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27 Oct 2021 12:21
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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

     Other Politics News
     27 Oct: Covid-19 vaccine mandates could be a big relief for New Zealand's food exporters
     27 Oct: A group of protesters has stalled in its mission to move through Auckland to Waitangi
     27 Oct: A call for more clarity about when Kiwis will be able to get travelling domestically again
     26 Oct: The head of Sealord says he respects Foodstuffs North Island's right to reduce the amount of Sealord products they sell
     26 Oct: People taking permitted travel to the south of Auckland late this evening are being advised by police to delay it if at all possible, due to a major protest hikoi
     26 Oct: Time to reverse the onus of proof for taxpayers and introduce a bill of rights, inquiry says
     26 Oct: The Prime Minister's hit back at claims the vaccine certificate rollout will be delayed
     Top Stories

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    The All Blacks have ratcheted up Covid protocols heading into the European leg of their end-of-year tour More...


    BUSINESS BUSINESS
    Covid-19 vaccine mandates could be a big relief for New Zealand's food exporters More...



     Today's News

    Rugby:
    The All Blacks have ratcheted up Covid protocols heading into the European leg of their end-of-year tour 11:54

    Entertainment:
    Ireland Baldwin and Hailey Bieber have sent messages of support to Halyna Hutchins' family 11:50

    Environment:
    Police say they're disappointed by protesters at Auckland's northern and southern Covid-19 borders 11:44

    Entertainment:
    Melissa McCarthy says she would be a great maths teacher 11:20

    Cricket:
    South Africa wicketkeeper Quinton de Kock withdraws from Twenty20 World Cup match for refusing team directive to take the knee 11:14

    Rugby League:
    The race is intensifying for the last two places at the ATP World Tour finals in Turin next month 11:04

    Rugby:
    The All Blacks camp are on a heightened Covid alert after a positive test in the Welsh camp 10:54

    International:
    Gina Rinehart says polar bear numbers have increased. Is that correct? 10:54

    Entertainment:
    Jesy Nelson has revealed that her new single 'Boyz' was the first solo song she wrote 10:50

    International:
    Queen Elizabeth II cancels plans to travel to Glasgow COP26 climate summit on doctors' advice to rest 10:34


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