Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


No evidence of 150% rental price increases in Christchurch

To: The Editor, Scoop


Dear Editor

Media Statement for immediate release

11 March 2011

No evidence of 150% rental price increases in Christchurch

Calls for rental controls due to 150% increases in Christchurch rental prices have been dismissed by the New Zealand Property Investors Federation.

“We don’t know where these claims of 150% rent increases have come from” says Federation President and Christchurch Property Manager Martin Evans.

“It is malicious to make these claims in order to influence Government in an attempt to have rent controls imposed” says Evans.

“The Federation and the Canterbury Property Investors’ Association have not heard of anyone taking advantage of the earthquake and increasing rents by such amounts.”

This view is backed up by Trademe Property Manager Brendan Skipper, who says that they haven’t seen any evidence of such rental price increases in the Canterbury area.

A survey of rental property listings in Christchurch did show a significant drop of 22% on the Friday following the quake and a further drop of 12% the following week. However listings have since increased by 18% and as of today there are 1045 rental properties advertised on Trademe.

Rental property providers are facing large losses because of the quake, due to nervous tenants abandoning their rental properties even though they are sound.

“Tenants are just leaving without telling us” says Evans. “We only find out that they have gone when the rent doesn’t come in.”

Compounding the problem for both landlords and tenants is that the Department of Building and Housing office and the Tenancy Tribunal in Christchurch are still not operational. “We can’t get eviction orders when properties are abandoned at a critical time when others are desperate for a rental property because their own home is uninhabitable. Given the extreme situation, we are forced to take matters into our own hands just to help people get housed and to stop our owners from losing any more money” says Evans.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news