Steve Hart's Property Report podcast

Property Report 5 for W/E 13 October 2019 with Steve Hart

Shelley Bay – Wellington

Anyone living in Wellington will know of the controversy around the proposed Shelly Bay housing and retail development.

Developer Cassels has had a survey carried out in the Capital and says 57% of those questioned support the development. 24% said they were against it.

Wellington City Council gave the Shelley Bay plan the go-ahead two years ago but the project has been delayed.

The housing plan includes 250 homes with a starting price of $800,000 each.

Privacy Commissioner

The Office of the Privacy Commissioner (OPC) has produced a new set of rules for landlords and rental property managers outlining the information they can requested from people applying for a tenancy.
There are new rules on collecting personal information including taking photographs; the storage and security of personal information, tenants’ rights to access their personal information and request corrections.
In addition, any information that becomes unnecessary should be deleted by landlords; and the use and disclosure of personal information to third parties has been updated.
The privacy commissioner advises landlords and property managers to keep up to date with privacy commissioner rules.

Letting fees banned
Recent changes to the Residential Tenancies Act 1986 include banning charging tenants letting fees, the introduction of the Healthy Homes Standards and the Residential Tenancies Amendment Bill (No 2) – which addressed tenants’ liability for damage and contamination.
A change to the residential Tenancies Act in August means landlords cannot double-dip when making an insurance claim. Landlords can’t make the tenant pay for damage they caused to a property while also claiming on their landlord insurance policy.
The law also says tenants are liable to pay the insurance excess or up to 4 weeks’ rent – which ever is lower.

Housing crisis
Following the government announcement of a $7.5 billion surplus the Public Service Association says the cash should be used to end the housing crisis.
“Too many New Zealanders are fighting to keep their heads above the water, and more of the status quo is not enough,” says PSA National Secretary Glenn Barclay.
The PSA says New Zealand has around 130,000 fewer affordable homes than are needed, and with a growing population this problem is likely to get worse.

Construction industry
New Zealand’s construction industry needs to change quickly to address the country’s housing and infrastructure deficit, and the Construction Industry Council is the organisation best placed to lead this change, say incoming Chair Graham Burke and Deputy Chair Malcolm Fleming.
Mr Burke said while there were some good initiatives underway, such as the Construction Sector Accord and introduction of new procurement rules, the industry was hard to penetrate because it had so many parts and so many small businesses.

Robots at open homes
A survey carried out for the Real Estate Institute shows that the use of drone video footage in property marketing has risen to 66% this year – up from 51% in 2017.
Sixty percent of respondents use social media as an un-paid marketing tool while 58% pay to advertise on social media platforms.
The 2019 survey result also points to the increasing popularity of smartphone apps, allowing agents, vendors or buyers to communicate with each other.

And one percent of agents surveyed say they use robots in open homes – although the survey didn’t specify how robots were used.

Your own island – just $3 million

Inchmarnock, an uninhabited island in Scotland, is now on sale for £1.4 million. FYI, that’s the same price as a terraced house in London, and you get a full 660-acre Scottish island, your own farmhouse, and a ferry. Anyone fancy going halves? Or, um, quarters? Tenths? Inchmarnock is the dream spot for anyone fed up of life in the city. It’s right at the northern edge of Scotland, just a ten minute ferry ride from the seaside town of Rothesay. Back in its farming days, the island had a bustling population of 46. But its last permanent resident, a farmer, departed in 1986.