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  1. #1

    Default Thanks Labour..really!!

    Just wanted to put it out there I vote blue not red...buuutttt! I'd personally like to thank Labour Phil Twyford,P.M JC, for over the past 18 months my rents have increased over 2 properties $5200 p.a this year and $2120 p.a last year (Wellington area) after bringing them up to healthy homes standard, after refinancing at the non advertised rate of %3.55, over 25 years for healthy homes requirements..its an excellent roi...I'm not going to lose sleep this time next year if Labour gets another term...keep up the great work Cindy lol.

  2. #2
    Join Date
    May 2008
    Posts
    3,594

    Default

    It's often said that property investors make more money under a Labour govt than under National.
    Basically, Labour hates landlords and tries to hurt them which results in a shortage of rentals which helps landlords.

  3. #3
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,793

    Default

    Sent in via the OIA last week.

    Good afternoon.

    There are rumours around that the Government is proposing to change the Residential Tenancies Act to remove the right of Landlords to offer Fixed Term Tenancies to tenants.

    This right is specifically referred to in Section(s)

    2, 5, 5A, 7, 9, 13A, 24, 25, 26, 50, 50A, 58, 59, 59A, 60A, 61, 66, 66A and Schedule one and possibly more.

    My questions of you are these.


    1. Please supply me with data and specifics relating to the benefits, to the tenant, of removing Fixed Term Tenancies.
    2. Please supply me with data and specifics relating to the benefits, to the landlord, of removing Fixed Term Tenancies.
    3. Please supply me with data and specifics relating to the benefits, to the tenant, of keeping Fixed Term Tenancies.
    4. Please supply me with data and specifics relating to the benefits, to the landlord, of keeping Fixed Term Tenancies.
    5. Please supply me with data and specifics relating to the detrimental effects, to the tenant, of removing Fixed Term Tenancies.
    6. Please supply me with data and specifics relating to the detrimental effects, to the landlord, of removing Fixed Term Tenancies.
    7. Please supply me with data and specifics relating to the detrimental effects, to the tenant, of keeping Fixed Term Tenancies.
    8. Please supply me with data and specifics relating to the detrimental effects, to the landlord, of keeping Fixed Term Tenancies.



    All data and specifics must be supplied with reference to recognized collection methods and citing sources.

    Since this is an issue which was brought up last year in the discussion document then I am sure there is (or should be) data to supply.

    Kind Regards

  4. #4
    Join Date
    Aug 2003
    Posts
    7,645

    Default

    Well done Keys - we'll be keen to know their answers.

    Seems an odd move given their tenant bias. I suppose another question would be what's replacing the 'fixed term tenancies'? There was talk of it being impossible to remove tenants unless they choose to leave or you're selling up (or something along the same line).

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  5. #5
    Join Date
    May 2004
    Posts
    2,808

    Default

    For the record, recent answer to a written Parliamentary question that seems to raise more questions than answers. (My emphasis on last sentence.)

    27162 (2019). Hon Judith Collins to the Housing (Associate Minister (Public Housing) - Kris Faafoi) (16 Jul 2019): Does she agree with the previous Minister of Housing and Urban Development who said, "Insecurity of housing is one of the biggest problems we have"?

    Hon Kris Faafoi (Housing (Associate Minister (Public Housing) - Kris Faafoi)) replied: Your question has been referred for my reply as the matter you have raised falls within my portfolio responsibilities as Associate Minister of Housing (Public Housing). Evidence suggests that tenants do not have strong security of tenure in New Zealand. The most common length of a tenancy in New Zealand is about 12 months. Statistics New Zealandís General Social Survey shows that the most common reason for movement in the rental market is due to landlords ending tenancies.

    Tenants experiencing insecure tenure may be displaced due to a competing demand for the property they live in and this leads to negative impacts on health, education and employment outcomes. Insecure tenure has a disproportionate impact on Māori as they are over represented in homelessness and housing stress statistics.

    This is why the primary objective of the reform of the Residential Tenancies Act 1986 is to improve security and stability of tenure for tenants while maintaining adequate protection of landlords' interests.

  6. #6

    Default

    Labour has deepened the shortage of rentals that helps to improve not only housing but also income potentials.

    Removing home owner’s control in terms of how long they intend to let their house to renters will remove all temporary rentals by people e.g. who stay overseas, home & income homes under special family circumstances etc.

    How will govt force the stability of tenure – maybe with penalty charges for empty houses?

  7. #7
    Join Date
    May 2004
    Posts
    2,808

    Default

    Quote Originally Posted by klauster View Post
    .... How will govt force the stability of tenure – maybe with penalty charges for empty houses?
    The discussion document is here, long closed for submissions -

    https://www.hud.govt.nz/news-and-res...cies-act-1986/

    It is fairly waffly, putting forward various idea and proposals and asking for input. Nearly 5.000 submissions were received, and the government is still considering these. It does indicate government thinking though.

    Covers proposed changes to tenancy agreements and only specific reasons able to be used to terminate tenancies. And maybe only then by order of the Tenancy Tribunal, presume on application. So termination with no reason given will not be permitted. (How about landlords have to be given justifiable reasons for tenants leaving, with recourse to the TT, haha.)

    But who knows. If the government gets spooked by number of landlords exiting the sector, and putting expensive pressure on social housing, they might oh I don't know, set up a working group to report back in 2021 or 2022.

  8. #8
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,910

    Default

    Less rentals. Higher rents. Makes more poor people.
    The poor, stupid & lazy vote for more socialism.
    So high rents are great for increasing Labours voter base.
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

  9. #9
    Join Date
    Sep 2011
    Location
    Dunedin
    Posts
    1,683

    Default

    i just sold mine

  10. #10

    Default

    I suspect the Ministers of Housing (there are 3 at last count) will put their collective heads together then their Boss will work out that this battle with landlords is not helping their cause.

    They'll get a working group together to work out how to attract landlords to the market to make things better for renters.

    They've started to see that renters need help with their KIWIBUILD MK2 - the rent to buy scheme that has had as much thinking behind it as their 100,000 homes over 10 years plan.

    They'll work out shortly that rent to buy for 4000 renters will help about 4000/600,000 (0.67%) of people currently renting and if you subsidise the rent to buy till these folks can get bank finance it could be 5 years or more to recycle the funding to more rent to buyers we might see 8000 over the 10 yrs we were supposed to see 100,000 KIWIBUILD homes or 1.3% of current renters. Leaving 592,000 renting households assuming ZERO growth in the number of rentals in NZ.

    You can then look over at the Minister of Immigration (Mr Soubrek or something I think his name is) who just allowed low income workers to bring in their families - sounds like more rentals needed - and made some claims that 30,000 companies will have more certainty when it comes to applying for foreign worker permits - assuming each of these businesses applies for and gets one more worker in who bring their families with them they're gonna need 30,000 more rentals...

    So we have 8,000 rent to buy over 10 years... taking rentals down to 592,000 & the Minister of reducing immigration increasing the demand for rental houses by 30,000 or more... so the no. of NZ rentals rise to approx 622,000

    There is only one way to fix this - subsidies for private landlords or skyrocketing rents

    My bet - BOTH


 

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