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

 


Investor reaction to Green housing policies

Investor reaction to Green housing policies

The Green Party released its housing policy yesterday. The New Zealand Property Investors’ Federation (NZPIF) has analysed this policy and the following points must be considered if better housing is to be achieved for vulnerable families.

Rental Property Warrant of Fitness (WOF).

• The NZPIF agrees that some vulnerable families need help, but an untargeted WOF is not the answer.

• Only 7% of tenants calling the Tenancy Services Help Line are concerned about the condition of their rental properties. It is not a widespread problem.

• The cost of the WOF would be passed onto tenants through rent rises.

• Health problems in housing will not be fixed by insulation alone. Vulnerable families can't afford to turn on their heaters and higher rents will make this harder for them to do. Higher rents lead to some families moving in with other families and overcrowding is another source of housing related health problems.

• Rather than a blanket WOF applying to all tenants, funds would be better directed to those in need and cover items such as insulation, subsidised heating and tenant education on how to keep their home ventilated.

• There is a real risk that a WOF will be continually "improved" adding to costs and potentially removing some properties that are unable to comply from the rental stock.

• "A WOF is expensive, which will do nothing to help rental prices or overcrowding" says NZPIF Executive Officer Andrew King. "Insulation is one part of providing a healthy home, but heating and ventilation are also critical elements. If tenants can't afford to turn on heating now, how will a WOF help them?"

Insulating 200,000 homes, at a cost of $327 million.

• The Government Insulation scheme that the Greens want to reintroduce appeared in the past to be really an insulation installers’ scheme. Installing insulation was too expensive even with the $1,300 Government Grant.

• Many Property Investor Association members insulated their rentals without using the Government scheme because it was more cost effective to do this.

• Making insulation a tax deductible expense would cost the Government less and have a lower impact on rental price increases.


Providing greater security of tenure for families.

• The majority of rental property owners keep their properties for the long term and appreciate long term tenants.

• Tenants only have to give 3 weeks’ notice to vacate a rental property. This flexibility is a significant benefit of renting. Giving them the right to also stay in the property as long as they like is taking away the rights of the rental property owner.

• If a rental property owner has a financial or health problem and needs to sell their rental property, they should not be prevented from doing so by a tenant’s desire not to move.

• The NZPIF believes there are better ways to match tenants who want long term security of tenure with rental property owners who want long term tenants. But neither party should have more rights than the other.


$3 million of extra funding to help families taking action against substandard rental housing

• The Tenancy Tribunal does not allow lawyers or advocates for either party, but if a tenant needs help they can get it.

• Access to paid expert advocates for tenants would create an unbalanced system and reduce justice for rental property owners

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