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28 Oct 2021 11:51
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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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     27 Oct: Clothing company Designer Wardrobe is closing its stores in Auckland, Wellington and Christchurch
     27 Oct: A call for the Government to stop and listen to councils over its Three Waters plans
     27 Oct: The Green Party says the Government should hit the pause button on its Three Waters reforms... to fully address concerns from councils and communities
     27 Oct: Ministers are meeting this afternoon, to discuss further MIQ changes
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     Today's News

    Entertainment:
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    Politics:
    US government lawyers tell London court Julian Assange could serve any prison sentence in Australia 11:14

    International:
    Australia makes new strategic pact with South-East Asian nations at ASEAN summit 11:14

    Rugby League:
    Former Warriors prop Kane Evans has signed with UK Super League club Hull FC on a two-year deal 11:04

    Entertainment:
    Jennifer Aniston and Courteney Cox have led tributes to their late 'Friends' co-star James Michael Tyler 10:50

    Law and Order:
    Police have concluded the death of Australian student Joe Jenkins was a tragic accident 10:44

    Business:
    We're being told rising power prices can't be entirely blamed on Tiwai Aluminium smelter 10:44

    Entertainment:
    Bryan Greenberg and Jamie Chung have become parents to twins 10:20

    Law and Order:
    NSW: Man charged with fatal shooting of grandad 10:14

    International:
    News at a glance: Cleo Smith search widens, Norwegian bow and arrow attack victims rise, Australia won't investigate UFOs, and see you later, alligator 10:04


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