New Zealand Property Investors' Federation

The NZPIF is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.

(027) 357 9243

www@nzpif.org.nz

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07-08-2020

The real reason for changes to the RTA

Marama Davidson has revealed the real reason for changes to the Residential Tenancies Act. In a speech during the debate on the Bill in Parliament this week, she said the Bill “will incentivise property owners to move out of owning property for rental purposes”.

While it has always been suspected, this statement confirms that the strategy of the Green Party, and possibly of Labour as well, is to drive individuals out of providing rental accommodation for tenants.

This is a strategy high on ideology but lacking in common sense. New Zealand currently has a rental housing crisis. There are not enough homes to meet the needs of all the tenants requiring accommodation.

Despite building more state houses since the 1970"s, half of which were started under the previous Government, the wait list for public housing has increased from 5,000 to 18,000 within this Government’s term.

The cost to house tenants in state properties is far greater than private rental homes.

At a time when we need Government to spend money and prop up our covid-ravaged economy, we should not be wasting borrowed money and tax payers’ funds to pursue ideological ideas on rental property provisions.

ENDS

 

About NZPIF

The New Zealand Property Investors’ Federation represents 7000 property owners and is responsible for educating and supporting landlords to ensure New Zealanders have access to high quality rental properties.

For further information please contact

Sharon Cullwick

NZPIF Executive Officer

Sharon.cullwick@nzpif.org.nz 0277770178

 

 

 

Tags: media release

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