PHOTO: Rent freeze
A freeze on rent increases for residential properties is coming to an end today, which advocates say is a concern for tenants in New Zealand’s flooded market.
The halt was put in place before the Level 4 lockdown earlier this year by the Government as part of its Covid-19 response.
It aimed to protect tenants, and ensure they didn’t lose the roof over their heads if they lost their income or livelihood due to the pandemic.
Robert Whitaker from advocacy group Renters United expects a “bit of a bump” when it comes to rent prices around the country. He says there will be quite a few deferred increases that landlords will try and catch up on.
“We definitely think there will be a big step up and a catch up by landlords – we do expect that to happen.”
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