Property Management

Politics: Labour Treats Landlords With Contempt

ACT's housing spokesman Dr Muriel Newman has called on private property investors to vote for a change in government on July 27th.

Monday, July 08th 2002

Speaking at a property investors' meeting in Tïmaru today, Dr Newman accused the Labour government of running a campaign against private landlords.
"The Minister of Housing has run a crusade against landlords. Last year he hit the headlines with landlord stories such as `Bad landlords should be penalised', `Government to toughen up on landlords', `Crackdown on landlords likely'. He promised to bring in harsher penalties against landlords.
"Then in December the Minister tabled in Parliament the draconian Residential Tenancies Amendment Bill which introduces exemplary damages of up to $3,000 against landlords. That is top of prison sentences, up to $12,000 in fines that can be ordered by the Tenancy Tribunal, and up to $40,000 in fines from local authorities.
Read More - Opens in a new window

Most Read

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
ICBC 4.69
Co-operative Bank - First Home Special 4.69
TSB Special 4.75
Westpac Special 4.75
ASB Bank 4.79
BNZ - Std 4.79
Kiwibank Special 4.79
AIA - Go Home Loans 4.79
Unity Special 4.79
TSB Special 4.75
Westpac Special 4.75
BNZ - Std 4.89
ICBC 4.89
Kiwibank Special 4.89
Unity Special 4.89
AIA - Go Home Loans 4.89
Co-operative Bank - Owner Occ 4.89
ANZ Special 4.89
ASB Bank 4.89
SBS Bank Special 4.89
SBS Bank Special 5.39
Westpac Special 5.39
ICBC 5.39
Co-operative Bank - Owner Occ 5.49
TSB Special 5.49
BNZ - Std 5.59
BNZ - Classic 5.59
ASB Bank 5.59
AIA - Go Home Loans 5.59
Kainga Ora 5.69
Kiwibank Special 5.79
SBS Construction lending for FHB 3.74
AIA - Back My Build 4.44
CFML 321 Loans 4.75
Co-operative Bank - Owner Occ 5.70
Co-operative Bank - Standard 5.70
Heartland Bank - Online 5.75
ICBC 6.09
Kiwibank - Offset 6.15
Kiwibank 6.15
ASB Bank 6.29
SBS Bank 6.29

More Stories

Four decades of 6-7% yearly house price growth ending

Friday, March 21st 2025

Four decades of 6-7% yearly house price growth ending

New Zealander’s reliance on property capital gains in the mid-single digits is at an end.

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

Friday, January 31st 2025

[TMM Podcast] Yelsa serves up “marine reserve” of property buyers

It’s been years in the making and former real estate agent Mike Harvey is now coming to market with his platform matching buyers and sellers, an offering he says will be a gamechanger for the industry.

Leaving last year's stumbling housing market behind

Friday, January 17th 2025

Leaving last year's stumbling housing market behind

As interest rates ease and job losses climb, New Zealand’s housing market faces a mixed year of modest growth, with conflicting forces shaping the outlook for homebuyers and investors.

Don’t bet on house prices rising faster than incomes

Wednesday, January 15th 2025

Don’t bet on house prices rising faster than incomes

Former Reserve Bank Governor and National Party leader Don Brash says there are grounds for believing that house prices may finally have ended the three-decade period when they rose significantly faster than incomes.