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17 Oct 2021 8:06
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  •   Home > News > Business

    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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     Today's News

    Living & Travel:
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    Motoring:
    Chelsea's beaten Brentford 1-nil to return to the top of the English Premier League table 7:44

    Motorsports:
    Courtney Duncan has survived a scare to move to the cusp of winning a third straight women's motorcross world championship title 7:44

    Entertainment:
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    Golf:
    Disappointment for New Zealand golfer Ryan Fox after the third round of the European Tour's Andalucia Masters in Spain 7:34

    Cricket:
    The Netherlands have pushed the Black Caps close in their opening warm up game in Dubai ahead of the Twenty20 Cricket World Cup 7:34

    Rugby:
    Hawke's Bay have sent off their long serving captain Ash Dixon to Japan with their first triumph in Canterbury since 1968 7:34

    Environment:
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    Entertainment:
    Cher is suing Sonny Bono's widow 7:06

    Politics:
    Prime Minister Boris Johnson visits church where British MP David Amess was stabbed to death 7:04


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