Blog | Quinovic

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Good time to invest

A substantial fall in interest rates has boosted the relative return from residential property investment above its long-term average for the first time since 2013 and Infometric economist Brad Olsen says it seems like a good time for landlords, despite increased regulation and rental quality controls.

Market talk for investors

KiwiSaver rules should be relaxed so that first home withdrawals can include investment properties in an effort to help to reverse New Zealand’s declining rate of home ownership, Interim Retirement Commissioner Peter Cordtz has said.

Rents soar NZ-wide

Every region in New Zealand had an annual increase in rent in July (the most recent month for which figures are available) as rental properties across the country continue to attract a lot of interest from potential tenants, according to the latest Trade Me Rental Price Index.

Insurance Details Please

Quinovic’s property managers are reminding landlords to supply insurance details for their properties as soon as possible. Under changes to the Residential Tenancies Amendment Act, landlords need to provide insurance information in any new tenancy agreement.

Flipping myths debunked

Auckland Property Investors Association president Andrew Bruce has set the record straight about some key myths around property traders using “flipping” as an easy route to riches. The idea that property traders are not taxed on any profit being made is wrong, he told landlords.co.nz

Govt ‘must avert supply crisis’

Veteran property investor Jonathan Bidmead is predicting a calamitous fall in the number of houses to rent and escalating rents in a crisis unseen since the 1930s

Rentals growth mixed

New rentals are becoming more expensive in South Auckland and North Shore, but cheaper in some eastern and inner suburbs, according to calculations based on recent Government rental data.

Residential Tenancies Amendment Act 2019

The Residential Tenancies Amendment Act 2019 has now been passed into law and there are a number of changes pertaining to insurance and some tidy ups consolidating the Healthy Homes standards into the RTA. Some of the changes include:

Mum & dad buyers lead rising investor market

Market share is gradually increasing across all investor purchases with “mum and dad” buyers the biggest group, according to CoreLogic’s latest buyer classification analysis published in July.

News Briefs

Call for clarification of tenant clean-up rules Clearer guidelines are needed on what an end-of-tenancy clean-up requires, according to the Real Estate Institute (REINZ). Its chief executive, Bindy Norwell, says landlords and tenants frequently

Govt’s build-to-rent idea faces hurdles

Talk of the government becoming involved in build-to-rent apartment developments has been shot down by BNZ chief economist Tony Alexander.

Insulation pressure on as deadline passes

Reports of widespread shortages of insulation materials and labour are facing landlords who have missed the July 1 deadline to meet government insulation standards, introduced in 2016, requiring all rental properties to have ceiling and underfloor insulation installed wherever reasonably practicable, to meet the required standard.