Support for regulation
This submission was made amidst growing concerns over the need for better standards and accountability within the property management sector.
Nearly one in three households rent, with half of those properties managed by a professional property manager.
REINZ chief executive Jen Baird says property managers are responsible for huge amounts of kiwi’s wealth and retirement savings, and the revenue generated from those assets, with no regulation.
“With the housing market facing unprecedented challenges and concerns about rental properties' standards and management practices, regulatory measures have become imperative.”
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