Expect rents to continue to rise strongly as Ardern’s government keeps trying to pin the blame for rapidly rising house prices on property investors.
We know that Ardern herself set the stage for rampant house price inflation, yet she doesn’t want to take the blame. It was her decision to lower interest rates to historically low levels and work with the reserve bank to ensure banks had huge sums of money to lend on easy terms.
Instead of cooperating with property investors to help provide more warm, healthy homes for renters, Ardern’s government continues to wage war on investors through whatever means possible, from anti-landlord legislation to restricting reserve bank lending criteria for investors.
Arden’s decisions will lead to even less property available for rent which will cause rents to rise even faster.
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