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29 Oct 2021 3:13
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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

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    Business:
    Christchurch Police are responding after reports someone allegedly presented a firearm at a commercial address on Linwood Avenue earlier this evening 21:54

    Entertainment:
    J Balvin has apologised for his 'Perra' music video 21:50

    Entertainment:
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    Law and Order:
    Christchurch has three more locations of interest 21:14

    Entertainment:
    Michael J. Fox thinks the support he's received from his showbiz pals has been "amazing" 20:50

    Entertainment:
    Daniel Craig has vowed to never join social media 20:20

    Entertainment:
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    Entertainment:
    Katy Perry says being a mother is similar to being a pop star 19:20

    Motoring:
    A two-day standoff between a Hikoi and Police at Auckland's Covid-19 border is boiling over 18:54


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