News

REINZ Calls for Regulation of Property Management Industry

September 10, 2018
Recent news of property managers vetting prospective tenants’ bank statements has REINZ calling for industry regulation that offers clarity and transparency for renters, landlords and property managers. Conduct of Property Managers under microscope Around a third of Kiwis are now renting, making the rental market a pressure cooker for all parties involved. The result is property managers and landlords taking extra measures to ensure candidate tenants are capable of paying the rent. A social services select committee hearing submissions on the...

Christchurch Housing Market -- Healthiest in New Zealand?

August 1, 2018
Recent numbers indicate Christchurch’s housing market is fit, healthy and a great place for first-home buyers to get on the real estate ladder. In March we looked at the state of New Zealand’s housing market, asking if it was as bad as the picture painted by the ‘housing crisis’-focused media? We looked at CoreLogic’s report from January 2018, which noted that fewer investors and prices being flat for over a year had led to first-time buyers making up a quarter of...
Filed under Real Estate

Tribunal Rules Against Landlord in Smoke Alarms Case

July 2, 2018
Earlier this year an Auckland landlord was fined $2,000 by the Tenancy Tribunal for not fitting his rental property with smoke alarms in accordance with the Residential Tenancies Act and Regulations. The ruling was a stern reminder that all landlords must comply with smoke alarm legislation. Let’s look at how landlords and tenants can both ensure their rental properties meet the standard… How many smoke alarms does a house need? Smoke alarm requirements for rental properties are clearly outlined in the...

Methamphetamine post Gluckman Report

June 7, 2018
Still a Risk for Landlords Like our industry body representative, Real Estate Institute of New Zealand (REINZ), we at First Avenue Property were very surprised by the Gluckman report issued last week on meth safety levels. The report advocates a safe level of 15mg which is ten times the level recommended by Ministry of Health and ESR scientists just last year. There is a real concern that Housing New Zealand has become aware of illegal drug use involving Meth in hundreds...

Is Modular Design Key to Delivering KiwiBuild on Time?

In March we talked about the state of the New Zealand housing market, sharing some developments that show it’s not all doom and gloom for house buyers and renters. In that post we touched on Housing Minister Phil Twyford commenting that the KiwiBuild policy, planning to construct 100,000 homes in ten years, was the answer to freeing up housing stock and increasing availability in the rental markets. The KiwiBuild policy isn’t without its detractors who say the target is unattainable and...

Is Hiring a Gardener and Lawnmower for a Rental Property Worth it?

April 3, 2018
While responsibility for building maintenance of the actual house on a rental property is clearly the responsibility of the landlord or property manager, upkeep of the gardens and lawns is much more open to interpretation. It begs of landlords the questions: do I take care of them? Do I leave it to the tenants, or do I get a contractor in? Let’s delve into the pros and cons of each option and how they may affect your relationship with your tenants...

The New Zealand Housing Market - Is It as Bad as It Seems?

March 2, 2018
Talk of reform to address the ‘housing crisis’ has been dominating our headlines since the new coalition government took up house in parliament back in October 2017. One could be forgiven for assuming all is not well in the housing market and that now is not the time to buy, sell or rent. But a quick revision of recent developments paints a not so gloomy picture for all those involved. Foreign house-buyer ban policy may be eased, resulting in more housing...

Compliance Warning for All Landlords

February 2, 2018
In late November 2017, Andrew King, executive officer for The New Zealand Property Investors Federation (NZPIF), warned landlords to check the legality of their investment properties. The warning followed a Tenancy Tribunal ruling in April 2017, instructing Dunedin landlord, Vic Inglis to repay nearly $11,000 in rent to his tenant, Natalie Parry, after it was discovered his property contained unconsented work during Parry’s tenancy. Judge Kevin Phillips later overturned the ruling – which was based on a 2013 High Court...
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