Only “ratbag” landlords who don’t take care of their rental properties need to worry about the Ministry of Business Innovation and Employment’s (MBIE) new “interventionist” powers, a landlord advocate says.
Pressure on housing demand is set to continue as the latest Statistics New Zealand data shows migration has jumped back up to record highs.
Median asking rents around the country remained largely unchanged in September, although the capital city breaks the mould, new rental data shows.
This three double bedroom home offers character with spacious living and neutral décor throughout.
There is a lot to like about this property and this would make a great home or rental investment.
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Ask an expert
Property management beginner
“I am new to property management and looking after a few properties that are owned by my friends. The total rental I receive on behalf of the landlords will be over $60,000 per year, but my service fee will be below $20,000 per year. Do I have to register for GST to run this business? ...”
Our expert Bernard Parker responds »
Structuring first investment
“We are looking at purchasing our first investment property. We are mortgage free on our home but have been told by the bank that we need to put our home up as equity for the rental property. I have also heard that if you do this then you cannot get any tax breaks on the rental. But we are very green with investment...”
Our expert Kris Pedersen responds »
“We live on a property with two separate dwellings but we share a power meter. At the moment we pay 50% of the power bill each month but in the house we share power with the owner is an elderly lady who is at home all the time. This drives our power bill through the roof, especially over winter. Do we have a right to request...”
Our expert Allan Galloway responds »
See also: Residental Dwelling Sales statistics »