Housing Minister Megan Woods says “the current gap between housing supply and demand in New Zealand is anywhere between 28,000 and 200,000 homes, based on a range of estimates by banks and property experts”. That’s a pretty wide range.
Dr Woods acknowledged there is a significant housing shortage in New Zealand, which she attributed to the 8.6 percent annual increase in rents across the whole country.
“We know housing supply continues to be an issue, and that’s why we’re looking at a range of additional measures, including in the rental market, such as via build-to-rent, and we’ll have more to say about all of this in the very near future.”
So answer me this. If the government acknowledge there is a shortage and they are concerned about rents rising, then why are they constantly bringing in rules to make it harder for property investors, the Mum and Dad “rental housing providers”?
There is a lot of talk about build-to-rent at the moment. What government mean by this is large corporations, many likely to be foreign owned, coming into to New Zealand and building huge blocks of flats. This is what government want, what they think is good. Why is it better to have large corporations owning rental property rather than Kiwi Mum and Dads? Have you ever tried calling your telephone company with a problem, or your power provider? How long have you been on hold how frustrated did you get? Well, that’s the kind of service tenants can expect from large faceless corporations. They’ll be dealing with bots, instead of local property managers and landlords, many who genuinely care about their tenants.
Why do they think this will be better for tenants?
#assuredproperty #housing #rentals #propertyinvestment