Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Better Housing Supply Key To Wellington’s Rental Market

Wellington, Wednesday 24 January - Sustainable housing supply will help ease rental supply issues in Wellington, benefiting both renters and property investors.

Recent reports have highlighted supply issues in the CBD, with some renters reporting an increase in rents.

Comprende, a leading Wellington property management company, says the city traditionally experiences peak demand at this time of year. Director Grant Foggo says this is driven by complex factors.

“We look after a number of properties in the city. January and March is traditionally our busiest time of year - influenced by the return of universities, corporate workers relocating, and landmark companies like Weta gearing up for ongoing production

“Despite recent commentary, we haven’t had any conversations with our owners about increasing rents to capture an increase in student allowances. This isn’t on their radar,” says Grant Foggo.

Demand in Wellington being driven by an incredibly buoyant property market, leading to more investors exiting the market due to strong sales prices.

“Fewer rentals available affects supply. We’ve been working with renters since late last year who were looking to get ahead of the game and secure a home early. Likewise, we also work closely with our property owners in anticipation of this demand so we can avoid issues around supply.

“We believe that property owners have an important role to play in providing rental accommodation, they are firmly part of the solution to the housing situation in Wellington.

“There are more legislative changes on the horizon for property investors in 2018 - at both local and central government level, which if not carefully managed could further reduce supply.

“We want all key stakeholders to work together - from renters to owners, to both local and central Government - to have open conversations about improving housing supply in Wellington, ultimately benefiting both owners and renters,” says Grant Foggo.

About Comprende
Established in 2014, Comprende acquired Just Property Management in 2016 and looks after properties across the Wellington region, including a large number of apartments. People and property are at the heart of what they do, and they work to create happy relationships between property owners and their residents, redefining the property rental market.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it...

“The terrible deaths our families and communities have suffered tragically prove our drug laws are not fit-for-purpose: Too much emphasis has been given to law enforcement and prisons, with little support to communities for prevention, harm reduction, treatment and social interventions.” More>>


Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>


Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

Science Advisors: Stopping Family Violence – The Evidence

A new report “Every 4 minutes: A discussion paper on preventing family violence in New Zealand” by Justice sector Chief Science Advisor, Dr Ian Lambie, discusses the evidence and asks us, as a community, to get involved. More>>


Misuse Of Drugs Act: Medicinal Cannabis Legislation Passes

“Ultimately, this legislation will greatly increase availability of quality medicinal cannabis products, and will allow for their domestic manufacture. It will help people ease their suffering by making a wider range of quality medicinal cannabis products available over time." More>>


Conflicts, Inadequacies: IPCA Finds Police Investigation Flawed

The Independent Police Conduct Authority has found that a Police investigation into inappropriate contact between a teacher and a student in Gisborne in 2014 was deficient in several respects. More>>


PM's Press Conference Multimedia: Grace Millane, ACC Levy Hold, Absent Execs

Prime Minister Jacinda Ardern began her Monday post-cabinet press conference with an emotional comment on the murder of English backpacker Grace Millane. More>>





InfoPages News Channels