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26 Oct 2021 18:23
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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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     Today's News

    Accident and Emergency:
    A person has died after a single-vehicle crash on Pokapu Road in Moerewa, Northland, about 4:20pm 18:04

    Business:
    Increased forecast milk payments are a boost for farmers who still face other concerns 17:54

    Entertainment:
    Eddie Redmayne has performed his new West End show in a care home 17:50

    Business:
    Time to reverse the onus of proof for taxpayers and introduce a bill of rights, inquiry says 17:34

    Politics:
    The Prime Minister's hit back at claims the vaccine certificate rollout will be delayed 17:24

    Entertainment:
    James Gunn's "greatest fear" is that someone will be fatally injured on his film sets 17:20

    Cricket:
    The Black Caps have been plotting out how to put the roadblocks on Pakistan's dominant start to cricket's Twenty20 World Cup 17:14

    Rugby:
    Brodie Retallick's pleased to welcome another member to the All Blacks locks club 16:54

    Entertainment:
    Michael J Fox was "surprised" by the reaction to his Parkinson's diagnosis 16:50

    Entertainment:
    Bill Murray enjoys the "shared humanity" of working with Wes Anderson 16:20


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