Blog | Quinovic

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LVRs could ease further

Further easing of LVR deposit requirements for property mortgages could follow over the next few years, Reserve Bank Governor Adrian Orr has revealed.

Investors still buying

Investors remained active in the residential property market as 2018 ended, despite pending government measures such as ring-fencing for tax relief on rental property losses and a possible capital gains tax, according to property data and analytics specialist CoreLogic.

Quinovic Franchise of the Year

There is always keen competition among Quinovic franchises across the country for our annual awards, and 2018 was no exception. Award categories included customer satisfaction, customer retention, sales as well as the highly coveted Franchise of the Year and Most Successful New Franchise.

What lies ahead in 2019?

The Reserve Bank delivered good New Year’s Day news for investors looking to increase their portfolios, by loosening the LVR restrictions.

Looking back on 2018

Many investors will remember 2018 as a year of change, as the new Coalition Government began its rental property legislative programme and rents took some surprising turns.

2018-19 Christmas/New Year rents schedule

Quinovic management, franchise owners and staff extend our best wishes to our valued clients and prospective clients for a happy and relaxing festive season. We look forward to assisting you to maximise the value and return from your investment in 2019.

New Tenancy Fee

Quinovic, along with a number of other property management companies, are introducing a new fee to cover the cost of tenanting properties.

Property and policy updates

The Tenancy Tribunal has generally accepted 15 micrograms per 100cm2 as the minimum standard for meth contamination in rental properties, in line with the level proposed in the Gluckman report released on May 28 this year. Tribunal Chief Adjudicator Melissa Poole said the new level would apply as long as the meth test was done after the report was released.

Reform of the Residential Tenancies Act 1986 (RTA)

Public submissions on the reform of the RTA closed on 21 October and Quinovic Group Office, along with a number of its franchisees, have made submissions. The review is designed to ensure that the law governing New Zealand’s rental market strikes an appropriate balance between protecting a landlord’s interest in their property and ensuring tenants receive fair rights for the rent they are paying.

Healthy Homes Standards

Public submissions on Healthy Homes Standards closed on 20 October and Quinovic Group Office, along with a number of its franchises, have made submissions. The review sought feedback on proposed new standards for rental homes to make them warmer, drier and healthier.

Healthy Homes

Meanwhile, Housing Minister Phil Twyford has issued a consultation paper on minimum standards proposed under the Healthy Homes Guarantee Act, which the Government says must be in place by July 1 next year.

Tax report looks at housing effects

An interim report released on September 20 by the Tax Working Group says some features of the tax system – such as the inconsistent treatment of capital income – have probably exacerbated the house price cycle even if the tax system is not the primary cause of unaffordable housing.