Where did all the houses go?

Where did all the houses go?

Vicki Hetherington News

Where did all the houses go? The latest data from realestate.co.nz shows nationally a total of 14,883 houses were listed for sale last month, a drop of 29.9% on the same time last year. Asking prices are cooling off too. Across the country the average asking price has cooled in May to $841,193, down by $22,203 from the March average …

Tenant safety and landlord liability

Tenant Safety and Landlord Liability

Vicki Hetherington News

With the recent focus on the Healthy Homes Standards, more stories are emerging in the media that other aspects of rental properties are dropping off the radar for busy landlords, already swamped by the looming healthy homes deadline. Tenant safety and landlord liability is important to understand. Questions regarding who’s responsibility the safety of a rental property is are complex …

What is a bright-line test?

What is the bright-line test?

Vicki Hetherington News

The ‘bright-line’ test has been a hot topic this year. Originally brought in as a simpler way of applying an income tax on speculator’s “flipping” houses, the term originates from US constitutional law where a bright-line rule or test is “a clearly defined rule or standard, composed of objective factors, which leaves little or no room for varying interpretation”. The purpose of …

Landlords can expect to feel the crunch from increased policing.

Vicki Hetherington News

Could you hear the collective groan of landlords around New Zealand as the government made the budget announcement last month? With $80 million set aside for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives, we’re sorry to say that landlords can expect to feel the crunch from increased policing. From this budget $16 million has been set aside to …

Making Minor Changes to Rentals

Vicki Hetherington News

2021 has seen New Zealand’s biggest tenancy reforms in more than three decades. Corporate Property Rentals is here to help you to understand what these changes are. One of the changes made earlier this year now means that tenants may ask to make minor changes to their rental and landlords must not decline if the change is minor. This sounds …

Minimise Costs by Claiming Expenses.

Minimise Costs by Claiming Expenses.

Vicki Hetherington News

Rising costs for landlords mean many property owners are looking for ways to minimise costs without passing additional expense onto their tenants, who are also riding out the Covid-19 storm. Claiming for expenses can help to increase your profits. If you have a rental property that is not used privately at all, you can minimise costs and increase your profits …