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Early exit from tenancy agreements see renters handed expensive bills 3 Mar, 2021 10:49 PM 5 minutes to read Consumer New Zealand say it's outrageous to charge so much but property managers say they're just following the rules. Photo / File Consumer New Zealand say it's outrageous to charge so much but property managers say they're just following the rules. Photo / File RNZ Tenants wanting to exit a rental early are being loaded up with high fees from property managers and landlords. Renters' advocates and Consumer New Zealand say it's outrageous but property managers say they're just followi...

Wednesday, 3 March 2021, 8:49 am Chris Ross and Tom Peters,  On February 25, New Zealand’s finance minister Grant Robertson took the unusual step of instructing the Reserve Bank to “take into account the government’s objective to support more sustainable house prices” and affordability when setting monetary policy. The statement directed to the central bank is an empty gesture, which will do nothing to halt out-of-control housing prices and rents. It indicates growing alarm in ruling circles about anger in the working class over the escalating housing crisis. Robertson was warned i...

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...

The man’s experience is an example of how tough times are for many over 65s trying to live off the pension, with no other income. In 2020 there were 795,000 superannuation beneficiaries in New Zealand; this year the Government is expecting 826,000. Superannuation expenses are forecast to increase $969 million dollars in 2021, to $16.490b. Superannuation is forecast to cost $20.625b in 2025. Superannuants who live alone take home $847.66 a fortnight and couples take home $652.04 each a fortnight, Work and Income figures show. As of January, the median rent in Invercargill was $290, Tena...

ROSS GIBLIN/STUFF Nikki Prier and her 15-year-old son Cole were given a 90-day eviction notice from their three-bedroom house in Wainuiomata, where they have lived for seven years, the day before rental laws changed. A Wainuiomata mother and her son face eviction and homelessness following major changes to tenancy laws. Nikki Prier and her son, Cole, were served notice to leave their home of seven years the day before laws changed to ban no-cause evictions. Stuff has spoken to dozens of tenants throughout the Wellington region, who hold similar fears after being given notice in the days befo...