Reinstating tax 'loophole' will salvage rental market, industry says

Reinstating tax 'loophole' will salvage rental market, industry says
Bringing investors back could push up prices again. (Image: BusinessDesk)
Brent Melville
Vice president of the New Zealand Property Investors Federation, Peter Lewis, places the New Zealand rental 'crisis' squarely on the last government's trifecta of housing rules that pushed private investors out of the market."The main contributor to dwindling rental properties were changes to the tenancy laws, removing the 90-day no-cause termination notice and ditching the ability for property investors to offset mortgage interest payments," Lewis said.And with private rentals in NZ making up 80% of the market, he said ho...

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