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Type: Posts; User: flyernzl

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  1. No idea. It was out in Hillsborough, Auckland....

    No idea.
    It was out in Hillsborough, Auckland. At that time the Harbour Board owned substantial land in that area.
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    Sticky: And of course any fixed term will, at the tenants...

    And of course any fixed term will, at the tenants option, convert to periodic on the expiry of the term and there will be nothing the landlord will be able to do to prevent that.
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    Sticky: One of the many frequent complaints about rental...

    One of the many frequent complaints about rental housing in New Zealand is the insecurity of tenure. While security of property occupation is one of the many benefits of home ownership, such security...
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    Wellington Council Goes landlording

    Wellington Council gets into rentals.

    https://www.tvnz.co.nz/one-news/new-zealand/wellington-council-intervening-in-capital-s-broken-rental-market


    News item makes interesting watching.

    The...
  5. Be aware that any tenant can apply to the...

    Be aware that any tenant can apply to the Tribunal for a rent fairness assessment if they think that the proposed rent is markedly above current market and the TT could well Order a reduction.
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    Correct - the 2019 insulation requirements must...

    Correct - the 2019 insulation requirements must be in place prior to any tenancy now commencing.

    Under the Healthy Homes legislation, there will be a 90 day window if the insulation needs to be...
  7. Under the proposals, the tenant would have the...

    Under the proposals, the tenant would have the sole choice of accepting the fixed term termination date or staying on and allowing the tenancy to automatically become a periodic.
    The landlord would...
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    Sticky: In the time since the recent British elections...

    In the time since the recent British elections the results have received little in-depth coverage and analysis in our local media. Apart from the shocked surprise at the outcome by many of those...
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    Sticky: Do landlords have moral and social obligations...

    Do landlords have moral and social obligations towards their tenants?

    The legal obligations of a residential landlord are clearly spelt out within the Residential Tenancies Act. In essence, the...
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    It's pretty much the same logic as 'put a CGT on...

    It's pretty much the same logic as 'put a CGT on property to bring prices down' !!
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    And in the UK the LVRs did not apply to...

    And in the UK the LVRs did not apply to buy-to-rent (ie investment) properties.
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    The problem is that the rate of increase in the...

    The problem is that the rate of increase in the values of the property has not been matched by similar increases in market rents.

    Eg One 3brm property cost $125K, many years later now worth...
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    This is the largely ignored reason why so many...

    This is the largely ignored reason why so many people do not bother to vote in the local body elections.

    It is not because they are lazy, it is not because they don't care, it is because they know...
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    I have just powered up the calculator. Most of...

    I have just powered up the calculator.
    Most of my rents are at or near market levels.
    I am earning a return of 1.67% on my rental properties.
    Is that a great return for my time, risk, efforts, and...
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    Sounds fine, until the bills for rates, insurance...

    Sounds fine, until the bills for rates, insurance and maintenance turn up. At that point many realise that there is more to the cost of home ownership than just the mortgage.
    I have actually met...
  16. Far Western Australia - Perth?

    Far Western Australia - Perth?
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    The bit he left out was 'renting was financially...

    The bit he left out was 'renting was financially better - if you rented from your Auntie.'
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    Which presents a problem - after they move there,...

    Which presents a problem - after they move there, how do you ensure that they stay there?
    Just get a cuzzy to collect the mail and pass it back up to the big city, take the $1 bus back down to the...
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    Either it will get sold to an owner-occupier, who...

    Either it will get sold to an owner-occupier, who will not suffer because they are made of hardier stuff, or the heating will never get used after the first month and the first power bill.
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    Sticky: Reminds me of that long-ago "Yes Minister" ...

    Reminds me of that long-ago "Yes Minister" proposal for failure standards.

    "Alas I am an expert, so therefore I shall rise no further."

    Mostly, for Government projects:
    "Its been a success,...
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    Sticky: You can smash bash and crash your own car. Try...

    You can smash bash and crash your own car.

    Try that with a rental car and Mr Hertz and/or Mr Avis will be most unhappy.
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    Sticky: Sandra has a problem. Sandra and her husband...

    Sandra has a problem.
    Sandra and her husband Terry live in a small house down a private right-of-way. They have been there for a few years, and like the location. It is handy to Terry’s work, and...
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    All insurance companies have a SOP - hold the...

    All insurance companies have a SOP - hold the claim up to the window and ask "If this ended up in court, would we win or would we lose?"
    That answer decides their payout policy.

    Did you know...
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    So how frequently would you make each pensioner...

    So how frequently would you make each pensioner rerun the asset test?
    Once is not enough, obviously, as someone who 'qualifies' at retirement age may well win Lotto or inherit large sums at a later...
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    "As this article says, CGT on $1 trillion would...

    "As this article says, CGT on $1 trillion would have been $300 billion or 700 000 homes. Or fund the next 14 years of Pensions.."

    Which continues the error that all politicians and lawdrafters...
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