Property Management

Rental housing changes would drive landlords away

Proposed changes to rental housing laws could make the housing shortage worse by driving people away from owning rental properties, says National's Housing spokesman, Phil Heatley.

Tuesday, January 31st 2006

He is commenting on a report that the Government is working on changes to the Residential Tenancies Act that include lengthening the amount of notice landlords must give, from 90 days to six months or even a year, when selling a property or removing bad tenants.

"If this proposal becomes reality then the housing shortage will be made worse because landlords will be put off letting properties to anyone who could be a credit risk because it will take so long to get rid of them."If we want private landlords to take on higher-risk tenants then we have to make it easier for those landlords, not more difficult. "Doubling or quadrupling the notification period for selling a house makes the idea of owning a rental property more and more difficult. "If lower income people can't afford a house, and higher income people won't take on the risk of a rental property, we're going to end up with more people on the streets," says Mr Heatley. "One way of further encouraging landlords to take on more low-income people would be to make it easier for beneficiaries to have the Accommodation Supplement paid directly to private landlords. "The current criteria for allowing this is far too stringent, and some beneficiaries are not paying their rent themselves, running up huge arrears and scaring off landlords."

Most Read

Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
Co-operative Bank - Owner Occ 4.45
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
TSB Special 4.00
SBS Bank Special 4.49
Kainga Ora 4.49
Kiwibank Special 4.49
Nelson Building Society 4.59
ICBC 4.59
Unity Special 4.65
BNZ - Std 4.69
ANZ Special 4.69
Westpac Special 4.75
ASB Bank 4.75
SBS Bank Special 4.99
ICBC 4.99
Kainga Ora 5.15
Westpac Special 5.29
BNZ - Std 5.29
Kiwibank Special 5.39
TSB Special 5.39
ASB Bank 5.45
AIA - Go Home Loans 5.45
Co-operative Bank - Owner Occ 5.49
SBS Bank 5.59
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.65
ANZ 5.69

More Stories

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.

Differing views on 50-year mortgage

Tuesday, December 02nd 2025

Differing views on 50-year mortgage

US president Donald Trump recently raised the idea of 50 year mortgages; but New Zealand advisers say such long loans won’t take off in New Zealand.

Houses selling at a loss hit a 12 year high

Wednesday, November 26th 2025

Houses selling at a loss hit a 12 year high

About one in five Auckland residential properties (19.3%) sold for less than their original purchase price in the third quarter, up from up from 15.9% in the second quarter.

OCR Preview: How far is far enough for the RBNZ?

Friday, November 21st 2025

OCR Preview: How far is far enough for the RBNZ?

Economists expect the OCR to drop another 0.25% to 2.25% next week, with a 50/50 chance of another cut in February.