Investors federation has plans to fix rental crisis

The critical parts of the plan include:

1. The establishment of a long-term tenancy option based on the German tenancy system, giving greater security of tenure for tenants.
2. The return of mortgage interest costs as a legitimate tax-deductible expense.
3. The repeal of ring-fencing restrictions.
4. The return of the Brightline test to two years.
5. The same rights and support for private tenants as given to state tenants.
6. The protection of neighbours and communities by returning the right for landlords to issue 90-day notices.
7. The reform of the Tenancy Tribunal.

There are no precise figures on the size of the rental economy – but the federation says using turnover (in the form of rent) as a guide then it is worth in excess of $15 billion a year.

While many believe most residential rental properties are held by large-scale landlords, a 2015 NZPIF survey shows 75.8% of residential landlords own just one rental property. Just 0.1% of all private landlords own 10 or more properties.