Property managers play a powerful role in the housing of over 600,000 New Zealanders, including 43% of all children and those vulnerable to housing insecurity.
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Property Management Code of Conduct and licensing regime welcomed
26-Nov-2020 12:45:42
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Topics: Industry Update, Property Management, Housing Market
Help us protect tenants, landlords & property managers
29-Oct-2019 05:31:49
New Zealand is one of the few countries in the OECD that does not regulate its property managers. Property managers are the gatekeepers of housing for some of New Zealand’s most vulnerable residents.
With home ownership at its lowest level in 60 years and the demand for rentals increasing, the Real Estate Institute of New Zealand (REINZ) is calling on the Government to formally review the need to regulate the property management industry, including public consultation, and announce its recommendations for reform before the 2020 election. Harcourts fully supports this initiative
by REINZ.
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Topics: Industry Update, Property Management, Landlords, Tenants
Residential Tenancies Amendment Bill (No 2)
23-Aug-2019 06:38:15
New tenancy legislation was passed on 30 July 2019 which will affect landlords and tenants. These changes take effect on 27 August 2019. The bill amends the Residential Tenancies Act 1986 (RTA) and addresses tenant liability for damage, unlawful residential premises and contamination of rental properties.
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Topics: Industry Update, Property Management, legislation
Building wealth through property investment
26-Jun-2019 06:28:11
Owning property is an excellent way to build wealth. Historically, property has been a less volatile investment with real estate values invariably tracking upwards over time. What’s more, you have the added benefit of being able to “leverage” your existing real estate investment to buy an investment property using borrowed money and grow your property portfolio even further.
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Topics: Industry Update, Property Management
Landlords and Property Managers: We are in this together – Exemplary Damages
31-May-2019 07:30:00
In recent Tenancy Tribunal cases, adjudicators have awarded exemplary damages against both landlords and property managers when there has been a failure to provide and maintain premises in a reasonable state of repair. This will be extended to include failure to meet the new insulation standards from 1st July 2019.
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Topics: Industry Update, Property Management
Small footprint department stores could be the next big thing
10-May-2019 09:43:10
The retail sector in New Zealand is going through a period of rapid and unprecedented change, and retailers need to adapt fast to stay afloat.
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Anti-Money Laundering Implications
17-Dec-2018 11:35:51
New Zealand is a target for money launderers. It is estimated that well over $1 billion a year from drug dealing and fraud is laundered through New Zealand businesses.
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Topics: Industry Update, due diligence, legislation
Client Advisory - Anti-Money Laundering
06-Nov-2018 14:40:03
The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act) has applied to financial institutions and casinos in New Zealand since 2013.
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Topics: Industry Update, Business Finance, Risk, legislation
What you need to know about the Overseas Investment Act changes?
06-Nov-2018 14:33:42
Topics: Industry Update, Lawlab, Business Finance, legislation