Page 10 - Sharon Cullwick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ROBERT KITCHIN/STUFF Judith Collins and Jacinda Ardern talk about the new tenancy laws expected to pass this week. (Video first published August 4, 2020) A group of Wellington students signed a $1040 per week lease for a four-bedroom flat, only to find one of the 'bedrooms' was also the lounge. Third-year law and psychology student Emily Cooper, 20, and her three flatmates signed the lease and handed over a $4160 bond sight-unseen because they were working full time in Auckland over the summer. They feared they would miss out if they waited. “We were getting very desperate because the ter...

First home buyers are being knocked out of a red-hot housing market by investors First home buyers are being knocked out of a red-hot housing market by investors 18 February 2021 New CoreLogic data shows mortgaged investors had a 30 percent share of January's sales - while first home buyers dropped to a three-year low of 22 percent. Property Investors Federation executive officer Sharon Cullwick says they do have it tough, but investors can't take all the blame. She says investors feel picked on, but 90 percent of them are just Mum and Dads without a large portfolio. Cullwick says the Re...

The LVR rules have an exemption for new-build properties, for investors and first-home buyers. The rules will only require the borrower to either commit to the purchase at an early stage of construction, or be buying the residence from the developer within six months of its completion. But ASB has decided to require 40 per cent deposits from investors in new-build homes, too. Sharon Cullwick, executive officer for the NZ Property Investors’ Federation, called on other banks not to follow suit. RNZ The Government will announce initiatives designed to cool the property market and help firs...

Woman desperate for housing banned from showering more than once every three days 13 Feb, 2021 08:15 PM 5 minutes to read An Auckland woman has recounted a series of housing horrors - including being only allowed to shower once every three days. Photos / Getty Images, Mark Mitchell An Auckland woman has recounted a series of housing horrors - including being only allowed to shower once every three days. Photos / Getty Images, Mark Mitchell A woman says she was only allowed to shower once every three days and subjected to other draconian rules during a series of Auckland housing horrors. Her p...

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. “H...