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Winter wisdom for Whangarei property investors
Welcome to's newsletter for June 2019. 

Brrr! We all learn something about our properties in winter, don't we? It's a time when many of us are seeing cold seep into our houses and warmth flow out. Please remember has plenty of free advice on heating solutions and we are just a phone call away. We certainly know a thing or two as we look after around 500 properties!
We don't want landlords to feel the new Healthy Homes Standards impose costs without receiving any benefit. Please give us a ring on 09 459 7139 whenever you'd like us to help with budgeting to ensure your rental yield isn't adversely affected by extra costs. 

Something which has warmed my winter is the announcement that there will be no Capital Gains Tax. This is a 'gain' for property investors. I'll write more about this below.  

Something which should fascinate property investors is BNZ announced in May a home loan rate cut, dropping their three year Classic rate to 3.89%. This pushes low sub 4% rates out further. It is the lowest three year rate on offer in the market. BNZ's new rate is for a 'limited time', due to run only until June 9, 2019. TSB, ASB and Westpac are matching this for one year, fixed, though there are subtle variations in their offers so please read the fine print on the banks' websites. Residential property investors may face some Reserve Bank minimum equity restrictions. The key thing is to get on the phone if you've got a notion to acquire a property. The team have handled as many as 1000 rental or sale properties over the years and can connect you with the experts so you can acquire a savvy investment while the market is slow and affordable. 

Al Inglis and the team


What you can gain without a tax on Capital Gains

Got your eye on a good investment? Great!
We applaud the decision not to implement a Capital Gains Tax which would have penalised those buying and selling property.

The NZ Property Investors' Federation, which often shares's position on protecting landlords, has applauded the decision not to introduce a capital gains tax. The tax was expected to make rentals more expensive because of the need to pass costs on. 

The Government is still considering looking at land banking and speculation. In the words of NZPIF chief Andrew King, "Reform of the tax system lost any validity the moment it was decided to exempt the family home from consideration for no reason other than political expediency."

“From that point onward, it was simply an envy tax and had it proceeded it would have had devastating implications on the rental sector including a reduction in the number of rental properties available and a commensurate increase in the cost of renting.”

REINZ chief executive Bindi Norwell says that as an industry they had grave concerns that a capital gains tax could push up house prices even further as seen in other OECD countries.

Those who own lifestyle blocks were facing a capital gains tax on the sale of their own home on land over 4,500 square metres.

Learn how warmer, drier homes can cost a little and bring a lot of reward

The Healthy Homes Guarantee Act has had specifications around heating, insulation and moisture stopping updated. Read the updates below.

From 1 July 2019, landlords are required to…

  •  Keep records that demonstrate compliance with healthy homes standards
  • Include a signed statement of intent to comply with the Healthy Homes Standards in any new, varied or renewed tenancy agreement.
  • From 1 July 2019, ceiling and underfloor insulation are compulsory in all rental homes where installation is practicable.
  • From 1 July 2021, private landlords must ensure their rental complies with the standards within 90 days of any new tenancy. All rental properties must meet the Healthy Homes Standards by 1 July 2024.

Heating will soon have to be provided for tenants (2021 for new tenancies; 2024 for all)

All rental homes will be required to have a heater that can heat the main living area to 18˚C (some landlords are installing heat pumps and passing the costs onto tenants). In most cases, the fixed heating device required will be a larger device such as a heat-pump or wood burner. In some cases, such as small apartments, a smaller fixed electric heater will be sufficient. The minimum size of the small fixed heater that will be acceptable is 1.5 kilowatts.
Unflued gas heaters, open fires and electric heaters (except heat pumps) with a heating capacity greater than 2.4 kilowatts will not be accepted in the heating standard, meaning that while they can still be used, the landlord needs to provide an alternative, acceptable fixed heating device. Draughts that make a home harder to heat will have to be blocked.

Insulation in floor and ceiling

Rental homes must have ceiling and underfloor insulation that either meets the 2008 Building Code insulation standard, or (for existing ceiling insulation) has a minimum thickness of 120mm. Ceiling and underfloor insulation will be compulsory in all rental homes where it is reasonably practicable to install.

Extractor fans for bathrooms and cooktops; removing moisture

Rental homes will have to have extraction fans or rangehoods or be able to adequately ventilate moisture. Where rental homes have an enclosed subfloor space, property owners will need to install a ground moisture barrier to stop moisture rising into the home

Landlords, relax - let the team at Rentals.Co manage this has contacts who can help with every aspect of the landlord experience, leaving you to get on with your true passions. wears the following hats so you don't have to. 

Click on through to enjoy our past newsletters

From the team at
ph 09 459 7139
Our  location is:

9-11 Reyburn Street
Whangarei, Northland 0110.
P.O Box 5043, Whangarei
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Rental Experts · 9-11 Reyburn Street · Whangarei, Ntl 0110 · New Zealand

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