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CPII Survey April 2019

PRESS RELEASE

Majority if investors expect to fork out to be compliant with the Healthy Homes Act.

This month:

  • 96% of property investors claim to be aware of the Healthy Homes guidelines. The new law has been introduced to ensure that every home in New Zealand meets minimum standards concerning insulation, heating, ventilation, draughts, drainage and moisture.
  • 58% of investors believe they will have to spend money in order to be compliant with the new Healthy Homes guidelines, whilst a further 12% were unsure whether or not they would have to spend money to be compliant with the new law.
  • Just under a quarter of respondents (24%) claimed that they were likely to sell their property as a result of the Healthy Homes guidelines coming into effect.
  • Both the Auckland rental property investment index and the Auckland rental property performance index have experienced slight increases this month, as a direct result of a decrease in pessimistic investors.

Healthy Homes Guarantee Guidelines

This month we asked investors about the proposed Healthy Homes Guarantee guidelines. The new law has been introduced to ensure that every home in New Zealand meets minimum standards concerning insulation, heating, ventilation, draughts, drainage and moisture.

Awareness of Healthy Homes Guarantee Guidelines

Some 96% of investors are aware of the proposed Healthy Homes Guarantee guidelines – a positive sign given the impending introduction of the law in July 2021.

Monetary Spend to Be Compliant with the Healthy Homes Guidelines

Following the introduction of the Healthy Homes guidelines, 58% of investors believe they will have to spend money to be compliant with the Act, whilst 30% believe they won’t have to, perhaps an indication that these homes are already compliant. A small percentage are unsure whether their property will be compliant.

Will Have to Spend Money to Be Complaint

Note: Excludes ‘does not apply’ answers.

 

Investment Plan in Next 2 Years

Some 42% of the investors say they will not be affected by new Act; whereas 40% indicate that as a result of its introduction they will have to increase rents to offset losses. Only a small proportion were likely to reduce property overheads as a result.

 Likelihood of Selling the Property When Law Comes into Effect

Crockers Property Investment Index

Auckland Rental Property Performance Index

Despite heated coverage of the proposed CGT, both the Auckland Rental Property Investment Index and the Auckland Rental Property Performance Index have experienced slight increases this month, due to a decrease in the proportion of pessimistic investors.

Auckland Rental Property Performance Index

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