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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news