We are likely to see rents increase maybe as much as 10% before the end of the year as landlords try to recover the increase in costs. The reality is that if you are a landlord you are in business and any business needs to make money to survive.
Legislation, Property Management
Over 220 Meth-Tribunal cases heard in 2016
IAG state total claims to be approximately $14 million in the last 12 months
IAG, one of New Zealand's leading insurance providers has drawn a line in the sand with regards to claims around Meth-contaminated properties and in our opinion, it leads us a step closer to compulsory Meth Testing for all residential rental properties in New Zealand.
Property Management
- Prediction that more landlords will turn to Property Managers but more companies will sell as compliance costs hit hard
- Regulation of the Property Management industry a necessity but will anyone listen?
As we return to work from our Christmas and New Year break, many of us will be wondering what will lie ahead for us in 2017.
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Legislation, Property Management
- Methamphetamine and the Osaki Case dominate the year
- Increase costs and landlords selling puts a further squeeze on rents
As this turbulent year ends, we will look at some of the key events that have changed our industry and two issues stick out like a sore thumb, much to the detriment of the landlord. Methamphetamine and the Osaki Tribunal Case.
