The last thing renters need is another reason for an increase

The last thing renters need is another reason for an increase
Rent increases have hit 10% in some parts of the country.
Andy Fyers
Rent increases look set to take centre stage in the housing crisis debate.The government's housing package had nothing in the way of immediate relief for long-term renters.Some of the supply-side initiatives may eventually help, but these could take years to have an effect.Instead the bulk of the immediate support goes to first home buyers, in the form of better access to Home Start grants and – most significantly – the removal of interest deductibility for landlords.It's this provision that seems certain to keep house price...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024