Early Edition with Kate Hawkesby

Brad Olsen: Economist on survey finding government policy changes help drive rents to record highs

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Sinopsis

Changes to rental laws to make properties warm and dry have driven up rents, which are now at record highs, according to a survey commissioned by the Government. The survey, commissioned by the Ministry of Housing and Urban Development, found that a quarter of landlords put up rents in the six months before May 2022, and one of the most popular reasons for this was increased costs lumped on by the Government. Housing Minister Megan Woods said the survey reflected “the advice I have that there is not enough evidence to suggest regulatory changes are the main cause for rent increases”. But National says the survey provides evidence about what it has been saying regarding the law changes since they were originally legislated in Labour’s first term. Housing spokesman Chris Bishop said, “rents are up $150 per week under Labour and are a big driver of our cost-of-living crisis. The data is clear that Labour’s war on landlords is harming the very people they’re trying to help - tenants”. But Infometrics economist an