tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, December 21st, 2:19PM

News

rss
Latest Headlines

Tackle housing issues without pushing up rents: NZPIF

Policies designed to improve the living conditions of low-income families should aim to have a minimal effect on rents, the NZ Property Investors Federation says.

Monday, August 18th 2014, 12:00AM 2 Comments

by The Landlord

The Child Poverty Action Group (CPAG) has recently called for a warrant of fitness for rental properties because of rising rents, overcrowding and what it says are poor and deteriorating rental properties.

NZ Property Investors’ Federation executive officer Andrew King said his organisation supported improving rental properties, but there were better ways to do it than with a WOF.

"A WOF is expensive, which will do nothing to help rental prices or overcrowding" King said. "Insulation is one part of providing a healthy home, but heating and ventilation are also critical elements. If tenants can't afford to turn on heating now, how will a WOF help them?"

He said a recent study showed rental prices in New Zealand were lower than they have been in the past.

In 1985, rents amounted to 42% of household income, but in 2014 this has fallen to 32%.

A June 2014 study showed that it is $136 per week cheaper to rent than to own the average New Zealand home.

King said University of Otago studies showed fuel poverty and overcrowding were major factors in the health of families in predominantly low-income households. “A WOF will make these matters worse. Any proposals to improve the living conditions of low-income families need to take into account all of the factors involved. Proposals should aim to have a minimal effect on increasing rental prices and address all the challenges that low-income families face.”

« Healthy lifestyle property market: REINZFree Investment Property Showcase Events: Auckland, Wellington and Christchurch »

Special Offers

Comments from our readers

On 18 August 2014 at 4:14 pm Sam said:
They should assess the costs that energy providers are passing on. The Pink Batts scheme for community card holders is fantastic but more needs to be done at a utilities level. Also increasing rates are only going to put pressure on property owners to pass these costs onto tenants.
On 19 August 2014 at 4:30 pm Vicki lee said:
The WOF that's proposed is not required for my two properties as that's my priority anyway - warm healthy homes. If there is to be one, make it one with minimum requirements - insulation, ventilation and ability to heat. That and secure safe homes. Anything else for that house should be reflected in rent price and if it's one that ticks the boxes, then it'll get good tenants and gives the landlord investment gains it deserves. Being a landlord takes some ethical and moral commitment too, I don't want the government poking its nose in my business with too much policy stuff too much.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • The good guys get told off
    “I can't quite reconcile the rationale, or lack thereof, with the comments so far. Pathfinder were found to have made misleading...”
    1 day ago by John Milner
  • The good guys get told off
    “As a follow on to this conversation: I'm assuming that the Regulator will be consistent by 'naming and shaming' the other...”
    2 days ago by Pragmatic
  • The good guys get told off
    “FMA does not understand the consequences of these type of actions A number of Insurance Companies were taken to court and...”
    2 days ago by LNF
  • The good guys get told off
    “Superlife was censored for using unregistered salespeople however what is not commonly known was that the FMA were aware...”
    2 days ago by Patrickdiack
  • The good guys get told off
    “FMA executive director, Response and Enforcement, Louise Unger said:... Unger was appointed to that role in April of this...”
    3 days ago by Aggressively_passive
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.94 - - -
AIA - Go Home Loans 7.49 5.79 5.49 5.59
ANZ 7.39 6.39 6.19 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.79 5.59 5.59
ASB Bank 7.39 5.79 5.49 5.59
ASB Better Homes Top Up - - - 1.00
Avanti Finance 7.90 - - -
Basecorp Finance 8.35 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.54 - - -
BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 5.79 5.59 5.69
BNZ - TotalMoney 7.54 - - -
CFML 321 Loans ▼5.80 - - -
CFML Home Loans ▼6.25 - - -
CFML Prime Loans ▼7.85 - - -
CFML Standard Loans ▼8.80 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.69 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 6.95 5.79 5.59 5.69
Co-operative Bank - Standard 6.95 6.29 6.09 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.99 5.89 -
First Credit Union Standard 7.69 6.69 6.39 -
Heartland Bank - Online 6.99 5.49 5.39 5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society ▼8.15 ▼6.50 ▼6.30 -
ICBC 7.49 5.79 5.59 5.59
Kainga Ora 7.39 5.79 5.59 5.69
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.25 6.69 6.49 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.79 5.59 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 7.94 5.75 5.99 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.49 6.95 6.29 6.29
SBS Bank Special - 5.89 5.49 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 4.89 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity ▼9.39 - - -
TSB Bank 8.19 6.49 6.39 6.39
TSB Special 7.39 5.69 5.59 5.59
Unity 7.64 5.79 5.55 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 7.70 5.95 5.75 -
Westpac 7.39 6.39 6.09 6.19
Westpac Choices Everyday 7.49 - - -
Westpac Offset 7.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 5.79 5.49 5.59
Median 7.49 5.79 5.69 5.69

Last updated: 18 December 2024 9:46am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com