How you vote may affect your investments and us as property managers in Auckland, here's a brief run down and some opinionated commentary on what each party vote may mean should they be voted into power.
New Zealand First will be looking to get stricter controls on immigration, while there's much debate around the actual impacts of foreign investment, its sure to say that with the high Net Permanent Migrations numbers we have seen this year, it will certainly affect auckland housing prices, and potentially the rental market.
Green Party are pushing for the introduction of the rental WOF scheme, they want it to be mandatory, and would also like to limit rental increases. The fact is that the current rental WOF scheme needs work, and paying for consultants to obtain the WOF would be a costly item for most landlords. Im not sure what the grounds are for limiting rent rises, but in the long term rent inflation cannot rise above wage inflation forever, my opinion is the market dictates what it will pay for a rental property in Auckland.
National want to fiddle with the RMA to reduce building costs. something which has been commented upon time much over the last few years.
Labour will create a healthy homes policy where tenants can take landlords to the tenancy tribunal for unhealthy homes, the tribunal could then make an order against the landlord to bring the rental upto WOF standards. I like the sound of this because its not outright everyone must now get a housing WOF, instead its a way for the properties that are actually hurting health to be addressed if a tenant feels it should be so.
Maori Party want the housing supplement to be paid straight to landlords, which is something that should have been brought into being a long time ago, this is a good idea to protect both landlords income, and tenants housing.
There are of course many more policies than housing that should weigh in on your vote, this is just a short download after reading the latest Property Investor Magazine over the weekend (worth reading).
Chase Property Management encourages you to vote.