Page 27 - Tenancy Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Price for rentals hits new all-time high Newshub 3 hrs ago Dan Satherley © Video - Newshub; Images - Getty Related video: Growing hesitancy in the housing market as fear of missing out gives way to fear of overpaying. The median asking price for a rental increased 6 percent in the year to March, new data from Trade Me shows. It's the highest year-on-year increase since 2018, and the figure - $540 a week - is the equal-highest on record. "We're not seeing any let-up in the foreseeable future either - demand is high and supply isn't keeping up," said Trade Me property sales...

4 hours ago Related video: Growing hesitancy in the housing market as fear of missing out gives way to fear of overpaying. Credits: Video - Newshub; Images - Getty The median asking price for a rental increased 6 percent in the year to March, new data from Trade Me shows. It's the highest year-on-year increase since 2018, and the figure - $540 a week - is the equal-highest on record. "We're not seeing any let-up in the foreseeable future either - demand is high and supply isn't keeping up," said Trade Me property sales director Gavin Lloyd. "Chances are the record high national rent price wil...

Interest deductibility is a usual cost of doing business usually afforded to all businesses, but now doesn't apply in property. Data provided by Tenancy Services showed the median market rent in Invercargill from September 1, 2020 to February 28, 2021 was $500 a week. It was $325 a week in Winton and $300 a week in Gore. Southland Property Investors Association president Irene Leonard said changes to the interest deductibility rules meant rents would inevitably rise as a result of the changes. ”They have to. Investors operate as a business and the aim of any business is to make money,�...

An initial period of information gathering had confirmed that large amounts of information was being collected from prospective tenants. Edwards’ office was now moving to more targeted engagement to better understand current practices and business models in the rental accommodation sector. The meetings with representatives of tenants, landlords, property managers and related businesses would inform their review of collection, use and disclosure of personal information in the sector, and of compliance issues under the Privacy Act, Edwards said. MONIQUE FORD/STUFF Privacy Commissioner Joh...

Do you know your rights as a tenant? Don't worry, we've got it covered. It’s exciting to be a first-time tenant but there’s a lot of important information you need to know before moving into a rental. So here’s a guide for newbies on the rental scene. Pinning down a new home Finding a rental is much harder now than it used to be. But that shouldn’t prompt you to commit to paying more than you can afford, or providing more information than you have to, in a bid to secure a property. It is important to know your rights in this area. Recent tenancy law reforms outlawed rent bidding,...