News

Academic’s criticism of Tenancy Tribunal doesn’t reflect the reality of its work, says a property law expert.

Academic’s criticism of Tenancy Tribunal doesn’t reflect the reality of its work, says a property law expert. By Miriam Bell In her new publication, Home Truths: Confronting New Zealand’s Housing Crisis, University of Otago Professor Philippa Howden-Chapman is harsh in her description of the Tribunal. She described it as “a toothless kitten designed to do very little for the tenant and even less to encourage landlords to improve their offerings”. It was subsequently pointed out […]

Read more

Landlords required to insulate properties and install smoke alarms

Landlords will be required to insulate properties and install smoke alarms, Housing Minister Nick Smith has announced. Under plans to strengthen the Residential Tenancies Act all tenanted properties will require floor and ceiling insulation by mid 2019, while social housing which receives government subsidies will require insulation by July 2016. From next year all rentals will also need to have smoke alarms, and where new smoke alarms were being installed they would have to be […]

Read more

Reserve Bank to pause on interest rate cuts for now

A shadow board of economists and business leaders says interest rates should be left on hold this week, amid signs the economy may not be slowing as feared. On Thursday the Reserve Bank of New Zealand will announce the decision in its latest review of the official cash rate [OCR], which follows three consecutive 0.25 per cent cuts to 2.75 per cent. The OCR heavily influences deposit and mortgage rates. At the last Reserve Bank […]

Read more