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

 


High levels of insulation in rental properties

High levels of insulation in rental properties


A recent survey of the members of property investors’ associations, undertaken by the NZ Property Investors’ Federation (NZPIF), revealed that a high proportion were insulating and heating their rentals.

"The NZPIF has always promoted the idea that providing an insulated and warm rental property encourages tenants to stay longer, so it makes good business sense" says NZPIF Executive Officer, Andrew King.

Housing standards improve over time and there is now an emphasis on providing a healthy living environment in rental properties. The results of the survey show that members are meeting this change in expectations. The NZPIF believes that all rental property providers need to accept that change and adapt to it.

However the NZPIF's endorsement of heating and insulation in rental properties has been incorrectly interpreted as an endorsement of a parliamentary Bill aimed at applying compulsory insulation and heating standards to all tenancy agreements. We do not endorse the Private Member’s Bill currently before Parliament.

"We agree with the Children's Commissioner’s call to help children suffering health related illness through living in cold, damp homes. But before endorsing any regulatory changes aimed at rental property in New Zealand, we would need to be assured that these changes wouldn't reduce the supply of rental property, either now or in the future, and would not put strain on tenants through unnecessarily higher rental prices." says King. "Many tenants already cannot afford to heat their homes and higher rental prices would only make the matter worse".


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news