Up to 2000 houses will be sold as part of the Government's revamp of social housing, and the number of people receiving income-related rent subsidies will increase by almost 5%.
Most investors are planning to increase their rents over the coming year, but not by much, new research shows.
Rents will have to go up across the board at some point, the executive officer of the NZ Property Investors Federation says.
Another new subdivision in Tauranga The others were so popular, we have found more. This is in the Greenvale Subdivision with a mixture of flat and elevated sections. Be in quick to get the best that are...
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Rents are lagging a long way behind house prices, the latest Trade Me rental price index shows....
OCR increases are off the table for now, economists say....
Plans to dramatically reform the Resource Management Act have been revealed....
Making more land available for development isn’t the complete solution to the New Zealand housing affordability...
Ask an expert
Deliberate damage dilemma
“We rented out our house in Kerikeri through a property manager. The tenant damaged the property, some intentional and some accidental. The value to repair is about $16,000. We took the tenant to the Disputes Tribunal but the case was thrown out due to the agent loosing the inspection report from the start of the tenancy....”
Our expert Leanne MacKenzie responds »
“A property is jointly owned by a husband and wife with its earnings/losses divided between the two parties. When the property is sold, can the recovery of the entire amount of building depreciation be reported for depreciation recovery by the lower earning spouse only? Reason being that an equal split of the building depreciation...”
Our expert Mark Withers responds »
“Hi Ron, my partner and I have been 'trading' on our last two properties. Buying property that needs work, renovating and then selling. We bought our most recent property in Birkdale, North Shore and started renovating straight away. It needs at least $60,000 spent on it, my partner can do most of the work. We have...”
Our expert Ron Hoy Fong responds »
See also: Residental Dwelling Sales statistics »