Mum-and-dad landlords struggle as higher rates and regulations bite

Mum-and-dad landlords struggle as higher rates and regulations bite
About half of NZ's fixed-rate home loans are due to reprice in the next 12 months. (Image: Bloomberg)
Bloomberg
Buying a rental house has long been a popular way for regular people to build wealth. But for landlords in two countries on opposite sides of the globe, the math isn’t working anymore.With higher borrowing costs cooling real estate markets globally, a change in government policy is an added burden for mom-and-pop landlords in the UK and New Zealand. Both countries, seeking to help first-time buyers afford properties, have curtailed a tax break that allowed mortgage interest to be deducted from ...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024