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29 Feb 2020 19:44
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  •   Home > News > Business

    The Opposition's laying blame for the increasing rent prices across the country, squarely on the government

    The Opposition's laying blame for the increasing rent prices across the country, squarely on the government


    Rents rose at a rate of 3.1 percent last year... the strongest increase since 2008.

    National's Finance spokesperson Paul Goldsmith says newly added costs for landlords are part of the problem.

    He says the government doesn't seem to realise that it's not compulsory for people to rent out their houses.

    Goldsmith says if it becomes too expensive or difficult, then landlords will withdraw from the market.... and prices will go up.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     29 Feb: Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent
     29 Feb: The list of countries touched by coronavirus climbed to nearly 60 as Mexico, Belarus, Lithuania, New Zealand, Nigeria, Azerbaijan, Iceland and the Netherlands reported their first cases
     29 Feb: A long-awaited drought classification has brought relief to Waikato farmers
     29 Feb: Netflix is benefiting from coronavirus
     29 Feb: Corona beer has lost a major chunk of profit during the coronavirus outbreak
     28 Feb: New Zealand markets have the ability to withstand the coronavirus outbreak
     28 Feb: New Zealand Rugby is a matter of weeks away from deciding if it will enter formal discussions to allow private equity groups to invest in the organisation
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    BUSINESS BUSINESS
    Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent More...



     Today's News

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    Entertainment:
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