June 6, 2026 • 41 mins
Aspire Property Management's Mike Atkinson discusses tough times for landlords, calling it the worst market in 50 years.
For years the story was rental shortage, rising rents, desperate tenants, but now we’ve got softer rents in some main centres, more townhouses and apartments, and tenants needing affordability.
So, the question arises, is it a renter's market, and if so, how long will it last?
And what is the golden number for what percent of your income you should spend on housing?
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Speaker 1 (00:05):
You're listening to the Weekend Collective podcast from News TALKSB.
Speaker 2 (00:11):
And welcome back to the Weekend Collective. I'm Tim Beverage
if you have just joined us. By the way, if
you miss any of the hours after six o'clock, go
and check out our podcast on iHeartRadio. A great panel
there with Jenny Vernon and Paul Spoonley are really good fun,
mind you. I always love my panels because we've got
great panelists across the board, so but yeah, that was
particularly good fun. Look as Jenny was with us as
(00:33):
we head towards Field Days which start on Wednesday, So
I don't forget to get along to field Days if
that's been sort of something you've penciled in your calendar,
right it in pen Anyway, this is the one Roof
radio show, and we're going to have a bit of
a chat about the rental side of things, and you're
welcome to give us a call if you've got any
questions or you're seeming to give your opinion or get
(00:54):
some advice. And there are a couple of things we're
going to dig into. So because you know, you'll recall
for years the story was well for years, the story
was properly market going gangbusters, shortage, rising rents, you know, tenants,
desperate tenants. I mean, the number of people who would
be interviewing. I don't know what is this this state,
but we've got a guest and who's going to shed
(01:15):
some light on this. But you'd hear stories about the
number of people who are interviewing to rent a particular house.
But now, I don't know, it feels like it's maybe
there's a bit of downward pressure on compared to what
we've seen, influenced perhaps by government policy, but that we're
going to have a look as into whether the downward
pressure on rents is a thing, and how long is
(01:36):
it going to hang around if it is, and how
it's fitting in with landlords and investors expectations, because you know,
we've got things like rates are going up, and really
what landlords would love to do is pass on the
rate rises. And right around the country we've seen rate rises,
so we know what it means for homeowners, but what
(01:56):
about renters. How much of it can be passed on
to tenants? How much of it should be passed on?
I guess you know that's where we talk about the
free market. But the other question I want to do
into on the talkback front is now, it's not this
is not about digging into this particular topic around you know,
the social housing and now occupants are going to be
(02:16):
spending thirty percent of their income on rent, and so
that you know, there's been a bit of a hot
take from many people on different sides of the political spectrum.
And look, if you are in social housing, you know
you are getting by if you can on a small
amount of income. But there are those who are getting
(02:37):
by in a small amount of income who are actually
paying for rent as well. So it's a difficult equation
to get right. But the government's looking at thirty percent
of income on rent. I want to ask you, I
eight hundred and eighty ten eighty is that actually in
the private sector? Is that a good deal? If you
are a couple or a family, would you consider thirty
(03:01):
percent really high or would you say, oh, luxury. I
love it if it was thirty percent, because if you're
if you've just bought a home and you're a first
home owner, you might be spending a hell of a
lot more than that on your mortgage. I don't know,
but we'd love your thoughts on that. What is your
golden percentage that the average person should spend on housing?
I eight one hundred and eighty ten eighty text nine
(03:21):
nine two. Now I've waffled on, but I had to
give it that introduction before I introduce my guest. He's
sitting here very patiently. He is well, he's the boss
at Aspire Property Management and his name is Mike Atkinson.
And Mike's with me. Now, good a Mike, how are
you going good?
Speaker 3 (03:34):
Thank you? Thanks for having me.
Speaker 2 (03:36):
So you keep busy. That thing's busy in the rental world.
Speaker 3 (03:40):
Yeah, the rental market is busy.
Speaker 4 (03:42):
We've sort of seen demand for the rental properties just
dropping a fraction as we're heading into winter.
Speaker 2 (03:48):
That's why would what would demand drop when when arguably
the one time you really need a home?
Speaker 3 (03:54):
Yes, how does that work?
Speaker 4 (03:58):
It's always around summer being a little bit busier in
terms of people moving, and I think that might be
for school zones. You have students coming in and out
of markets as they move around the country. So yeah,
winter it does always slow down. So we are seeing aller.
Speaker 2 (04:13):
Ah you mean in terms of your activity, So people
are just that means there's less flux, So wherever people
are there staying put.
Speaker 4 (04:20):
Yeah, that's right, and less people turning up for viewings
as well. So the properties that we do have to rent,
we're any sort of getting one point six groups of
people per viewing and in the summer you can get
like five groups of people per viewing.
Speaker 2 (04:32):
Wow, that is a huge difference.
Speaker 3 (04:34):
Yeah.
Speaker 2 (04:35):
Can you paint a bit of a picture in terms
of the history of what the rental market's been like
over the last four or five years, because you know,
we often talk back in the media, it's often finding
the hyperbole, the hyperbolic situation like oh, you know, there
wasn't there was a rental open home for something and
we had sixty people through and I can't get a
(04:55):
place to rent, And those are the stories that get amplified.
But what's the reality over the past few years.
Speaker 4 (05:01):
Yeah, so those stories always do get amplified. And there
was a bit of a shorter but from about December
twenty twenty four, rents have been flat and that's because
the you.
Speaker 3 (05:10):
Know, the supply and the demand are relatively equal.
Speaker 4 (05:13):
So the days of people queuing around the corner to
get a rental property are definitely over, and it's much
more of an even market at the moment.
Speaker 2 (05:22):
Because off the top of my head, I'm going to
take a stab in the dark and say that if
I was renting in Auckland and my wife and I
could get away with paying thirty percent of our income,
I would be thinking that's actually sort of a ballpark.
What do you I mean, you've you've rented in who
hasn't rented? Well, that'd be an interesting question, wouldn't it. Yeah,
(05:44):
what's your take on the thirty percent?
Speaker 4 (05:46):
I think it's probably most people are paying, So twenty
five percent of people are paying more. According to STATSNZ,
twenty five percent pay over forty percent.
Speaker 2 (05:54):
Are they all in Auckland?
Speaker 3 (05:55):
I would imagine so, because the rents are higher here.
Speaker 2 (05:58):
Does that mean everyone basically Auckland is what percentage of
the country's population. So everyone in Auckland's paying more than
thirty per is a rough guess for me.
Speaker 3 (06:06):
Yes, they would probably be a good guess.
Speaker 2 (06:08):
Oh, except for Queenstown of course. But if you're renting
in Queenstone, well, if you're living in Queenstone, you're probably
living in Cromwell.
Speaker 3 (06:15):
We can't get a house in queenstowne I imagine.
Speaker 2 (06:17):
Well, not for less than a thousand bucks a nine. Yeah, sorry,
I got completely sided. I sidetracked myself there. So is
that sort of in fact, do you think that's how
do you think the government arrived at that figure of
thirty percent of income or do you just think they
rounded into a nice figure when they realized I no, No,
it's a funny one because they're trying to balance people
(06:38):
who don't get social housing, who are on low incomes,
who are paying privately, who are paying a hell of
a lot more probably than thirty percent.
Speaker 4 (06:45):
Yes, I mean, I guess they have to consider as
well that if you take thirty percent of somebody's income,
can they survive on the other seventy? So they probably
can't put it up too high if the other seventy
isn't going to be enough for people to pay for
food and electricity and things like that.
Speaker 2 (07:00):
Yeah, you've done some calculations on the back of a
well these days the back of an envelope. It's now
on the front of a smartphone.
Speaker 3 (07:06):
That's right.
Speaker 2 (07:07):
But let's in fact, it was interesting we were talking
in before we went on air in the break that
you're having a stab in the dark about what a
couple would be spending. But let's say a couple who
are on average earning eighty thousand dollars a year each,
so that would be one hundred and sixty thousand after tax.
(07:28):
What's that? Probably about one hundred.
Speaker 4 (07:29):
And seven hundred and thirty five dollars a week they
would have as they're thirty percent.
Speaker 2 (07:36):
Which doesn't what's how does that fit in terms of
Auckland rents?
Speaker 4 (07:39):
Well, that is above the median rent, So you would
be able to get a standalone home for that, provided
you were in, you know, a suburb not that close
to the CBD.
Speaker 2 (07:50):
Not that close to the CBD. Let's get into that
euphemism there. What's I'm not that close to the CBD.
I'm saying in an Auckland context, that's probably half our drive.
Speaker 4 (08:04):
Yeah, I mean you could get a townhouse in a
very nice suburb for that price.
Speaker 3 (08:07):
These days.
Speaker 2 (08:08):
Oh yeah, Actually, how common are people renting apartments and things?
Because as I drive around Auckland, you notice more and
more apartments, and there's a lot of social housing apartments
that are springing up, but also there are a lot
more apartments. Is that quite a popular choice for renters
or is that more the young renters are it just
got on their first job at a university or whatever.
Speaker 3 (08:29):
Well, it's a bit of a mix.
Speaker 4 (08:30):
But again that all those new apartments and townhouses, those
are what is tying into the flat rents because that is,
in fact the result of all the intensification work that
we've done around Auckland, and for tenants it's paying off
now because there's an extra amount of supply and that's
keeping the prices flat. And that's why we're not seeing
rents go up, and that's why landlords are struggling to
(08:52):
pass on like their rates increases because the market won't
let them charge anymore.
Speaker 2 (08:56):
So what actually, what do those rent sorry, what do
those rates rises mean? Okay, so in the context of Auckland,
we're going to a seven point nine percent rate rise.
I think my rates bill is probably average four thousand
dish a year that I imagine that's sort of average
or is it slightly above average that, But it's anyway
(09:18):
seven point nine percent. That's going to be another three
hundred bucks or something I think a year roughly. Actually,
it's not the worst thing in the world for landlords,
is it. Of course, they're probably going to be paying
what a few extra dollars a week on rates, So
does it really I mean then again that you earn
rent dollar by dollar, what's your take on it?
Speaker 4 (09:37):
Well, when you add in that insurance costs of well
have gone up twenty one percent. But if you were
looking at Auckland rates, you just have to be thankful
they're not in Hamilton. There's have gone up forty four
percent in total over the last three years, which is
just a huge rise.
Speaker 3 (09:51):
Forty four percent.
Speaker 2 (09:56):
What's what's the what's the what's the bump this year
that they're having.
Speaker 4 (10:00):
I think it was fifteen this year. They're doing some
long term planning with their maintenance funds there, we're.
Speaker 2 (10:06):
People not paying rough and we're Hamilton rates cheap at
some stage where people go, what do you mean you're
only paying a thousand bucks a year?
Speaker 4 (10:12):
I think that is what's happened is they didn't put
enough money aside for infrastructure projects and now they're all
having to catch up unfortunately.
Speaker 2 (10:18):
And Wellington water and all that sort of stuff that
needs I think having a ten percent rate rise. Isn't
it funny that the just I mean, this isn't a
side that the Auckland discussions been the one obviously, because
one and a half million people. One and a half
million people still is that the stat here live here.
And yet there are towns around New Zealand where there
be like, I'd be luxury if I could get away
with that rate spill increase.
Speaker 4 (10:39):
Yeah, because we I mean, but we do get to
throw our food scraps away in a little ben as
well as part of that.
Speaker 3 (10:45):
So that's a real reward for us in Auckland.
Speaker 2 (10:47):
Oh, I think Mike's the old food scraps. Actually it's
I mean, there's so many different questions that come out
of us because I philosophically, and look, we all have
to adjust philosophically to increase costs because otherwise you just
end up going to sleep and lying there with your
eyes open half the night. I do. This is going
(11:10):
to irritate people, probably, and I don't use the train,
but I actually am kind of it. I'm almost reconciling
myself too.
Speaker 5 (11:21):
Well.
Speaker 2 (11:23):
You know, once the curls open, we're paying a bit extra.
Hopefully the city is going to feel like we're actually
to me, that's the value for money prospect that I
finally think that Auckland's needed as a well linked up
rail network. What's your take on it?
Speaker 4 (11:36):
Oh, I think the rail network's going to be amazing,
you knows it. As we continue to build it out.
It makes you feel like you're actually living in an
international city. If you can catch a train somewhere.
Speaker 2 (11:44):
It's like we've got our big boy and girl pants on,
isn't it?
Speaker 3 (11:47):
Absolutely?
Speaker 2 (11:48):
Okay, let's let's get back to that question about the
rates and stuff. So what does it mean for the
rental market the increased costs that you've described around the
country and of course, as you're saying Hamilton, over the
last few years, forty four percent rate rise? What does
that mean for the rental market? For investors in general?
How are they coping with all this?
Speaker 4 (12:08):
Well, they can obviously try to pass on as many
of the costs as they can, but again, the market
will only allow you to charge what the tenants will pay.
But you do have landlords that might not have put
the rent up for three or four years. Not every
landlord has a big mortgage, and so when these increases
come through, that can be the tipping point for a
landlord that hasn't put their rent up for five years
(12:28):
to say, well, hey, enough is enough.
Speaker 3 (12:30):
I'm going to have to put it up by fifty
dollars a week.
Speaker 4 (12:32):
It can also be the tipping point for a landlord
to say, you know, I'm not going to continue anymore.
I'm going to put the property up for sale.
Speaker 2 (12:39):
And what are we seeing? What are you observing? From
your end as a property management company.
Speaker 4 (12:45):
We have seen quite a lot of owners sell over
the last two years, more than normal. And it's tricky
as well because then the sales market is not particularly
great as well, so it's not actually the best time
to sell. But for some people, they've just the numbers
don't stack up anymore and they just want to get out.
Speaker 2 (13:05):
Interesting, isn't it that? Because I've hosted a property show
for a few years now, and you know, there was
a time when you literally go on air and just say, hey,
what's the market doing? And the phones are ring hot
because everyone's obsessed with property and you can just feel
that even just from a conversation point of view, the
type of conversations we're having are shifting. But it's I
(13:26):
never never sure, you know, I was always a bit
cynical and I look, we all should have bought a
property in Hamilton a few years ago before it went nuts.
That was the running gag on this show. But you know,
nobody sort of sees the tough times coming in a way,
And would you describe it as tough times for investors
rent landlords on the whole.
Speaker 4 (13:45):
Definitely tougher than it's been for the last sort of
fifty years, where it was just champagne breakfasts and takes
free capital gains. So yeah, it's not it's not that
it's not the easiest time for a landlord, but the
investment still makes a lot of sense for people. You know,
my wife and I we've got a rental property and
we're not thinking of getting rid of it anytime soon.
Speaker 2 (14:05):
Yeah, how long have you had it?
Speaker 5 (14:06):
For?
Speaker 3 (14:07):
Three years?
Speaker 2 (14:07):
I think?
Speaker 6 (14:08):
Oh?
Speaker 2 (14:08):
Okay, so you probably okay? Right, So that was which
which city do you mind telling us?
Speaker 3 (14:13):
Auckland? Okay, I think bought right at the top of
the top.
Speaker 2 (14:16):
Oh really, yes, anyway, Sorry, I hope you're not clenching
too much and having to make that declaration. Hey, look, look,
we'd love to hear from you on There are a
couple of questions on what do you think the how
long do you think the downward pressure on rents is
going to be in play because, as you've heard Mike
(14:36):
from a SPA property management talking about that, there are
some people who are getting out because it's just you know,
even though it's a tough time to be selling because
you can't pass those costs on. But if you're a
tenant or you've been a tenant, what is the sweet
spot when it comes to the proportion of your income
that you will tolerate spending on a roof over your heads?
(14:58):
Eight one hundred and eighty ten eighty Because as you know,
the government has set it for social housing occupants at
thirty percent of their and come on rent, what would
the goal be for you or would you look at
thirty percent and going, God, that's luxury. I'd love to
be paying thirty percent for my house, but it's cost
me a lot more than that. Likely in Auckland it
is twenty two past four. The number is eight hundred
(15:18):
and eighty ten eighty in text on nine two nine two,
We'll be back in just a moment. News Talks EDB
Keeping your.
Speaker 1 (15:25):
Eye on the property market, The One Roof radio Show
with Conroy removals New Zealand's favorite mover.
Speaker 3 (15:31):
They Know what moves you. News Talks B.
Speaker 2 (15:35):
News Talks B eight hundred and eighty ten eighty. This
is the one roof radio show. My guest is Mike
Mike Atkinson from Aspire Property Management, talking about you know
what percentage of your rent would be? You know something?
You think a thirty percent? What do you budget for?
And it does tie into the social housing question, so
we know we're not going to avoid that topic as well,
and I suspect we won't be able to with my
first caller, Sue, Hello, high term time, Mike, Hello, how yang?
Speaker 5 (16:02):
Oh, I'm I'm good at the moment, I'm still I'm
angry over the rise in social housing rent from twenty
five percent to thirty To me, it's scrape in the
bottom of the barrel. And this because winds calculate and
comes and allocate the houses, so it's there for those
(16:28):
who have the very least and I mean the very least.
I see it every day.
Speaker 2 (16:33):
Secondly, that, by the way, I don't know this and
you don't have to share. Are you a social housing
tenant on or have you got your own?
Speaker 5 (16:40):
Sort of everyone knows. I am.
Speaker 2 (16:43):
I didn't want to assume it because I just I
did assume it, but I want to double check, so
Mike didn't know.
Speaker 5 (16:50):
And I run this theyrea because I've been here the longest.
Speaker 2 (16:54):
Okay, you run this area. Are you like the mafia
don of your particular social housing area.
Speaker 5 (17:02):
I've been here the longest.
Speaker 2 (17:04):
Okay.
Speaker 5 (17:05):
Secondly, the impact on pension is with only super as income,
they're going to pay an extra thirty one a week
or sixty two a fortnight next April or first it
starts the same blooming day the annual pension adjustment comes
(17:27):
and the first that made the winter energy payment starts,
and that's going to leave them with those two things
totally negated. And I think it's a real bad thing
they're suggesting. And I'm just annoyed. No party has come
(17:47):
out and stipulated the say, you know, negating two things
that are needed. So no, I'm really against it because
of the people that reside in them. I've got a
very low, very low income, by the way, but I
don't care. You know.
Speaker 2 (18:10):
What, what did you make of that? Because I guess
there was also a bit of a fairness and consistency
argument because there are people who are on low incomes
who are actually private who are renting privately and it
costing a lot more. Do you buy the I mean,
naturally in life there are inequities and unfairness. What's your
take on that?
Speaker 5 (18:28):
Yeah, but a lot of those people, the majority, I mean,
if you're working, you don't qualify for social house obviously,
although there's some still in them playing market rent. But
the thing is, well, why didn't they just put the
commendations up from and up? You know, I saw it
(18:50):
in the paper the other day that Nikola Willis is
using they're increase to make whom a lot of presents
to make who buds that look better? Three hundred and
ninety million over four years. But they don't realize how
many pensioners are going to be put into etc. Poverty
(19:11):
because of it.
Speaker 2 (19:12):
Yeah, I know, politics, I mean, this is Mike, It's
probably more of a political question. But what's what What
are we seeing in terms of the low end of
the market for people who might be relying on a
benefit or something but don't have social housing. What do
you know anything about what they're paying as a proportion
of their income. Well, it is not you, so I'm
(19:32):
talking to Mike.
Speaker 5 (19:33):
No, No, I don't mean it's not about me.
Speaker 2 (19:36):
Well, no, asked me Mike a question. Sorry while you
were on the line, But Mike, you might want to
defer to Sue.
Speaker 3 (19:44):
I'm not.
Speaker 4 (19:44):
We don't know exactly what the percentages are for when
a tenant. A lot of tenants get their rents sent
to us directly from wins.
Speaker 3 (19:51):
Yeah, so we're not. We're not. I don't know what
the sort of percentages are on their side.
Speaker 2 (19:56):
Thought okay, oh okay, So but that percentage is deducted
and they get.
Speaker 5 (20:02):
There ruining actually normally how much supplement they get, you know,
I mean, they're not going to put someone that's soon
in good money into a social health for goodness sake.
Speaker 7 (20:16):
You know, it depends what.
Speaker 2 (20:17):
Your definition of good money is, of course, because if
you're if you're on your own and you're as opposed
to if you've got a job and you've got three kids,
you might even have less money than the single person
who's in social housing. So it is difficult to balance
all these things, isn't it.
Speaker 5 (20:31):
So yeah, of course it is. But you know, I
know people run the base that only homes and they
struggling too with the mortgages and the rates and everything else.
Speaker 2 (20:46):
Well, what you mean is they own part of their home,
so because if they own the whole home, I'd be
worried if they were struggling. But then again, I mean,
once you've retired, you know, it's not a lot of
money to go around. Thanks Sue, I appreciate your cough. Right,
let's keep it going.
Speaker 7 (21:00):
Ray.
Speaker 2 (21:00):
Hello, ah hi, how are you.
Speaker 8 (21:03):
I'm coming from the landlord's side. Yeah, honestly, are im
bed every night worrying about what we're going to do?
Speaker 2 (21:12):
What incredible? What a terrible state of mind to be.
Speaker 8 (21:15):
Na, Well it is. It's because what do we know,
it's top them opportunities come in. If they come in,
I'm a pensioner, my land tax is going to be
fifty six thousand dollars a year.
Speaker 2 (21:28):
Ah well, hang on, okay, is that the opportunities No, no, no, no,
no no. But what I mean is if the opportunities
party get and look, they're not going to it's a
long way from one or two percent to five. But
also they don't they don't get to rule the roost
at five percent either, so I don't think that.
Speaker 9 (21:46):
Yeah.
Speaker 8 (21:46):
Yeah, but then if Greens get in, oh yeah, we'd labor.
We've got gains tax, and then on top of that.
If they decide to bring in the wealth tax, the
wealth tax will coross me fifty eight thousand dollars a year.
Speaker 3 (21:59):
Well, the well's going to.
Speaker 9 (21:59):
Weigh it up.
Speaker 2 (22:01):
Well, actually, the wealth tax is a terrible idea.
Speaker 8 (22:04):
Yeah, I know, but you don't know what they're going
to do, so you have no As a landlord. You
need to know where you're going forward because you're fixing
your mortgage, you're fixing your rent. I have put rent
up for years, but you're fixing your rents. You're fixing
you have to do something.
Speaker 2 (22:24):
Wait, you've hut on something and I'll bring mic And actually,
because that is one of the problems we sort of
have in New Zealand, I would say, more than other countries,
is that there doesn't seem to be a uniform understanding.
Everyone wants to do radical things left and right of
the of the of the property market. What's your take
on it, Mike.
Speaker 4 (22:43):
Well, yeah, it's that uncertainty, isn't it That causes stress
and anxiety for people. Because we're coming up to a
potential change in government and we're going to there can
be a total about face in terms of what landlords
can expect.
Speaker 2 (22:56):
And we still don't know what the policy of the
Labor Party is as well, Ray, you're still there, by.
Speaker 8 (23:02):
The way, no, or if we just go on what
they're even saying now, I'm not worried about a capital
gains text hugely, you know, because I don't think how
prices is it going to go up too much? Well,
I am worried how much they the Greens have because
they may bring in a light wealth tax just to
(23:23):
requease them. And then I've got to make the decision. Okay,
Am I going to fix my mortgage for two years
and run into the capital gains text time? Or am
I going to keep get hit by the Greens within
that time with something else you don't know? And when
you don't know, that's when you might make the decision
(23:43):
to sell and then there's unless properties available.
Speaker 2 (23:47):
Yeah, now that's actually Ray, you have had on something
in fact that The question I think that comes out
of that mic is also rates rises the big problem?
Or is political uncertainty the big problem for the rental market?
And I think it might be political uncertainty versus a
few hundred bucks on your rates.
Speaker 4 (24:03):
Yeah, I mean, I think it all adds up to
me making it not a particularly great time to be
a landlord.
Speaker 2 (24:08):
Yeah. By the way, I know we you know we're
not talking about capital gains, but I think it's worth
it for ray that you know, if I was an
investor and I was paying capital gains tax, Look, it
wouldn't bother me too much, to be honest, because if
I am having to pay tax, it means I've made
some money so long as I've got reasonable deductions. I
don't know if for capital gains taxes. It's two things.
(24:32):
Hipkins reckons it's going to realize all this income. Well,
it's not because the property markets could put so they're
not going to make any money out of a capital
gains tax. But secondly, you know, if there's money to
be made, I turn up to work and I have
to pay tax on I don't mind paying tax if
I'm if I'm making money, but not if I'm making
a loss. And that's I guess that's the devil is
in the detail, isn't it.
Speaker 4 (24:53):
Yes, And it does make it if they do bring
in a capital gains tax. It does make property investment
a slightly less attractive proposition because it does mean at
some stage, instead of getting one hundred k tax free.
You've got to give thirty grand of it back to
the government if you maker.
Speaker 3 (25:06):
I'd still like the seventy Yes, better than that, but
it's just.
Speaker 2 (25:08):
The returns are as it's worth the sleep well, as
I say, we've had ray there. How many landlords do
you think would actually be And look, by the way,
you might not like landlords. We get a bit of
hate mail on landlords and stuff, but let's just get
some stats out there. What percentage of the rental market
has provided private in New Zealand. It's more than eighty percent,
isn't it. I'd say so, yeah, yeah, but how many
(25:32):
what percentage of landlords? Do do you detect people being
slightly more stressed or what's the deal?
Speaker 4 (25:39):
Yeah, I think any of the landlords that have sort
of gotten into the market in the last five years
are definitely more cost conscious than the ones that have
been in it for longer because they haven't had the
capital gains to sort of offset any of the.
Speaker 3 (25:51):
Cash flow issues that they've got.
Speaker 4 (25:54):
And we do have landlords who have bought three four
years ago and you know, they can't really sell because
they the property has gone down and now they have
to keep making the payments and topping up their mortgage
payments as well, So a lot of them are under
quite a bit of financial pressure at the moment.
Speaker 2 (26:09):
Yeah. So look, it's not easy either way, and I
just do wish we didn't have to divide ourselves as
to one side hating the other and the other smiteer.
That's the extreme of politics anyway, isn't it. Anyone loves
to find a bogey man to sort of painters of
the villain. Anyway. Look, we will back.
Speaker 3 (26:25):
With more calls.
Speaker 2 (26:25):
I've got a bunch of calling and to have you,
we'll say on things. Eight hundred and eighty ten eighty.
It is twenty four minutes to five news Talk's edby
S News Talks here b This is one roufradio show
talking about the whole rent situation and the pressure on
landlords and downward pressure on rents and as thirty percent
of your income, I'm not talking. I mean other people
will talk about the social situation, which is fine, But
(26:47):
what's your percentage of income as a private renter that
you'd be happy to pay? Eight hundred and eighty ten
eighty is the number all you expect to pay because
you might be like, well, I'm earning a truckload of money,
and I'm going to up it because I can afford it.
I don't mind spending a decent chunk of my income
on the right house. And Mike Atkinson from ASPI Property
Rental as my guest. Let's go to Helen.
Speaker 6 (27:08):
Hello him and Mike, Yes, thank you. This worries me
about this rent accommodation supplement. You know, rent increases states
housing tenants and then their accommodation supplement going up a
bit to compensate, and that that is where the money
(27:29):
is intended to go. Well, that doesn't seem to me
to be any thing written ind to this that prevents
the landlords from immediately saying, all right, the commendation supplement
has gone up, therefore we're going to put our rents
up and something. And you know, there's some of the
landlords really really struggling, like that last woman, but also
(27:50):
like there's a number of politicians who actually rent to
the public, and I would hate to think that they
would take advantage of this and the money would go
to them. That's a very cynical kind of view, but
I'm just I'm just well, yeah, I think there's enough
protection in this for the accommodation supplement that's going to
the rise to going to the people in the privatemicles.
(28:13):
I don't see that there's any protection at all from
them having their rent.
Speaker 2 (28:17):
Put well, the market, like I'll throw it to Mike
actually because I guess how much, and you probably won't
like the way I put this question, Allan, But I'm
asking Mike here. I mean the market. The market does
have sort of safeguards built in in a way that
it's a market that if you want to charge more
than the average beer, then you might lose your tenant.
Speaker 4 (28:37):
Yeah, exactly, if you put a rent increased notice out
to a tenant, there's a chance that they'll turn around
and give you a twenty one day notice and decide
to move on to a cheaper property.
Speaker 2 (28:45):
Yeah. I mean that is in a market that's going nuts,
that's not such a But when the market's flat, Helen,
I think that is something of a consolation that you know,
you know, it's not just up to the landlord to go,
I'm going to charge you more because I can, because
they can't.
Speaker 6 (29:02):
I'm just thinking, you know, we have to unintended sequences
of some of these acts, you know, there doesn't seem
to be any protection written in just say well, you know,
you can't.
Speaker 2 (29:11):
You know, I mean, oh, you mean actual legislative rent praezes. No,
that's a tricky one.
Speaker 6 (29:15):
No. And if there's not enough pouting for people, you're
not necessarily going to be able to move on somewhere else.
It's just something that I had thought about. Yeah, throw
it in fair enough.
Speaker 2 (29:27):
Thanks for your call. I appreciate it, Thank you, Thank you, Jim,
bye bye bye.
Speaker 5 (29:32):
Yeah.
Speaker 2 (29:32):
I actually just reminded, well, I mean, Helen's gone, but
she'll be listening on the radio. But the mark in
terms of the market and the available number of rentals,
people are not moving around so much. But there's not
a lot of pressure on renteurs when it comes to
finding in places there would have been three or four
years ago.
Speaker 4 (29:50):
Is that right, No, Yeah, that's right. So basically it's
a very even market at the moment. So and with
rents staying the same, it allows people to stay in
a property for longer. You know, six or seven years ago,
with rents just going up all the time, people were
getting priced out of the home that they lived in,
so then they have to move. So it does provide
a bit of stability for everyone.
Speaker 2 (30:09):
I'd say, by the way, I'm Helen touched on politicians
who might be renting out to people. I tell you what,
if you're a politician, there's no way that you are
managing that rental yourself.
Speaker 3 (30:17):
Definitely not.
Speaker 2 (30:17):
You'd be on a hiding to nothing because you wouldn't
be able to do anything you'd have to Anyway, I
imagine they're using a company like yours, Mike, I hope
so you probably know so.
Speaker 1 (30:28):
Actually, anyway, let's go to David Hello, Hey, hello, Hello, Yeah,
I'm my rent.
Speaker 9 (30:39):
I'm also I used to be a property manager as well.
Speaker 2 (30:42):
Okay, that's an interesting position to be in. What would
you like to offer to the conversation.
Speaker 9 (30:48):
I was just saying that are from the renter point
of field, I mean recent days, you know, the or
the cost of living especially you know, it's not just
for the for the go through price, it's also including
the the autricity, the utility is internet, and even the water.
(31:08):
I mean reason we receive a email from water says
the Oakland the water bill is going to go and
that's going up about yeah, yeah, seven eight.
Speaker 2 (31:19):
I forgot about that. I forget about that bill, I
should be more resentful.
Speaker 9 (31:23):
That's right, I mean, I mean it's it's also on
top of the other hikes I mean recently, how recently
our I mean from my household. The internet bill is
also going to increase to another ten dollars monthly bill.
Speaker 2 (31:38):
Yeah, so how are you cap?
Speaker 9 (31:41):
I mean, I mean generally speaking, we're doing fine. But
the thing, the thing is, I mean, they're definitely the
will be our breaking point. I mean, we haven't had
our made for myself as a tenant, we haven't received
any ranging increased notice for more than three years. So
if if if the only decide you look to put
(32:03):
the rent back under you know, to a market range,
well there will be another pressure at heading onto our bills.
Although I mean the cold scenes why the cor ses
I mean, as for the tenants is the market rent
recently is on. I believe he is a little bit
(32:25):
reasonable than before.
Speaker 2 (32:28):
Yeah, I mean you'd hate to have to deal with
these costs and an escalating market, wouldn't you, And that
would be the really bad thing for New Zealand's economy,
wouldn't it might?
Speaker 4 (32:36):
Yeah, so at least the sort of flat period of
rent has come in at a time when everything else
is going up.
Speaker 2 (32:41):
Oh God, imagine if it was the opposite. Iagine if
it was all coming. I don't know whether economically, I
don't know what the equation would be, and whether it
would be different if the real estate market was going
gangbusters and rentals was short and everyone's making it killing
and I think he's going to be in a bit
of trouble, wouldn't it.
Speaker 4 (32:55):
Yeah, I mean the water care bills going up really
frustrates me as well.
Speaker 3 (32:59):
Just I forgot about that.
Speaker 2 (33:02):
You've just reminded me they are damn it. Yeah, that's
gonna be God tell you what that cost a living.
Everyone's noticing it. Let's go to Dion Hello.
Speaker 7 (33:11):
Works the mic. I'm on the village benefit and I'm
actually at the moment privately renting. I have a two
bedroom property. I won't say where I'm from. But I
also managed to get myself into the job market. About
six years ago. I had a permanent, part time job.
(33:33):
But at the moment I've been getting a ninety days
notice and now I'm struggling to find a suitable rental.
Speaker 2 (33:41):
Just know you're going to find another place. How dreadful
what I'm.
Speaker 7 (33:45):
In my fifties. I'm on my fifties and work part time.
Some weeks I might not work some weeks, I might get.
Speaker 9 (33:52):
A day and a half.
Speaker 2 (33:53):
Were you were you on a good deal in the
place that you're in.
Speaker 7 (33:58):
It's average market rent. It's over four hundred for a
two bridge unit in the South Island. It's about average
sort of market rent for this property. But now I've
been given a ninety days notice because I didn't get
on this landlord.
Speaker 2 (34:16):
Oh okay, let's Mike come in there. Because I don't
think the landlord can get rid of you just because
they don't like you.
Speaker 4 (34:25):
Well, if I'm lease, okay, yes, but it's still you
can't do retaliatory notice. So if you if you think
that for some reason you got this notice because of
you trying to exercise your rights as a tenant, then
you can challenge the ninety day notice.
Speaker 7 (34:41):
It was my right to reply to the emails.
Speaker 2 (34:44):
So what without I mean, well, I don't know whether
it's fisty and bad language or not of it. But
tell us what was your communication with the landlord back
and forth? Just question.
Speaker 7 (34:54):
I didn't write the communication I was getting from them
from the manager. It's a property investment company, and I
have two landlords on my lease they named on my
police and I was told just to talk to one
angle lord for I had communication problems for the other one.
(35:15):
And when I communicated with the other one, the other
angel emailed me immediately saying I wasn't allowed to talk
to the other one. So emailed back to that person
and they didn't like my email, and then straight away
I've got a ninety day notice that.
Speaker 2 (35:31):
Well, on the face of just listen up, Deon, I mean,
I'm not giving you any process, But Mike's got a
bit of advice.
Speaker 4 (35:36):
I think, Yeah, I mean that definitely sounds like you
should contact tenancy services.
Speaker 3 (35:41):
So there's an No.
Speaker 4 (35:41):
Eight hundred number eight hundred tenancy and you can talk
to them. You've talked to them. What did they tell you?
Speaker 7 (35:48):
They can't give me any advice, basically, only it's stift
to me to decide whether I take them to the
juneral or not. They cannot give me any advice about
the legality of the situation.
Speaker 3 (36:03):
So where leads me to the side.
Speaker 2 (36:06):
Okay, what do you reckon, Mike?
Speaker 4 (36:07):
I mean, it only costs twenty two dollars to file
twenty two dollars and you get it back.
Speaker 3 (36:11):
If you will, you get twenty two dollars.
Speaker 7 (36:14):
Yep, actually that already taking me there. They sold a notice. Okay,
take me to the tempted tribunal. Don't say why I
was slightly behind and ringed it wasn't it wasn't even
a week. Well, lessen the week behind.
Speaker 2 (36:30):
Okay, Well, hey, Dion, we've got to go to the
break mate. But good luck with the Tennisey tribunal. But
I mean there's some useful information there that retaliatory sort
of evictions are not.
Speaker 4 (36:38):
Okay, Yeah, it sounds like it could be an interesting
case to get to the bottle.
Speaker 2 (36:42):
And I don't know if you can take a friend
with you as well, but you should have someone there
to support you as well, because in the heat of
the moment, you'll be things you'll forget to argue for yourself.
So if you can, you can take a support person,
take a support person along and at least then you
know you've got a couple of heads handling what it
will is a stressful time and regardless whether it's twenty
two bucks, you know, but the consequence is the decision
(37:04):
to beg anyway. Hey, look, The one roof proper of
the week is next, and well, I'm not going to
say what it is, but it stood out to me
because of what it didn't have and also what it
had in abundance, which, yeah, it's a West Coast property
and you'll want to you want to google it when
I give you the address and we'll cover that off
(37:25):
in just a moment. This is one roof radio show.
It's ten to five news talk, said b Yes, this
is the one roof radio show. And actually it's I
guess what it's. Oh gosh, a time is flying by.
It's at six and a half minutes to the to
five o'clock, so it is time for.
Speaker 7 (37:43):
The one roof property of the week on the Weekend Collective.
Speaker 2 (37:46):
Now, look we have you know, we're always spot for
choice on one roof property the week because New Zealand
has some gorgeous properties. But this one I just had
to go for because and I'll get Mike's take on
it as well. I can't give you a value unfortunately,
which we almost weren't going to do it. But guess
what it is. It is probably the hardest thing is
to pronounce the name of it. It's eighty it's on
the west coast, the Fox River and Buller it is.
(38:10):
The address is eighty to a Kai park Kai Parkert
Kai Kayperkati Kaypercatti Road, Kappacati. Maybe they say down to
the west coast kayper Cutti Kai Parkerty Kai Parkerty. There
we go, We'll go with that point road. God, I
made a complete hash of that price by negotiation. But
(38:32):
the fabulous thing about this it is beautiful property, eighteen
hectares of elevated west coast land. It's got breath taking
and look, I'm not exaggerating, they're breath taking three hundred
and sixty degree views over the Tasman Sea, the Paparoa
National Park surrounding beaches. Power is now here's the catch.
Power is already to the boundary. So guess what the
(38:55):
house there? It's just a bus. It's a bus. And
I was almost thinking as part of the open home
they should have actually given us a bit of a
house your father around around the just to have a look,
because I can see the bus has solar installed on
the top of it. So literally there's just a bus
which is parked with this amazing view of the west coast,
(39:15):
the property itself. I don't know how you'd value it, Mike.
I mean you're not an expert on valuing these things either. Yes,
but it's it is quite unique, isn't it.
Speaker 4 (39:26):
Oh, it's very unique, and with the parked bus there,
it would be great for any Arsenal football fans.
Speaker 2 (39:32):
Actually, if you were buying it, would you want I
think you'd want the but you'd say, look, I'm not
buying this unless you include the bus, because you know,
imagine if they said the bus is not included, You're like, well,
I'm interested, but I want the bus.
Speaker 3 (39:44):
Yeah, I'm sure it could be throwing it as a
chattel for sure.
Speaker 2 (39:47):
It's interesting that I looked at the map there and
it's got the position and the actual land itself is
one sort of giant once you get the bit where
the bus is sitting, and it's this huge stretch of
rectangle right down to the coast. Really, isn't it?
Speaker 9 (40:02):
So?
Speaker 2 (40:03):
Yeah, I mean who would buy I mean, who's going
to buy that? Someone with pots of money, who can
build a fantastic house there, I imagine I would say.
Speaker 3 (40:10):
So, I wonder if there's any gold mining opportunities there?
Speaker 2 (40:13):
Oh, good point. See there you go, I don't have
for them. They shouldn't have put that. They should have
put that in actual you know, in the sprooking for it.
So it's marketed through Hardcourt's Grenadier real Estate. Eighty two
A Kai Parkut, I can't say it, Kai par car
Te Point Road, Fox River and Bulla. I fink I
(40:33):
could try and say that name a million times. I'll
get it wrong, so there's no point texting me about it. Okay,
I got it wrong. Eighty two A you know the
road I just said, Fox River, Buller. Go and check
it out. I don't know how much it'll be worth,
but it's a nice spot anyway. Hey Mike, good to
see you.
Speaker 3 (40:48):
Thank you very much.
Speaker 2 (40:49):
If people want to check out Aspire Property Rentals, what's.
Speaker 3 (40:51):
The website Aspire Property dot co.
Speaker 2 (40:53):
Do in z excellent. Hey, thanks so much for your time.
We will be back with one not one roof. We're
back with the Parents Quad. Google Sutherlands with us.
Speaker 3 (41:01):
For more from the weekend Collective.
Speaker 2 (41:03):
Listen live to news Talk said Be weekends from three pm,
or follow the podcast on iHeartRadio.
You're listening to the Weekend Collective podcast from News TALKSB.
Speaker 2 (00:11):
And welcome back to the Weekend Collective. I'm Tim Beverage
if you have just joined us. By the way, if
you miss any of the hours after six o'clock, go
and check out our podcast on iHeartRadio. A great panel
there with Jenny Vernon and Paul Spoonley are really good fun,
mind you. I always love my panels because we've got
great panelists across the board, so but yeah, that was
particularly good fun. Look as Jenny was with us as
(00:33):
we head towards Field Days which start on Wednesday, So
I don't forget to get along to field Days if
that's been sort of something you've penciled in your calendar,
right it in pen Anyway, this is the one Roof
radio show, and we're going to have a bit of
a chat about the rental side of things, and you're
welcome to give us a call if you've got any
questions or you're seeming to give your opinion or get
(00:54):
some advice. And there are a couple of things we're
going to dig into. So because you know, you'll recall
for years the story was well for years, the story
was properly market going gangbusters, shortage, rising rents, you know, tenants,
desperate tenants. I mean, the number of people who would
be interviewing. I don't know what is this this state,
but we've got a guest and who's going to shed
(01:15):
some light on this. But you'd hear stories about the
number of people who are interviewing to rent a particular house.
But now, I don't know, it feels like it's maybe
there's a bit of downward pressure on compared to what
we've seen, influenced perhaps by government policy, but that we're
going to have a look as into whether the downward
pressure on rents is a thing, and how long is
(01:36):
it going to hang around if it is, and how
it's fitting in with landlords and investors expectations, because you know,
we've got things like rates are going up, and really
what landlords would love to do is pass on the
rate rises. And right around the country we've seen rate rises,
so we know what it means for homeowners, but what
(01:56):
about renters. How much of it can be passed on
to tenants? How much of it should be passed on?
I guess you know that's where we talk about the
free market. But the other question I want to do
into on the talkback front is now, it's not this
is not about digging into this particular topic around you know,
the social housing and now occupants are going to be
(02:16):
spending thirty percent of their income on rent, and so
that you know, there's been a bit of a hot
take from many people on different sides of the political spectrum.
And look, if you are in social housing, you know
you are getting by if you can on a small
amount of income. But there are those who are getting
(02:37):
by in a small amount of income who are actually
paying for rent as well. So it's a difficult equation
to get right. But the government's looking at thirty percent
of income on rent. I want to ask you, I
eight hundred and eighty ten eighty is that actually in
the private sector? Is that a good deal? If you
are a couple or a family, would you consider thirty
(03:01):
percent really high or would you say, oh, luxury. I
love it if it was thirty percent, because if you're
if you've just bought a home and you're a first
home owner, you might be spending a hell of a
lot more than that on your mortgage. I don't know,
but we'd love your thoughts on that. What is your
golden percentage that the average person should spend on housing?
I eight one hundred and eighty ten eighty text nine
(03:21):
nine two. Now I've waffled on, but I had to
give it that introduction before I introduce my guest. He's
sitting here very patiently. He is well, he's the boss
at Aspire Property Management and his name is Mike Atkinson.
And Mike's with me. Now, good a Mike, how are
you going good?
Speaker 3 (03:34):
Thank you? Thanks for having me.
Speaker 2 (03:36):
So you keep busy. That thing's busy in the rental world.
Speaker 3 (03:40):
Yeah, the rental market is busy.
Speaker 4 (03:42):
We've sort of seen demand for the rental properties just
dropping a fraction as we're heading into winter.
Speaker 2 (03:48):
That's why would what would demand drop when when arguably
the one time you really need a home?
Speaker 3 (03:54):
Yes, how does that work?
Speaker 4 (03:58):
It's always around summer being a little bit busier in
terms of people moving, and I think that might be
for school zones. You have students coming in and out
of markets as they move around the country. So yeah,
winter it does always slow down. So we are seeing aller.
Speaker 2 (04:13):
Ah you mean in terms of your activity, So people
are just that means there's less flux, So wherever people
are there staying put.
Speaker 4 (04:20):
Yeah, that's right, and less people turning up for viewings
as well. So the properties that we do have to rent,
we're any sort of getting one point six groups of
people per viewing and in the summer you can get
like five groups of people per viewing.
Speaker 2 (04:32):
Wow, that is a huge difference.
Speaker 3 (04:34):
Yeah.
Speaker 2 (04:35):
Can you paint a bit of a picture in terms
of the history of what the rental market's been like
over the last four or five years, because you know,
we often talk back in the media, it's often finding
the hyperbole, the hyperbolic situation like oh, you know, there
wasn't there was a rental open home for something and
we had sixty people through and I can't get a
(04:55):
place to rent, And those are the stories that get amplified.
But what's the reality over the past few years.
Speaker 4 (05:01):
Yeah, so those stories always do get amplified. And there
was a bit of a shorter but from about December
twenty twenty four, rents have been flat and that's because
the you.
Speaker 3 (05:10):
Know, the supply and the demand are relatively equal.
Speaker 4 (05:13):
So the days of people queuing around the corner to
get a rental property are definitely over, and it's much
more of an even market at the moment.
Speaker 2 (05:22):
Because off the top of my head, I'm going to
take a stab in the dark and say that if
I was renting in Auckland and my wife and I
could get away with paying thirty percent of our income,
I would be thinking that's actually sort of a ballpark.
What do you I mean, you've you've rented in who
hasn't rented? Well, that'd be an interesting question, wouldn't it. Yeah,
(05:44):
what's your take on the thirty percent?
Speaker 4 (05:46):
I think it's probably most people are paying, So twenty
five percent of people are paying more. According to STATSNZ,
twenty five percent pay over forty percent.
Speaker 2 (05:54):
Are they all in Auckland?
Speaker 3 (05:55):
I would imagine so, because the rents are higher here.
Speaker 2 (05:58):
Does that mean everyone basically Auckland is what percentage of
the country's population. So everyone in Auckland's paying more than
thirty per is a rough guess for me.
Speaker 3 (06:06):
Yes, they would probably be a good guess.
Speaker 2 (06:08):
Oh, except for Queenstown of course. But if you're renting
in Queenstone, well, if you're living in Queenstone, you're probably
living in Cromwell.
Speaker 3 (06:15):
We can't get a house in queenstowne I imagine.
Speaker 2 (06:17):
Well, not for less than a thousand bucks a nine. Yeah, sorry,
I got completely sided. I sidetracked myself there. So is
that sort of in fact, do you think that's how
do you think the government arrived at that figure of
thirty percent of income or do you just think they
rounded into a nice figure when they realized I no, No,
it's a funny one because they're trying to balance people
(06:38):
who don't get social housing, who are on low incomes,
who are paying privately, who are paying a hell of
a lot more probably than thirty percent.
Speaker 4 (06:45):
Yes, I mean, I guess they have to consider as
well that if you take thirty percent of somebody's income,
can they survive on the other seventy? So they probably
can't put it up too high if the other seventy
isn't going to be enough for people to pay for
food and electricity and things like that.
Speaker 2 (07:00):
Yeah, you've done some calculations on the back of a
well these days the back of an envelope. It's now
on the front of a smartphone.
Speaker 3 (07:06):
That's right.
Speaker 2 (07:07):
But let's in fact, it was interesting we were talking
in before we went on air in the break that
you're having a stab in the dark about what a
couple would be spending. But let's say a couple who
are on average earning eighty thousand dollars a year each,
so that would be one hundred and sixty thousand after tax.
(07:28):
What's that? Probably about one hundred.
Speaker 4 (07:29):
And seven hundred and thirty five dollars a week they
would have as they're thirty percent.
Speaker 2 (07:36):
Which doesn't what's how does that fit in terms of
Auckland rents?
Speaker 4 (07:39):
Well, that is above the median rent, So you would
be able to get a standalone home for that, provided
you were in, you know, a suburb not that close
to the CBD.
Speaker 2 (07:50):
Not that close to the CBD. Let's get into that
euphemism there. What's I'm not that close to the CBD.
I'm saying in an Auckland context, that's probably half our drive.
Speaker 4 (08:04):
Yeah, I mean you could get a townhouse in a
very nice suburb for that price.
Speaker 3 (08:07):
These days.
Speaker 2 (08:08):
Oh yeah, Actually, how common are people renting apartments and things?
Because as I drive around Auckland, you notice more and
more apartments, and there's a lot of social housing apartments
that are springing up, but also there are a lot
more apartments. Is that quite a popular choice for renters
or is that more the young renters are it just
got on their first job at a university or whatever.
Speaker 3 (08:29):
Well, it's a bit of a mix.
Speaker 4 (08:30):
But again that all those new apartments and townhouses, those
are what is tying into the flat rents because that is,
in fact the result of all the intensification work that
we've done around Auckland, and for tenants it's paying off
now because there's an extra amount of supply and that's
keeping the prices flat. And that's why we're not seeing
rents go up, and that's why landlords are struggling to
(08:52):
pass on like their rates increases because the market won't
let them charge anymore.
Speaker 2 (08:56):
So what actually, what do those rent sorry, what do
those rates rises mean? Okay, so in the context of Auckland,
we're going to a seven point nine percent rate rise.
I think my rates bill is probably average four thousand
dish a year that I imagine that's sort of average
or is it slightly above average that, But it's anyway
(09:18):
seven point nine percent. That's going to be another three
hundred bucks or something I think a year roughly. Actually,
it's not the worst thing in the world for landlords,
is it. Of course, they're probably going to be paying
what a few extra dollars a week on rates, So
does it really I mean then again that you earn
rent dollar by dollar, what's your take on it?
Speaker 4 (09:37):
Well, when you add in that insurance costs of well
have gone up twenty one percent. But if you were
looking at Auckland rates, you just have to be thankful
they're not in Hamilton. There's have gone up forty four
percent in total over the last three years, which is
just a huge rise.
Speaker 3 (09:51):
Forty four percent.
Speaker 2 (09:56):
What's what's the what's the what's the bump this year
that they're having.
Speaker 4 (10:00):
I think it was fifteen this year. They're doing some
long term planning with their maintenance funds there, we're.
Speaker 2 (10:06):
People not paying rough and we're Hamilton rates cheap at
some stage where people go, what do you mean you're
only paying a thousand bucks a year?
Speaker 4 (10:12):
I think that is what's happened is they didn't put
enough money aside for infrastructure projects and now they're all
having to catch up unfortunately.
Speaker 2 (10:18):
And Wellington water and all that sort of stuff that
needs I think having a ten percent rate rise. Isn't
it funny that the just I mean, this isn't a
side that the Auckland discussions been the one obviously, because
one and a half million people. One and a half
million people still is that the stat here live here.
And yet there are towns around New Zealand where there
be like, I'd be luxury if I could get away
with that rate spill increase.
Speaker 4 (10:39):
Yeah, because we I mean, but we do get to
throw our food scraps away in a little ben as
well as part of that.
Speaker 3 (10:45):
So that's a real reward for us in Auckland.
Speaker 2 (10:47):
Oh, I think Mike's the old food scraps. Actually it's
I mean, there's so many different questions that come out
of us because I philosophically, and look, we all have
to adjust philosophically to increase costs because otherwise you just
end up going to sleep and lying there with your
eyes open half the night. I do. This is going
(11:10):
to irritate people, probably, and I don't use the train,
but I actually am kind of it. I'm almost reconciling
myself too.
Speaker 5 (11:21):
Well.
Speaker 2 (11:23):
You know, once the curls open, we're paying a bit extra.
Hopefully the city is going to feel like we're actually
to me, that's the value for money prospect that I
finally think that Auckland's needed as a well linked up
rail network. What's your take on it?
Speaker 4 (11:36):
Oh, I think the rail network's going to be amazing,
you knows it. As we continue to build it out.
It makes you feel like you're actually living in an
international city. If you can catch a train somewhere.
Speaker 2 (11:44):
It's like we've got our big boy and girl pants on,
isn't it?
Speaker 3 (11:47):
Absolutely?
Speaker 2 (11:48):
Okay, let's let's get back to that question about the
rates and stuff. So what does it mean for the
rental market the increased costs that you've described around the
country and of course, as you're saying Hamilton, over the
last few years, forty four percent rate rise? What does
that mean for the rental market? For investors in general?
How are they coping with all this?
Speaker 4 (12:08):
Well, they can obviously try to pass on as many
of the costs as they can, but again, the market
will only allow you to charge what the tenants will pay.
But you do have landlords that might not have put
the rent up for three or four years. Not every
landlord has a big mortgage, and so when these increases
come through, that can be the tipping point for a
landlord that hasn't put their rent up for five years
(12:28):
to say, well, hey, enough is enough.
Speaker 3 (12:30):
I'm going to have to put it up by fifty
dollars a week.
Speaker 4 (12:32):
It can also be the tipping point for a landlord
to say, you know, I'm not going to continue anymore.
I'm going to put the property up for sale.
Speaker 2 (12:39):
And what are we seeing? What are you observing? From
your end as a property management company.
Speaker 4 (12:45):
We have seen quite a lot of owners sell over
the last two years, more than normal. And it's tricky
as well because then the sales market is not particularly
great as well, so it's not actually the best time
to sell. But for some people, they've just the numbers
don't stack up anymore and they just want to get out.
Speaker 2 (13:05):
Interesting, isn't it that? Because I've hosted a property show
for a few years now, and you know, there was
a time when you literally go on air and just say, hey,
what's the market doing? And the phones are ring hot
because everyone's obsessed with property and you can just feel
that even just from a conversation point of view, the
type of conversations we're having are shifting. But it's I
(13:26):
never never sure, you know, I was always a bit
cynical and I look, we all should have bought a
property in Hamilton a few years ago before it went nuts.
That was the running gag on this show. But you know,
nobody sort of sees the tough times coming in a way,
And would you describe it as tough times for investors
rent landlords on the whole.
Speaker 4 (13:45):
Definitely tougher than it's been for the last sort of
fifty years, where it was just champagne breakfasts and takes
free capital gains. So yeah, it's not it's not that
it's not the easiest time for a landlord, but the
investment still makes a lot of sense for people. You know,
my wife and I we've got a rental property and
we're not thinking of getting rid of it anytime soon.
Speaker 2 (14:05):
Yeah, how long have you had it?
Speaker 5 (14:06):
For?
Speaker 3 (14:07):
Three years?
Speaker 2 (14:07):
I think?
Speaker 6 (14:08):
Oh?
Speaker 2 (14:08):
Okay, so you probably okay? Right, So that was which
which city do you mind telling us?
Speaker 3 (14:13):
Auckland? Okay, I think bought right at the top of
the top.
Speaker 2 (14:16):
Oh really, yes, anyway, Sorry, I hope you're not clenching
too much and having to make that declaration. Hey, look, look,
we'd love to hear from you on There are a
couple of questions on what do you think the how
long do you think the downward pressure on rents is
going to be in play because, as you've heard Mike
(14:36):
from a SPA property management talking about that, there are
some people who are getting out because it's just you know,
even though it's a tough time to be selling because
you can't pass those costs on. But if you're a
tenant or you've been a tenant, what is the sweet
spot when it comes to the proportion of your income
that you will tolerate spending on a roof over your heads?
(14:58):
Eight one hundred and eighty ten eighty Because as you know,
the government has set it for social housing occupants at
thirty percent of their and come on rent, what would
the goal be for you or would you look at
thirty percent and going, God, that's luxury. I'd love to
be paying thirty percent for my house, but it's cost
me a lot more than that. Likely in Auckland it
is twenty two past four. The number is eight hundred
(15:18):
and eighty ten eighty in text on nine two nine two,
We'll be back in just a moment. News Talks EDB
Keeping your.
Speaker 1 (15:25):
Eye on the property market, The One Roof radio Show
with Conroy removals New Zealand's favorite mover.
Speaker 3 (15:31):
They Know what moves you. News Talks B.
Speaker 2 (15:35):
News Talks B eight hundred and eighty ten eighty. This
is the one roof radio show. My guest is Mike
Mike Atkinson from Aspire Property Management, talking about you know
what percentage of your rent would be? You know something?
You think a thirty percent? What do you budget for?
And it does tie into the social housing question, so
we know we're not going to avoid that topic as well,
and I suspect we won't be able to with my
first caller, Sue, Hello, high term time, Mike, Hello, how yang?
Speaker 5 (16:02):
Oh, I'm I'm good at the moment, I'm still I'm
angry over the rise in social housing rent from twenty
five percent to thirty To me, it's scrape in the
bottom of the barrel. And this because winds calculate and
comes and allocate the houses, so it's there for those
(16:28):
who have the very least and I mean the very least.
I see it every day.
Speaker 2 (16:33):
Secondly, that, by the way, I don't know this and
you don't have to share. Are you a social housing
tenant on or have you got your own?
Speaker 5 (16:40):
Sort of everyone knows. I am.
Speaker 2 (16:43):
I didn't want to assume it because I just I
did assume it, but I want to double check, so
Mike didn't know.
Speaker 5 (16:50):
And I run this theyrea because I've been here the longest.
Speaker 2 (16:54):
Okay, you run this area. Are you like the mafia
don of your particular social housing area.
Speaker 5 (17:02):
I've been here the longest.
Speaker 2 (17:04):
Okay.
Speaker 5 (17:05):
Secondly, the impact on pension is with only super as income,
they're going to pay an extra thirty one a week
or sixty two a fortnight next April or first it
starts the same blooming day the annual pension adjustment comes
(17:27):
and the first that made the winter energy payment starts,
and that's going to leave them with those two things
totally negated. And I think it's a real bad thing
they're suggesting. And I'm just annoyed. No party has come
(17:47):
out and stipulated the say, you know, negating two things
that are needed. So no, I'm really against it because
of the people that reside in them. I've got a
very low, very low income, by the way, but I
don't care. You know.
Speaker 2 (18:10):
What, what did you make of that? Because I guess
there was also a bit of a fairness and consistency
argument because there are people who are on low incomes
who are actually private who are renting privately and it
costing a lot more. Do you buy the I mean,
naturally in life there are inequities and unfairness. What's your
take on that?
Speaker 5 (18:28):
Yeah, but a lot of those people, the majority, I mean,
if you're working, you don't qualify for social house obviously,
although there's some still in them playing market rent. But
the thing is, well, why didn't they just put the
commendations up from and up? You know, I saw it
(18:50):
in the paper the other day that Nikola Willis is
using they're increase to make whom a lot of presents
to make who buds that look better? Three hundred and
ninety million over four years. But they don't realize how
many pensioners are going to be put into etc. Poverty
(19:11):
because of it.
Speaker 2 (19:12):
Yeah, I know, politics, I mean, this is Mike, It's
probably more of a political question. But what's what What
are we seeing in terms of the low end of
the market for people who might be relying on a
benefit or something but don't have social housing. What do
you know anything about what they're paying as a proportion
of their income. Well, it is not you, so I'm
(19:32):
talking to Mike.
Speaker 5 (19:33):
No, No, I don't mean it's not about me.
Speaker 2 (19:36):
Well, no, asked me Mike a question. Sorry while you
were on the line, But Mike, you might want to
defer to Sue.
Speaker 3 (19:44):
I'm not.
Speaker 4 (19:44):
We don't know exactly what the percentages are for when
a tenant. A lot of tenants get their rents sent
to us directly from wins.
Speaker 3 (19:51):
Yeah, so we're not. We're not. I don't know what
the sort of percentages are on their side.
Speaker 2 (19:56):
Thought okay, oh okay, So but that percentage is deducted
and they get.
Speaker 5 (20:02):
There ruining actually normally how much supplement they get, you know,
I mean, they're not going to put someone that's soon
in good money into a social health for goodness sake.
Speaker 7 (20:16):
You know, it depends what.
Speaker 2 (20:17):
Your definition of good money is, of course, because if
you're if you're on your own and you're as opposed
to if you've got a job and you've got three kids,
you might even have less money than the single person
who's in social housing. So it is difficult to balance
all these things, isn't it.
Speaker 5 (20:31):
So yeah, of course it is. But you know, I
know people run the base that only homes and they
struggling too with the mortgages and the rates and everything else.
Speaker 2 (20:46):
Well, what you mean is they own part of their home,
so because if they own the whole home, I'd be
worried if they were struggling. But then again, I mean,
once you've retired, you know, it's not a lot of
money to go around. Thanks Sue, I appreciate your cough. Right,
let's keep it going.
Speaker 7 (21:00):
Ray.
Speaker 2 (21:00):
Hello, ah hi, how are you.
Speaker 8 (21:03):
I'm coming from the landlord's side. Yeah, honestly, are im
bed every night worrying about what we're going to do?
Speaker 2 (21:12):
What incredible? What a terrible state of mind to be.
Speaker 8 (21:15):
Na, Well it is. It's because what do we know,
it's top them opportunities come in. If they come in,
I'm a pensioner, my land tax is going to be
fifty six thousand dollars a year.
Speaker 2 (21:28):
Ah well, hang on, okay, is that the opportunities No, no, no, no,
no no. But what I mean is if the opportunities
party get and look, they're not going to it's a
long way from one or two percent to five. But
also they don't they don't get to rule the roost
at five percent either, so I don't think that.
Speaker 9 (21:46):
Yeah.
Speaker 8 (21:46):
Yeah, but then if Greens get in, oh yeah, we'd labor.
We've got gains tax, and then on top of that.
If they decide to bring in the wealth tax, the
wealth tax will coross me fifty eight thousand dollars a year.
Speaker 3 (21:59):
Well, the well's going to.
Speaker 9 (21:59):
Weigh it up.
Speaker 2 (22:01):
Well, actually, the wealth tax is a terrible idea.
Speaker 8 (22:04):
Yeah, I know, but you don't know what they're going
to do, so you have no As a landlord. You
need to know where you're going forward because you're fixing
your mortgage, you're fixing your rent. I have put rent
up for years, but you're fixing your rents. You're fixing
you have to do something.
Speaker 2 (22:24):
Wait, you've hut on something and I'll bring mic And actually,
because that is one of the problems we sort of
have in New Zealand, I would say, more than other countries,
is that there doesn't seem to be a uniform understanding.
Everyone wants to do radical things left and right of
the of the of the property market. What's your take
on it, Mike.
Speaker 4 (22:43):
Well, yeah, it's that uncertainty, isn't it That causes stress
and anxiety for people. Because we're coming up to a
potential change in government and we're going to there can
be a total about face in terms of what landlords
can expect.
Speaker 2 (22:56):
And we still don't know what the policy of the
Labor Party is as well, Ray, you're still there, by.
Speaker 8 (23:02):
The way, no, or if we just go on what
they're even saying now, I'm not worried about a capital
gains text hugely, you know, because I don't think how
prices is it going to go up too much? Well,
I am worried how much they the Greens have because
they may bring in a light wealth tax just to
(23:23):
requease them. And then I've got to make the decision. Okay,
Am I going to fix my mortgage for two years
and run into the capital gains text time? Or am
I going to keep get hit by the Greens within
that time with something else you don't know? And when
you don't know, that's when you might make the decision
(23:43):
to sell and then there's unless properties available.
Speaker 2 (23:47):
Yeah, now that's actually Ray, you have had on something
in fact that The question I think that comes out
of that mic is also rates rises the big problem?
Or is political uncertainty the big problem for the rental market?
And I think it might be political uncertainty versus a
few hundred bucks on your rates.
Speaker 4 (24:03):
Yeah, I mean, I think it all adds up to
me making it not a particularly great time to be
a landlord.
Speaker 2 (24:08):
Yeah. By the way, I know we you know we're
not talking about capital gains, but I think it's worth
it for ray that you know, if I was an
investor and I was paying capital gains tax, Look, it
wouldn't bother me too much, to be honest, because if
I am having to pay tax, it means I've made
some money so long as I've got reasonable deductions. I
don't know if for capital gains taxes. It's two things.
(24:32):
Hipkins reckons it's going to realize all this income. Well,
it's not because the property markets could put so they're
not going to make any money out of a capital
gains tax. But secondly, you know, if there's money to
be made, I turn up to work and I have
to pay tax on I don't mind paying tax if
I'm if I'm making money, but not if I'm making
a loss. And that's I guess that's the devil is
in the detail, isn't it.
Speaker 4 (24:53):
Yes, And it does make it if they do bring
in a capital gains tax. It does make property investment
a slightly less attractive proposition because it does mean at
some stage, instead of getting one hundred k tax free.
You've got to give thirty grand of it back to
the government if you maker.
Speaker 3 (25:06):
I'd still like the seventy Yes, better than that, but
it's just.
Speaker 2 (25:08):
The returns are as it's worth the sleep well, as
I say, we've had ray there. How many landlords do
you think would actually be And look, by the way,
you might not like landlords. We get a bit of
hate mail on landlords and stuff, but let's just get
some stats out there. What percentage of the rental market
has provided private in New Zealand. It's more than eighty percent,
isn't it. I'd say so, yeah, yeah, but how many
(25:32):
what percentage of landlords? Do do you detect people being
slightly more stressed or what's the deal?
Speaker 4 (25:39):
Yeah, I think any of the landlords that have sort
of gotten into the market in the last five years
are definitely more cost conscious than the ones that have
been in it for longer because they haven't had the
capital gains to sort of offset any of the.
Speaker 3 (25:51):
Cash flow issues that they've got.
Speaker 4 (25:54):
And we do have landlords who have bought three four
years ago and you know, they can't really sell because
they the property has gone down and now they have
to keep making the payments and topping up their mortgage
payments as well, So a lot of them are under
quite a bit of financial pressure at the moment.
Speaker 2 (26:09):
Yeah. So look, it's not easy either way, and I
just do wish we didn't have to divide ourselves as
to one side hating the other and the other smiteer.
That's the extreme of politics anyway, isn't it. Anyone loves
to find a bogey man to sort of painters of
the villain. Anyway. Look, we will back.
Speaker 3 (26:25):
With more calls.
Speaker 2 (26:25):
I've got a bunch of calling and to have you,
we'll say on things. Eight hundred and eighty ten eighty.
It is twenty four minutes to five news Talk's edby
S News Talks here b This is one roufradio show
talking about the whole rent situation and the pressure on
landlords and downward pressure on rents and as thirty percent
of your income, I'm not talking. I mean other people
will talk about the social situation, which is fine, But
(26:47):
what's your percentage of income as a private renter that
you'd be happy to pay? Eight hundred and eighty ten
eighty is the number all you expect to pay because
you might be like, well, I'm earning a truckload of money,
and I'm going to up it because I can afford it.
I don't mind spending a decent chunk of my income
on the right house. And Mike Atkinson from ASPI Property
Rental as my guest. Let's go to Helen.
Speaker 6 (27:08):
Hello him and Mike, Yes, thank you. This worries me
about this rent accommodation supplement. You know, rent increases states
housing tenants and then their accommodation supplement going up a
bit to compensate, and that that is where the money
(27:29):
is intended to go. Well, that doesn't seem to me
to be any thing written ind to this that prevents
the landlords from immediately saying, all right, the commendation supplement
has gone up, therefore we're going to put our rents
up and something. And you know, there's some of the
landlords really really struggling, like that last woman, but also
(27:50):
like there's a number of politicians who actually rent to
the public, and I would hate to think that they
would take advantage of this and the money would go
to them. That's a very cynical kind of view, but
I'm just I'm just well, yeah, I think there's enough
protection in this for the accommodation supplement that's going to
the rise to going to the people in the privatemicles.
(28:13):
I don't see that there's any protection at all from
them having their rent.
Speaker 2 (28:17):
Put well, the market, like I'll throw it to Mike
actually because I guess how much, and you probably won't
like the way I put this question, Allan, But I'm
asking Mike here. I mean the market. The market does
have sort of safeguards built in in a way that
it's a market that if you want to charge more
than the average beer, then you might lose your tenant.
Speaker 4 (28:37):
Yeah, exactly, if you put a rent increased notice out
to a tenant, there's a chance that they'll turn around
and give you a twenty one day notice and decide
to move on to a cheaper property.
Speaker 2 (28:45):
Yeah. I mean that is in a market that's going nuts,
that's not such a But when the market's flat, Helen,
I think that is something of a consolation that you know,
you know, it's not just up to the landlord to go,
I'm going to charge you more because I can, because
they can't.
Speaker 6 (29:02):
I'm just thinking, you know, we have to unintended sequences
of some of these acts, you know, there doesn't seem
to be any protection written in just say well, you know,
you can't.
Speaker 2 (29:11):
You know, I mean, oh, you mean actual legislative rent praezes. No,
that's a tricky one.
Speaker 6 (29:15):
No. And if there's not enough pouting for people, you're
not necessarily going to be able to move on somewhere else.
It's just something that I had thought about. Yeah, throw
it in fair enough.
Speaker 2 (29:27):
Thanks for your call. I appreciate it, Thank you, Thank you, Jim,
bye bye bye.
Speaker 5 (29:32):
Yeah.
Speaker 2 (29:32):
I actually just reminded, well, I mean, Helen's gone, but
she'll be listening on the radio. But the mark in
terms of the market and the available number of rentals,
people are not moving around so much. But there's not
a lot of pressure on renteurs when it comes to
finding in places there would have been three or four
years ago.
Speaker 4 (29:50):
Is that right, No, Yeah, that's right. So basically it's
a very even market at the moment. So and with
rents staying the same, it allows people to stay in
a property for longer. You know, six or seven years ago,
with rents just going up all the time, people were
getting priced out of the home that they lived in,
so then they have to move. So it does provide
a bit of stability for everyone.
Speaker 2 (30:09):
I'd say, by the way, I'm Helen touched on politicians
who might be renting out to people. I tell you what,
if you're a politician, there's no way that you are
managing that rental yourself.
Speaker 3 (30:17):
Definitely not.
Speaker 2 (30:17):
You'd be on a hiding to nothing because you wouldn't
be able to do anything you'd have to Anyway, I
imagine they're using a company like yours, Mike, I hope
so you probably know so.
Speaker 1 (30:28):
Actually, anyway, let's go to David Hello, Hey, hello, Hello, Yeah,
I'm my rent.
Speaker 9 (30:39):
I'm also I used to be a property manager as well.
Speaker 2 (30:42):
Okay, that's an interesting position to be in. What would
you like to offer to the conversation.
Speaker 9 (30:48):
I was just saying that are from the renter point
of field, I mean recent days, you know, the or
the cost of living especially you know, it's not just
for the for the go through price, it's also including
the the autricity, the utility is internet, and even the water.
(31:08):
I mean reason we receive a email from water says
the Oakland the water bill is going to go and
that's going up about yeah, yeah, seven eight.
Speaker 2 (31:19):
I forgot about that. I forget about that bill, I
should be more resentful.
Speaker 9 (31:23):
That's right, I mean, I mean it's it's also on
top of the other hikes I mean recently, how recently
our I mean from my household. The internet bill is
also going to increase to another ten dollars monthly bill.
Speaker 2 (31:38):
Yeah, so how are you cap?
Speaker 9 (31:41):
I mean, I mean generally speaking, we're doing fine. But
the thing, the thing is, I mean, they're definitely the
will be our breaking point. I mean, we haven't had
our made for myself as a tenant, we haven't received
any ranging increased notice for more than three years. So
if if if the only decide you look to put
(32:03):
the rent back under you know, to a market range,
well there will be another pressure at heading onto our bills.
Although I mean the cold scenes why the cor ses
I mean, as for the tenants is the market rent
recently is on. I believe he is a little bit
(32:25):
reasonable than before.
Speaker 2 (32:28):
Yeah, I mean you'd hate to have to deal with
these costs and an escalating market, wouldn't you, And that
would be the really bad thing for New Zealand's economy,
wouldn't it might?
Speaker 4 (32:36):
Yeah, so at least the sort of flat period of
rent has come in at a time when everything else
is going up.
Speaker 2 (32:41):
Oh God, imagine if it was the opposite. Iagine if
it was all coming. I don't know whether economically, I
don't know what the equation would be, and whether it
would be different if the real estate market was going
gangbusters and rentals was short and everyone's making it killing
and I think he's going to be in a bit
of trouble, wouldn't it.
Speaker 4 (32:55):
Yeah, I mean the water care bills going up really
frustrates me as well.
Speaker 3 (32:59):
Just I forgot about that.
Speaker 2 (33:02):
You've just reminded me they are damn it. Yeah, that's
gonna be God tell you what that cost a living.
Everyone's noticing it. Let's go to Dion Hello.
Speaker 7 (33:11):
Works the mic. I'm on the village benefit and I'm
actually at the moment privately renting. I have a two
bedroom property. I won't say where I'm from. But I
also managed to get myself into the job market. About
six years ago. I had a permanent, part time job.
(33:33):
But at the moment I've been getting a ninety days
notice and now I'm struggling to find a suitable rental.
Speaker 2 (33:41):
Just know you're going to find another place. How dreadful
what I'm.
Speaker 7 (33:45):
In my fifties. I'm on my fifties and work part time.
Some weeks I might not work some weeks, I might get.
Speaker 9 (33:52):
A day and a half.
Speaker 2 (33:53):
Were you were you on a good deal in the
place that you're in.
Speaker 7 (33:58):
It's average market rent. It's over four hundred for a
two bridge unit in the South Island. It's about average
sort of market rent for this property. But now I've
been given a ninety days notice because I didn't get
on this landlord.
Speaker 2 (34:16):
Oh okay, let's Mike come in there. Because I don't
think the landlord can get rid of you just because
they don't like you.
Speaker 4 (34:25):
Well, if I'm lease, okay, yes, but it's still you
can't do retaliatory notice. So if you if you think
that for some reason you got this notice because of
you trying to exercise your rights as a tenant, then
you can challenge the ninety day notice.
Speaker 7 (34:41):
It was my right to reply to the emails.
Speaker 2 (34:44):
So what without I mean, well, I don't know whether
it's fisty and bad language or not of it. But
tell us what was your communication with the landlord back
and forth? Just question.
Speaker 7 (34:54):
I didn't write the communication I was getting from them
from the manager. It's a property investment company, and I
have two landlords on my lease they named on my
police and I was told just to talk to one
angle lord for I had communication problems for the other one.
(35:15):
And when I communicated with the other one, the other
angel emailed me immediately saying I wasn't allowed to talk
to the other one. So emailed back to that person
and they didn't like my email, and then straight away
I've got a ninety day notice that.
Speaker 2 (35:31):
Well, on the face of just listen up, Deon, I mean,
I'm not giving you any process, But Mike's got a
bit of advice.
Speaker 4 (35:36):
I think, Yeah, I mean that definitely sounds like you
should contact tenancy services.
Speaker 3 (35:41):
So there's an No.
Speaker 4 (35:41):
Eight hundred number eight hundred tenancy and you can talk
to them. You've talked to them. What did they tell you?
Speaker 7 (35:48):
They can't give me any advice, basically, only it's stift
to me to decide whether I take them to the
juneral or not. They cannot give me any advice about
the legality of the situation.
Speaker 3 (36:03):
So where leads me to the side.
Speaker 2 (36:06):
Okay, what do you reckon, Mike?
Speaker 4 (36:07):
I mean, it only costs twenty two dollars to file
twenty two dollars and you get it back.
Speaker 3 (36:11):
If you will, you get twenty two dollars.
Speaker 7 (36:14):
Yep, actually that already taking me there. They sold a notice. Okay,
take me to the tempted tribunal. Don't say why I
was slightly behind and ringed it wasn't it wasn't even
a week. Well, lessen the week behind.
Speaker 2 (36:30):
Okay, Well, hey, Dion, we've got to go to the
break mate. But good luck with the Tennisey tribunal. But
I mean there's some useful information there that retaliatory sort
of evictions are not.
Speaker 4 (36:38):
Okay, Yeah, it sounds like it could be an interesting
case to get to the bottle.
Speaker 2 (36:42):
And I don't know if you can take a friend
with you as well, but you should have someone there
to support you as well, because in the heat of
the moment, you'll be things you'll forget to argue for yourself.
So if you can, you can take a support person,
take a support person along and at least then you
know you've got a couple of heads handling what it
will is a stressful time and regardless whether it's twenty
two bucks, you know, but the consequence is the decision
(37:04):
to beg anyway. Hey, look, The one roof proper of
the week is next, and well, I'm not going to
say what it is, but it stood out to me
because of what it didn't have and also what it
had in abundance, which, yeah, it's a West Coast property
and you'll want to you want to google it when
I give you the address and we'll cover that off
(37:25):
in just a moment. This is one roof radio show.
It's ten to five news talk, said b Yes, this
is the one roof radio show. And actually it's I
guess what it's. Oh gosh, a time is flying by.
It's at six and a half minutes to the to
five o'clock, so it is time for.
Speaker 7 (37:43):
The one roof property of the week on the Weekend Collective.
Speaker 2 (37:46):
Now, look we have you know, we're always spot for
choice on one roof property the week because New Zealand
has some gorgeous properties. But this one I just had
to go for because and I'll get Mike's take on
it as well. I can't give you a value unfortunately,
which we almost weren't going to do it. But guess
what it is. It is probably the hardest thing is
to pronounce the name of it. It's eighty it's on
the west coast, the Fox River and Buller it is.
(38:10):
The address is eighty to a Kai park Kai Parkert
Kai Kayperkati Kaypercatti Road, Kappacati. Maybe they say down to
the west coast kayper Cutti Kai Parkerty Kai Parkerty. There
we go, We'll go with that point road. God, I
made a complete hash of that price by negotiation. But
(38:32):
the fabulous thing about this it is beautiful property, eighteen
hectares of elevated west coast land. It's got breath taking
and look, I'm not exaggerating, they're breath taking three hundred
and sixty degree views over the Tasman Sea, the Paparoa
National Park surrounding beaches. Power is now here's the catch.
Power is already to the boundary. So guess what the
(38:55):
house there? It's just a bus. It's a bus. And
I was almost thinking as part of the open home
they should have actually given us a bit of a
house your father around around the just to have a look,
because I can see the bus has solar installed on
the top of it. So literally there's just a bus
which is parked with this amazing view of the west coast,
(39:15):
the property itself. I don't know how you'd value it, Mike.
I mean you're not an expert on valuing these things either. Yes,
but it's it is quite unique, isn't it.
Speaker 4 (39:26):
Oh, it's very unique, and with the parked bus there,
it would be great for any Arsenal football fans.
Speaker 2 (39:32):
Actually, if you were buying it, would you want I
think you'd want the but you'd say, look, I'm not
buying this unless you include the bus, because you know,
imagine if they said the bus is not included, You're like, well,
I'm interested, but I want the bus.
Speaker 3 (39:44):
Yeah, I'm sure it could be throwing it as a
chattel for sure.
Speaker 2 (39:47):
It's interesting that I looked at the map there and
it's got the position and the actual land itself is
one sort of giant once you get the bit where
the bus is sitting, and it's this huge stretch of
rectangle right down to the coast. Really, isn't it?
Speaker 9 (40:02):
So?
Speaker 2 (40:03):
Yeah, I mean who would buy I mean, who's going
to buy that? Someone with pots of money, who can
build a fantastic house there, I imagine I would say.
Speaker 3 (40:10):
So, I wonder if there's any gold mining opportunities there?
Speaker 2 (40:13):
Oh, good point. See there you go, I don't have
for them. They shouldn't have put that. They should have
put that in actual you know, in the sprooking for it.
So it's marketed through Hardcourt's Grenadier real Estate. Eighty two
A Kai Parkut, I can't say it, Kai par car
Te Point Road, Fox River and Bulla. I fink I
(40:33):
could try and say that name a million times. I'll
get it wrong, so there's no point texting me about it. Okay,
I got it wrong. Eighty two A you know the
road I just said, Fox River, Buller. Go and check
it out. I don't know how much it'll be worth,
but it's a nice spot anyway. Hey Mike, good to
see you.
Speaker 3 (40:48):
Thank you very much.
Speaker 2 (40:49):
If people want to check out Aspire Property Rentals, what's.
Speaker 3 (40:51):
The website Aspire Property dot co.
Speaker 2 (40:53):
Do in z excellent. Hey, thanks so much for your time.
We will be back with one not one roof. We're
back with the Parents Quad. Google Sutherlands with us.
Speaker 3 (41:01):
For more from the weekend Collective.
Speaker 2 (41:03):
Listen live to news Talk said Be weekends from three pm,
or follow the podcast on iHeartRadio.
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