by Ashley Church COMMENT: Other than the long-awaited news of a ‘travel bubble’ with Australia, few recent Government announcements have been anticipated more than the trumpeted release of a suite of measures to address the issues facing the housing market. Sadly, however, the reality of the announcements falls far short of the hype and has Read more about The Government just lit the fuse on a bomb that will blow up the housing market[…]
by Tony Alexander My column this week was going to be about the different layers of people driving house prices up recently, and the unusual effect of the change in loan to value ratio rules encouraging investors to buy before they needed a 40% deposit upon settlement. The first of the three layers comprises people Read more about Winners and losers of the Government’s housing market fix[…]
A Newsroom investigation reveals a Ministry of Social Development initiative to provide emergency housing made the housing crisis worse and enriched a small set of landlords and real estate agents A former Harcourts property manager in South Auckland has blown the whistle on an emergency housing scheme where a group of landlords were paid up to $3000 a week Read more about State paid $3k a week for ‘uninhabitable’ houses[…]
Lockdown Means Potential Selldown Property investors are being hit by a “perfect storm” that is predicted to drive many out of the market during the lockdown. Rents have been frozen and evictions are on hold for the next three months as the country responds to the Covid-19 outbreak and lockdown. Tenants can still terminate their Read more about Lockdown ‘final straw’ for worried property investors[…]
Bad Tenants – banning the ability to evict them – below is an article that is another reason (one of many) as to why you need an experienced property manager to look after your investments. Banning the ability to evict bad tenants without reason could be ‘final straw’ for landlords – Real Estate Institute of Read more about Banning the ability to evict bad tenants without reason[…]
Auckland’s housing crisis is now so bad the Mayor wants to try and convince people with empty investment properties to let homeless people live in them. They’re what are known as “ghost-houses” and they’re becoming more and more common. Now there’s a push to get homeless people into them due to how limited supply is. Read more about Push for people to allow homeless to live in empty investment properties[…]
Renters taking their landlords to court for breaking insulation laws have pocketed more than $124,000 in fines. Health experts and a leading property manager have praised the fines, saying there could be up to 10 times more landlords still breaking the laws. But landlords say the number of fines was smaller than expected. Renters won Read more about Renters pocket $124,000 as landlords fail to insulate rentals[…]
It didn’t need to end this way. Damaged exterior cladding, walls, ceilings and kitchen drawers, broken glass, plus new carpet needed in two bedrooms and the hallway.
A $26,358 repair bill.
Landlords should be concerned By Andrew King Neighbourhoods will have to put up with antisocial, loud and offensive behaviour from difficult tenants if the Government removes the 90-day notice period for evictions. The Government is considering this move as part of an extensive review of tenancy laws, including allowing tenants to make modifications to their Read more about Tenancy plan a worry for landlords and neighbours[…]
A landlord who provided “unrequested and unwanted life advice” has been ordered to pay her tenant $1530 in damages. Tenancy Tribunal Adjudicator Bernadine Hannan said landlord Christina Liu, who rented her Mt Eden Rd property in central Auckland out as a boarding house, gave the advice as part of an increasingly tense tenancy between herself and Jianing Read more about Landlord who provided ‘life advice’ punished[…]