Landlords switch on to need for warm, dry properties

Tuesday 1 July 2014

Almost nine in 10 rental properties owned by property investors’ association members have been insulated, a new survey shows.

The NZ Property Investors Federation surveyed members of its 20 affiliate associations around the country.

Those who responded to the survey owned 4096 rental properties, of which 88.7% were insulated.

And a third of the landlords who responded had installed a heater in their rental properties. Of those, 67% had put in a heat pump.

NZPIF executive officer Andrew King said the organisation had promoted the idea that it was good business sense to provide a warm, insulated rental property because it encouraged tenants to stay longer.

He said all rental property owners needed to accept that housing standards had changed and there was an emphasis on the importance of a healthy living environment in rental properties.

There are moves towards a warrant of fitness scheme for rental properties, and Labour MP Phil Twyford’s member’s bill, the Healthy Homes Guarantee Bill, was drawn from the ballot late last year.

It would require landlords to ensure their properties met a minimum standard of insulation and heating. King had previously said it was the better of the two options because it would not incur large compliance costs.

But he said the NZPIF was not backing any regulatory change to introduce compulsory insulation or heating standards at this stage.

King said: “We agree with the Children's Commissioner’s call to help children suffering health related illness through living in cold, damp homes. But before endorsing any regulatory changes aimed at rental property in New Zealand, we would need to be assured that these changes wouldn't reduce the supply of rental property, either now or in the future, and would not put strain on tenants through unnecessarily higher rental prices. Many tenants already cannot afford to heat their homes and higher rental prices would only make the matter worse."

Comments from our readers

On 4 September 2014 at 7:13 am johnrw said:
Equally important is effective ventilation. Moisture reduction does not happen with heating and insulation. The essential requirements are effective heating (for comfort), effective insulation (to save on heating) and effective ventilation (for moisture reduction).

Sign In / Register to add your comment

Property News

Throwing out the rulebook

One Hawkes Bay couple have done everything investors are told not to, but their success speaks for itself – and now they are telling their story.

House Prices

Slow growth trend takes hold

Property values around most of the country continued to increase in 2017 but the rate of growth has slowed to a crawl and sales have plummeted.

Commercial

Making the right call

Selecting a high performing body corporate manager for a commercial property might be difficult, but it can be done.

Mortgages

Growth outlook overshadows OCR call

New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.

Site by PHP Developer