SunLive - Tauranga housing squeeze bringing people to tears sunlive.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunlive.co.nz Daily Mail and Mail on Sunday newspapers.
With around 600,000 households renting and around 41 per cent of children living in rented homes, the reforms came at a time when Kiwis were renting more than ever, she said. “That’s why a key focus of the reforms has been to improve security of tenure and enable tenants to put down roots in their communities and make their houses their homes.”
ROSA WOODS/Stuff
Tenant advocates, like Renters United, have long campaigned for caps on rents. The reforms mean it will now no longer be possible for landlords to issue 90-day “no cause” termination notices and fixed term tenancies will automatically rollover to periodic tenancies on expiry unless otherwise agreed.
A rental agent sees people desperate to find a home coming to his office in tears and a property developer predicts Tauranga will run out of land to build houses on in the next two years.
Elderly homeownership rapidly falls in Bay of Plenty, rental pool shrinks
29 Jan, 2021 05:30 PM
6 minutes to read
Susan Tutaki s dreams of owning her own home are long gone. While she always wanted to be a homeowner, soaring house prices and her inability to save while on a sickness benefit have left the 62-year-old with little hope of that happening.
And she s not alone.
According to independent research into housing affordability stress in Tauranga and the Western Bay of Plenty, commissioned by Accessible Properties, less than half of the people in the Western Bay of Plenty who turn 65 in the next five years will own their home.
Buying first home will be out of reach for more people in 2021 — CoreLogic tvnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvnz.co.nz Daily Mail and Mail on Sunday newspapers.