The average annual household income has risen 41 percent since 2008, up more than twice the rate of inflation, Stats NZ said today.
Over the same period, average annual housing costs increased 43 percent. 30-10-2018 more >>
"I am heartened by recent evidence that the Government wants to help landlords and tenants understand each other's point of view" said Andrew King, Executive Officer of the NZ Property Investors' Federation. 19-10-2018 more >>
There are an enormous number of proposed changes to the RTA, all aimed at improving conditions for tenants. Submissions close on Sunday 21 October. More tenants have replied to these one sided reviews than landlords, so it is critical for every landlord to take the time and have their say to provide balance.
Attached here is a template to help you make a submission. You can also complete a Government survey on the RTA Review t https://www.research.net/r/rta-reform-survey 07-10-2018 more >>
This provides information on the Residential Tenancies Act Review and NZPIF views on it,. We encourage you to put in a submission as many tenants have already had their say on these extremely one sided proposals. 07-10-2018 more >>
"Landlords are very aware that housing in New Zealand is expensive and the CoreLogic data shows that they are doing their best to keep rental price increases as low as possible. This is completely opposite to the commonly held view that rental property providers are profiting at the expense of tenants", says Andrew King, Executive Officer of NZ Property Investors' Federation (NZPIF) 20-09-2018 more >>
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 >>
"Government 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 >>