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

 


Rental property owners not to blame

Rental property owners not to blame.

Kiwi landlords are not to blame for a decrease in Kiwi home-ownership. Fewer New Zealanders now own their own home for a myriad of reasons, including the cancellation of home ownership accounts and cheaper government loans being removed in the late 1980s.

Local landlords are part of the solution, not the problem. It is becoming clear that Housing New Zealand cannot supply enough rental housing and with so many Kiwis wanting to rent – it is private landlords that provide a valuable service.

Rental property owners are running businesses and therefore are careful to pay reasonable prices rather than above market prices for any additional properties.

Without mum and dad landlords filling this gap – many Kiwis would be stuck. Where should they live while saving for a house deposit? What if they don’t want to buy a home, but rather rent and spend their savings on other items? What if they’re studying and only want to live somewhere for three or four years?

We need to change our attitude towards the landlord-tenant relationship. It is one of mutual benefit. It is a business relationship and both parties have equal rights under the law.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news