Misc

Rental rules face changes

It could be months before the Queenstown Lakes District Council is in a position to prosecute ratepayers breaking visitor accommodation regulations.

Monday, February 14th 2005

The council has started rewriting rules covering homeowners letting their properties to short-term visitors after its plans to enforce an almost-ignored bylaw led to a national uproar last year.

National MP Nick Smith accused councillors of being "busybody bureaucrats" at the time and said he would seek to change the Resource Management Act to prevent the council proceeding, while the Real Estate Institute said it would consider seeking an injunction against the rules.

A special report presented to the council's strategy committee this week suggested softening the rules that would have seen as many as 1000 ratepayers in Queenstown and Wanaka facing rate increases of between 90 per cent and 140% as well as having to seek resource consent and pay development contributions for letting their homes.

Instead, the report suggested a three-tiered approach.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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