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7 Apr 2020 6:10
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  •   Home > News > Business

    Changes to the Tenancy Act could drive rent prices even higher and increase homelessness

    Changes to the Tenancy Act could drive rent prices even higher and increase homelessness


    The Residential Tenancies Amendment Bill passed its first reading at Parliament yesterday and is progressing to the select committee stage.

    It proposes a ban on rental bidding, limiting rent increases to just once a year, and ending no-cause evictions.

    Property Investors Federation chief executive Andrew King says the changes would make it too hard for landlords.

    He says they'd make it even more expensive to provide rental properties, so rent prices would go up.

    © 2020 Newstalk ZB, NZCity


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     Today's News

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    Netball:
    Netball New Zealand decided it was their duty to save the Tactix 5:06

    Business:
    TradeMe is introducing new measures to continue business during Lockdown 22:27

    Business:
    The Government says Technological capability is the key to contact tracing for Covid-19 21:57

    Business:
    The infrastructure minister may ban log exports so the wood can be used as a priority in New Zealand 18:57

    Cricket:
    One of New Zealand cricket's first big-hitting batsmen has died 18:37

    Business:
    Coronavirus distancing measures lifted as Cyclone Harold lashes Vanuatu 18:27

    International:
    Scientists translate coronavirus spike protein into music, revealing more about its structure 18:07

    Law and Order:
    A man and a woman have appeared in court charged with breaching the lockdown rules in Wellington - in apparently unconnected cases 18:07

    Rugby League:
    The Warriors want to hear more from the NRL before reacting to Todd Greenberg's first concession that the competition could proceed without them 17:57


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