Wholesale risk: Are retail investors giving up their rights to grab higher investment rates? nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Worse, renters have no security of tenure because these landlords may eventually need to either sell the property or move back into it. “The key thing that really marks out these build to rent developments is that treatment of the tenant as the customer.”
Supplied
Build to Rent developments like ‘Rehearsal Rooms’ have improved amenities to encourage renters to live there for longer. Property Investors Federation executive officer Sharon Cullwick doesn’t deny many landlords right now are relying on capital gains rather than the amount they take in regularly from rents. “How come there are no corporates in the industry? There’s no money in it . you’re not getting the return that you used to get.
Of that, $158,000 was a payment to the former staffer to settle a legal claim, $171,000 was paid in fees to law firm Dentons Kensington Swan and $4641.70 went to Crown Law for advice to the former Deputy Speaker Anne Tolley. So far there has been no apology to Parliament, no statement, and no accountability. This is not good enough, National s Shadow Leader of the House Chris Bishop said on Monday. If Prime Minister Jacinda Ardern and the Labour Party, who ultimately must decide if they have confidence in the Speaker, won t hold him to account then National will.
Prime Minister Jacinda Ardern told Breakfast she still has confidence in Mallard and that there s nothing unusual about taxpayer money being used in that way.