Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Unintended consequences of rental WOF

Will a rental property WOF really help?

On the eve of the General Election, there had been further lobbying for a rental property WOF. On the face of it, this appears to make good sense, but if it was introduced unintended consequences could see tenants worse off.

Increasing rental prices to pay for regular WOF inspections may lead to more over-crowding of rental properties. Otago Medical School studies have shown that over-crowding has a major effect on tenants’ health and a WOF will not help these families.

Another Otago Medical School study shows that fuel poverty is a major factor in the poor health of many New Zealanders, including tenants. The NZ Property Investors' Federation (NZPIF) believes that Government should provide low income households with electricity vouchers over the winter months to encourage tenants to turn on their heaters.

"Some say that cars have to have a WOF so rental properties should too. But if drivers can't afford the petrol, their warranted car isn't going to take them far" says NZPIF Executive Officer, Andrew King.

"Many people have accused the NZPIF of not caring about tenants, but this could not be further from the truth" says King. "We just know that a WOF is not the answer to children living in cold damp homes."

An Otago Medical School Study has shown that Government saves around $5 for every dollar spent on heating and insulation. Obviously it makes good sense to invest Government funds into solving the problem.

There is currently no tax incentive for rental property owners to insulate or install energy efficient heating. The NZPIF is seeking support for insulation and energy efficient heating to be made a tax deductible expense. This would help reduce the need for rental price increases, thereby reducing pressure on tenants and reducing upward pressure on the accommodation supplement.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>