New data released by Tenancy Services for quarter 4 in 2022 highlights that tenants defaulting on rent payments is becoming increasingly problematic. Out of the 4,387 landlord applications made to the Tenancy Tribunal in Q4 2022, over 75% of these applications were for rent arrears. Step back to the same period in 2021; landlords only […]
The recent correction in the housing market has seen the median prices decline in 2022. The median house price for August 2022 was down 5.9% nationally from August 2021, with Auckland and Wellington both recording drops of 8.3% and 9.3%, respectively. In the grand scheme of things, this is no surprise as house prices increased […]
In recent weeks, we’ve seen tenant advocate groups, as well as the Human Rights Commission, demand improvements for tenant rights, and once again, we see a call for rent controls. There are other factors at play. There has been a slowdown in tenant movement. Towards the end of 2021, many rental properties were sold, creating […]
It may have come as a bit of a surprise to see headlines stating that the rental market had swung in favour of tenants. There are many reasons why this has been the case. The main one is that we have seen more properties enter the rental market, as vendors who would typically have sold […]
As winter bites, many tenants across New Zealand will now see some benefit from the introduction of the Healthy Homes standards. Few will protest the necessity of the Healthy Homes standards; the implementation of the standards, however, has been far from perfect. Issues around the heating standards have plagued its implementation, especially for homes built […]
