Subscribe today - find out more
Why you should consider BusinessDesk
Property

Govt ignored HUD advice on measures to deter landlords

Jenny Ruth
Thu, 29 Apr 2021

Govt ignored HUD advice on measures to deter landlords
Housing Minister Megan Woods was advised not to remove interest deductibility (Getty Images)
Jenny Ruth
Thu, 29 Apr 2021
The government ignored advice from officials when it imposed a raft of new measures in March to stem house price inflation by deterring landlords.The Ministry of Housing and Urban Development advised the government in December not to remove the deductibility of mortgage interest for existing landlords because of the likely negative impacts on tenants.Those predicted negative impacts included higher rents and the displacement of existing tenants if landlords decided to sell their properties.That advice from the ministry to housing minister Megan...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Self promotion
Specialist publishers win big at business journalism awards
Staff reporters | Thu, 09 Dec 2021

From dozens of entries, the NZ Shareholders Association Business Journalism Awards judges chose winners mainly from the smaller, specialist and independent publishers.

Property
Australian firm buys NZ's Builderscrack for $12m
Brent Melville | Thu, 09 Dec 2021

The online tradie networking site has been sold to the Australian Hipages Group for more than $12 million.

Property
NZ's newest label: #1 in global house inflation
Brent Melville | Thu, 09 Dec 2021

The Reserve Bank's money-printing through the covid pandemic helped prompt a house price rise that surpasses any other nation.

Partner Content
Cloud solutions for Whānau Āwhina Plunket

Whānau Āwhina Plunket’s busy staff have moved to Canon’s uniFLOW print management solution, allowing them to focus less on admin and more on tamariki.

Sponsored
Welcome to the shortage economy

In the short term, the pandemic has created a shortage economy. The big question is whether inflation pressures are going to persist into the future.