The current level of interest rates is constraining spending and hence inflation pressure, as anticipated and required. The Committee agreed that the OCR needs to stay at restrictive levels for the foreseeable future to ensure annual consumer price inflation returns to the 1 to 3% target range, while supporting maximum sustainable employment. 16-08-2023 more >>
Private investors play the highest and most valuable role in the New Zealand housing system. Around 86% of rental homes are supplied by private owners and this is one of the best examples of a public – private housing system in the world.
‘Landlord’ has been an inexact and overused term by media and politicians to refer to what are actually property investors, the vast majority of whom are not directly ‘landlords’ in the way the word is used. 10-08-2023 more >>
The Green Party is calling for a rental property warrant of fitness which is likely to hit renters with an unnecessary cost of around $90,000,000 a year. The idea of a rental property warrant of fitness was first raised 25 years ago and has been rejected by all Governments ever since. 02-08-2023 more >>
Tim Horsbrugh explains that the one policy that has had the most significant effect on tenants is the tax change in which rental property owners can no longer claim their interest costs as a business expense. 02-08-2023 more >>