It could. Housing Minister Phil Twyford said in a statement to Tenancy.co.nz that “The Government will consider the future of the Residential Tenancies Amendment Bill (No 2). No timeframe has yet been decided.”
With value increases tailing off, for investors it’s the year to focus on yield – and opportunities will be numerous despite the headwind of regulatory change.
Failure to install smoke alarms in his “ramshackle” rental property has left an Auckland landlord with a $2000 fine – and MBIE warning landlords not to overlook their obligations.
Scanning across a few of the big influencers, net migration turned properly mid-way through 2017 after throwing a few dummy passes earlier to keep us all on our toes. It’s likely to continue to drop in 2018 as the Government reduces the in-flow of low skilled migrants and we start to lose Kiwis to Australia again.
No matter what you want to achieve in 2018, you can’t do it without a place to call home. Somewhere to rest, re-energise, enjoy your hobbies, and be comfortable. So, this year, why not consider what it is that would make your ‘dream house’ and work towards grabbing it with both hands.
We all start the year with the best of intentions to eat healthy, to use that dormant gym membership and to be the best, shiniest versions of ourselves.
The upcoming foreign buyer ban on purchasing existing properties is expected to have a minimal impact on sales, according to new research from the Real Estate Institute of New Zealand.
New Zealand’s record breaking migration flow – which has been contributing to high housing demand - looks to have plateaued, albeit at historically high levels.