interesting to go through. The median rent for all areas and all property sizes and types hit an all time high of $468 per week, which is 4% higher than December 2018. 21-02-2020 more >>
Setting and meeting goals The Christmas period is a wonderful opportunity to take some time to think about long term goals. Back in December of 2009, I set a 10-year goal of stopping paid work and starting to travel more and take on new experiences. So that goal date was last month and boy has it come around quickly. 21-01-2020 more >>
All New Zealand will be affected by tenancy changes Government has announced the changes they intend to make to the Residential Tenancy Act. We managed to get some wins, such as the rules around pets will not change and modifications that tenants can make to the property are minor and still need the landlordâ€™s con 20-11-2019 more >>
2019 Conference was a positive event I have just got home from the NZPIF conference in Rotorua. What a positive event it was, with the mood assisted by a great All Black win on the Saturday night, enjoyed by many of the attendees. 20-08-2019 more >>
RTA amendment Bill finally passes It was great news that the RTA Amendment Bill was finally passed and came into law on the 31 of July 2019. The Bill improves the situation for three key issues. Tenants liability for damage, unlawful dwellings and methamphetamine. 19-08-2019 more >>
Privacy issues As many of you will know, The Privacy Commission recently decided to design and publish what landlords could and couldnâ€™t ask prospective tenants when looking to let out a property. Despite being just guidelines, it is likely that the Tenancy Tribunal would give the Commissionâ€™s ideas considerable standing. 19-06-2019 more >>
No Capital Gains Tax is welcome news The Governmentâ€™s announcement that they are not going to introduce a Capital Gains Tax (GCT) was very welcome. It is disappointing, however, that they are being attacked for their sensible decision. 19-05-2019 more >>
Tax Working Group report The Tax Working Group has released their report and as expected it is a comprehensive (except for the family home) Capital Gains Tax. 01-04-2019 more >>
Tenant advocate news Unfortunately I am having to write this just before the Tax Working Group recommendations are released, which is a shame. Fortunately (or perhaps unfortunately) there are many topics affecting our industry which I can write about. 09-03-2019 more >>