We are in the midst of this year’s Government Election and are finding out what each Party is offering to tempt your vote
We have one Party saying if they get elected they will regulate the Property Management Industry by making all Property Managers become Licensed, they will need to register with a, to be formed, Government Compliance Department and made to take ongoing training.
The Healthy Homes Standards is to be extended by one of the Parties but we haven’t seen the detail, we assume this will be around heating in bedrooms, double glazing, some sort of House Warrant of Fitness, security latches on all windows, ventilation systems, compulsory Methamphetamine Testing with confirmed health risk levels.
We have been told current Residential Laws will not be reformed by any Parties trying to get elected so we need to move ahead with being compliant by those Legislation deadlines.
One has promised to reduce the Bright Line Test back to two years from the current five years which is when you get taxed on the Capital Gain on your Investment Property and repeal the ring-fencing rules that prevent people who run Rental properties at a loss from claiming this as a tax break against their other income.
There are promises to rewrite, or cancel totally, the Resource Management Act to make it quicker and cheaper to build housing and quicker for Consents to be processed.
Everyone wants to build more houses but we have seen how that can’t happen without the right infrastructure, labour, materials and land to try and stop house prices going up.
We will watch with interest which party, or parties, will form our next government and keep you informed of any changes.
As mentioned above, meeting the deadlines for the current Healthy Homes Standards Legislation is a priority for all of us at the moment. We continue to have all our managed properties audited and urge you to act on the quotes emailed to you. One job every three months would see everyone compliant before deadline.
Contact Dan if you have any queries or concerns. email@example.com