News | Politics
22 Oct 2021 7:46
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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

     Other Politics News
     21 Oct: New Zealand's passed a world-first law making businesses disclose climate impacts
     21 Oct: The chief coroner has opened an inquiry into the 2019 Christchurch mosques attack
     21 Oct: Taliban praise suicide bombers, offer their families clothes, cash and promises of land
     21 Oct: AAP Rolling News Bulletin Oct 21, 1030
     21 Oct: Australian government urged to act as PNG's COVID-19 outbreak spreads among refugees
     21 Oct: Concern about a lack of consultation on the High-Wealth Individuals Research Project
     21 Oct: A project to gather information on what wealthy people own could be used by a future government
     Top Stories

    RUGBY RUGBY
    Haka performed as rugby star Sean Wainui's body starts journey back home More...


    BUSINESS BUSINESS
    Only time will tell just how much New Zealand will benefit, from its new free trade agreement with the UK More...



     Today's News

    Law and Order:
    One person has minor injuries after a reported stabbing in Hamilton overnight 7:34

    Entertainment:
    Olympic diver Tom Daley has opened up about how his sports career led to him developing an eating disorder 7:33

    Business:
    Only time will tell just how much New Zealand will benefit, from its new free trade agreement with the UK 7:24

    Rugby:
    Haka performed as rugby star Sean Wainui's body starts journey back home 7:24

    Motoring:
    For those who can travel - get out there and enjoy 7:24

    Golf:
    Golfer Daniel Hillier's in contention with a round to play at the latest European Challenge Tour event in Spain 7:04

    Motoring:
    Hayden Paddon's fastening his seatbelt for a different driving experience in Canterbury this weekend 7:04

    Law and Order:
    Former Minneapolis police officer who shot and killed unarmed Australian woman Justine Damond sentenced to 57 months jail 7:04

    Entertainment:
    Queen Elizabeth has politely turned down the Oldie of the Year Award 7:03

    Entertainment:
    Nadine Coyle has felt Sarah Harding's "presence" on the set of 'Last Singer Standing' 6:33


     News Search






    Power Search


    © 2021 New Zealand City Ltd