This is laughable at best

[donna]

Stuff article says the approx extra annual cost per property is $3140 (info from NZPIF survey).

The median expected increase in weekly rents $21-30 (seems low) and will only cover half the extra increase.

From the news item, info from CoreLogic analysis...Landlords have not...

[donna]

My prediction Jacinda is pregnant hence no vaccine and she’ll resign leaving Grant Robinson to face the music.

But it may not be that loud as all Labour needs is another COVID outbreak which is probable given the travel bubble/s.

cheers

Donna...

[donna]

^^ yeah you have a good point Perry. Rent increase per property is a likely misnomer and once again there is a vacuum of detail probably because they’re making it up as they go along - it’s a strategy that’s worked to date so why change it!


cheers

Donna...

[donna]

^^ my comments should have said ‘Landlords who are academics - excluded’ as they do know what’s going on.

cheers

Donna

[donna]

Have you read this latest - quoting AKL Uni Professor of Economics - who says....

We're almost hysterical

Andrew King did a good job in response. Who listens to academics anyway - they are so far removed from the real world.

cheers,

Donn...

[donna]

Hi Swiss Tony,

Have you seen the HH Compliance statement on Tenancy Services?

I've dropped the link in below.

Please see this - which is part of the non-profit NZ Green Building Council - seems to have the lot - inspection, installers, and a 'homefit' cert....

[donna]

A new deed is my guess Merlot Mike but your lawyer will know for sure or poss a commercial lease agent.

Plus we have a few commercial investors on PT so you’re likely to get a answer that’s more fact than a guess.

cheers,

Donna

[donna]

^^ and you can not do that now ie issue 90 day notice so it pays to be very careful with tenant selection.

Cheers
Donna

[donna]

^^ when you say ‘as with NZ’ are you referring to returning kiwis moving to these areas and taking the houses?

cheers

Donna ...

[donna]

^^ Perry is doing what you’re doing Crashy giving his feedback on the topic and replies to the topic.

cheers

Donna

[donna]

Hi Jerry56789,

Welcome to PropertyTalk. We've had a tenant with a German Sheppard but the property was tired - i.e. not in top condition. When the carpet became threadbare near the sliding doors we had lino put down in the area. The tenant has since left and the property renovated - tenant...

[donna]

Maybe Kiwi tenants are getting a much better deal!

cheers,

Donna...

[donna]

Well interesting and thanks for doing the survey. The good news is a lack of panic selling. The challenge LLs have with rent rises is when and how much i.e. jump in with a big rise and risk the tenants put in their notice. And on that, can you use that new rent rate when you secure new tenants? Or...

[donna]

The Carter Holt Harvey debacle over the lack of timber has been described as a 'comedy of errors'.

You certainly have to laugh at the timing of it. Everything is hinging on more new builds and there's a lack of timber. While it will probably be resolved quickly it does suggest we may...

[donna]

Is the flat consented? Does it have its own title? Or is it something that could be done?

cheers

Donna

[donna]

There was a lot of FOMO going on with people wanting to get in before the revised LVR. Many would not have made the purchase had they known they'd be losing interest deductibility. But National say they'll reverse it so - maybe we won't even feel the full force of it.

However National...

[donna]

Good questions Phillip and we have a couple of builders who frequent PropertyTalk so you'll get some useful answers soon.

cheers,

Donna

[donna]

Yeah but most comments are not from Kiwis and they’re way off the mark. One said something about the changes meant LLs needing to rent a private jet instead of owning one.

No one takes that stuff seriously as they’re just a bunch of haters trolling the net to spread...

[donna]

Awesome and ACT have one going too we need to sign all of them....

[donna]

^^ that still doesn’t really make sense as $250K is quite low if you earn a good income and have a few rentals. There must be $h1tload$ of investors in their business banking area...