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News

Title: EQC levy increase Q & A's

Date: 2015-07-17

Body:

Who is the Earthquake Commission (EQC)?
The Earthquake Commission (EQC) is a New Zealand Government-owned Crown Entity which provides a Natural Disaster Fund for New Zealand residential property owners. The EQC also funds research about matters relevant to natural disaster damage.
Why have Earthquake Commission (EQC) levies increased?
The current Government EQC levy is insufficient to meet the day-to-day operating costs of the EQC, including the cost of reinsurance and the cost of rebuilding the Natural Disaster Fund following the Canterbury earthquakes. The EQC levy increase applies from 1 February 2012. The EQC levy is collected by insurance companies...

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Title: Landlords and tenants both need insurance.

Date: 2015-07-11

Body:

Landlords should insure their rental property against any damage, either accidental or otherwise. Tenants can arrange their own insurance to protect their contents and liability for damage to the landlord’s property.

Landlords need insurance to cover damage
If you’re a landlord, make sure your insurance covers the property, and that the cover is for a rental property. The Residential Tenancies Act 1986 requires you to pay the premiums charged for that insurance.
Residential Tenancies Act 1986 ...

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Title: Gap between Auckland prices & rents not sustainable

Date: 2015-07-11

Body:

Capital gains are driving investment in Auckland’s housing market, but how long can the gap between prices and rents last?
By Miriam Bell
Investment in Auckland’s heated housing market defies the traditional logic of investment, according to the latest NZ Housing & Construction Quarterly.
The report, by the Ministry of Business, Innovation & Employment (MBIE), said that changes in rental growth and house price growth tend to be closely related.
When prices grow faster than rents, it usually becomes less attractive to own an investment property – even when investors are looking for capital gains.

“A housing...

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