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24 Oct 2021 13:55
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  •   Home > News > Politics

    The Government says new property laws will help increase the supply of housing so won't push rents up

    The Government says new property laws will help increase the supply of housing so won't push rents up


    The interest deductibility rules for landlords were signalled in March, but were only released yesterday, and will come into force on Friday.

    Investors will be able to claim interest on new builds for up to 20 years, and owner-occupiers who rent rooms out will also get the interest back.

    Revenue Minister David Parker says rents have gone up by 10 percent over the past year, but it was even worse in previous years.

    He says in Auckland the number of houses has gone up 90 percent since 2017, which is the most important thing.

    © 2021 Newstalk ZB, NZCity

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     21 Oct: New Zealand's passed a world-first law making businesses disclose climate impacts
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     Today's News

    Health & Safety:
    Interviews continue with Blenheim's Covid-19 case -- who is currently in isolation 13:44

    Cycling:
    Aaron Gate has a spring in his step halfway through his campaign at the track cycling world championships in Northern France 13:44

    Motorsports:
    Red Bull's Max Verstappen has grabbed pole position for Formula One's United States Grand Prix with a final flying lap in qualifying to edge out championship rival Lewis Hamilton 13:44

    Law and Order:
    An 18-year old has been arrested following a chaotic boy racer event In New Plymouth last night which saw a woman crushed between two cars 13:14

    Accident and Emergency:
    Five people have been taken to Whangarei Hospital after a two-car crash near the Wheki Valley 13:04

    Cycling:
    Aaron Gate has surprised himself at the track cycling world championships in France 12:24

    Politics:
    TGA to consider booster doses as health authorities assure the fully vaccinated that they are protected 12:04

    Law and Order:
    Police have arrested one person after a gun was fired in Waikanae, on the Kapiti Coast, this morning 11:54

    International:
    South Korea's tattoo taboo is being challenged by young people, a controversial politician and boy band BTS 11:14

    Health & Safety:
    It's hoped the Covid-19 case in Marlborough will push people in the South Island to get vaccinated 11:04


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