Let’s look at all MPs rentals

I see The Herald on Sunday is practising some more political action against National backbenchers. John Weekes for the second time in as many weeks has attacked National MPs over housing insulation.

Never mind that the pecuniary interests register shows many, many MPs are land-lords…he just focuses on National MPs.

Furthermore I’ll also lay odds that the tenant in question isn’t telling the whole truth about his situation…If I was the reporter surely they would have some pertinent questions like;

  • Have there been any disputes with the landlord in the past?
  • Are you up to date with your rent?
  • If it is so horrible why don’t you move?
  • What is preventing you from moving?
  • Is it a poor record, rent arrears, bad behaviour, damage to the property?
  • If you are behind int he rent, have you checked with WINZ to see if you are getting your full entitlements?
  • Have any of these issues been taken up with the Tenancy Tribunal, you know the body set up to deal with these sorts of things?

I’ll bet John Weekes didn’t even ask one of those questions.

This is just shock churnalism and a poor effort from the cub reporter, but then you can’t really expect too much from someone who studied International Relations and Human Rights at Auckland University.

Now let’s start looking at other MPs.

Shane Jones for one shows interests in property trusts as well as three properties in the Far North…I’ll be you dollars to a knob of goat poo that those won’t be stunning mansions.

What is highly amusing is Annette King complaining about tenancy issues…

Labour housing spokeswoman Annette King has written to John Key saying taxpayers would find it “unacceptable for an MP to arrange their affairs to provide a personal financial advantage for themselves”.

“This allegation requires investigation as, if correct, it reflects on all Members of Parliament.”

This is the same Annette King who had a taxpayer subsidised boarder who was investigated by police.

She has never talked about her tenant’s activities with young men late at night – but maybe she can now, because to quote her, it reflects badly on other MPs.

And since she raises it then perhaps she might like to include the Labour party that arranges its own affairs for a financial advantage…owning many of the offices that parliamentary services rents of them. Or the MPs like Louisa Wall who own the property that is rented for their offices.

The list goes on and on, but since Annette raised it let’s have a good close look at all MPs and their arrangements shall we?

For the record, here is a list of property owning Labour MPs, I wonder of John Weekes will search out the tenants of their properties? I’ve done half his work for him…I’ll give him a week head start and if he doesn’t do anything by net week then I’ll have a crack.

Hon Phil GOFF (Labour, Mt Roskill)

Family home and farm property (jointly owned), Auckland

House (jointly owned), Mt Roskill

Chris HIPKINS (Labour, Rimutaka)

Residential property, Trentham, Upper Hutt

Residential property, Raumati South, Paraparaumu

Raymond HUO (Labour, List)

Family home (held in family trust), Auckland

Investment properties (x3, jointly owned), Auckland

Iain LEES-GALLOWAY (Labour, Palmerston North)

Family home (x2), Terrace End, Palmerston North

Rental property, Terrace End, Palmerston North

Rental property, Wellington

Hon Nanaia MAHUTA (Labour, Hauraki-Waikato)

Family home, Ngaruawahia

Rental property, Hamilton

Hon Trevor MALLARD (Labour, Hutt South)

Home, Wainuiomata

Rental property (jointly owned), Dunedin

Sue MORONEY (Labour, List)

Family home (jointly owned), Waikato

Rental property (jointly owned), Waikato

Apartment (jointly owned), Wellington

Holiday home (jointly owned), Coromandel

Hon Damien O’CONNOR (Labour, West Coastā€“Tasman)

Family home and property, Mahana

Rental property, Christchurch

Hon David PARKER (Labour, List)

Family home (jointly owned), Dunedin

Holiday home (jointly owned), Karitane, Otago

Investment property (owned in partnership), Alexandra, Otago

Investment property (owned in partnership), Dunedin, Otago

David SHEARER (Labour, Mt Albert)

House, Avondale, Auckland

House, Point Chevalier, Auckland

Section (jointly owned), Whananaki

Suā€™a William SIO (Labour, Māngere)

Family house, Otara, Manukau

House, Otara, Manukau

Relativeā€™s house, Manurewa, Manukau

Louisa WALL (Labour, Manurewa)

Family home (owned by trust), Manurewa

Whanau home (jointly owned), Taupo

Rental property (jointly owned), Turangi

Rental property, Otahuhu

  • johnbronkhorst

    tell me louisa…what is the diffence between a “familly home (owned by trust) and a “whanau home (jointly owned)”?

  • Redbaiter

    ā€œunacceptable for an MP to arrange their affairs to provide a personal financial advantage for themselvesā€

    Helen Clark, who I believe owns a big bunch of houses, pushed for a steep increase in migrant intake, which of course results in significant increases in house prices and rental rates.

    Helen Clark gave millions of NZ taxpayer dollars to the United Nations, and then got a high paying job there when the voters finally booted her.

    Somehow though, I don’t think Annette will be scrutinising any of the actions of her former leader.

    • whollyghost

      I wonder if He len will try to increase the UN refugee quota for NZ and thereby help push up rentals? Wouldn’t be surprised if He len did do that.

    • blazer

      you really do talk a load of nonsense redbeater.A big bunch of houses’ does she really?Migrant intake does not push up house/rental rates…1 trick pony banks lending practices and property spruikers helped along by tax set offs do that .

      • Alex

        Agree this is the sort of deranged ranting I’d expect from some unhinged Leftist vis-a-vis John Key. Yes I disliked Clark, but really?!

      • Get a Grip

        Duh!! Obviously you don’t understand the principle of supply and demand in a free society. More demand for houses puts the price/rent up….So more immigrants arriving than number of houses being built, pumps up prices….

        Have to laugh that it is the banks and property investors that pump up prices. You really need to read more about the real world of economics/finance.

        • blazer

          You seem to be the one who can not get a grip on economics/finance.There are more immigrants arriving in the U.S than houses being built einstein…why did houses drop 40+%?Do some research and sharpen up…or are you really that simple!

  • cows4me

    Ah don’t you love socialism, can you not feel the love. All these rich pricks, whatever happened to “think of the children, the little children”. More do as I say not as I do.

    • Macca

      My thoughts exactly cows – you read my mind!
      Just one more question for both the tennant and the so called journo – what party did you both vote for in the last election? I think we all know the answer!

  • Meg

    LOL, gosh the right wingers sure do not like it when the truth comes out about one of their lot doing nasty things.

    And Whale, what a load of garbage, lets look at all MPs who own rentals… here’s a thought, lets look at ALL landlords and hold them ALL to account. Don’t pack a sad and cry just because one of your lot got caught being scummy.

    • fergus

      NOTE….ONE is a landlord………accused… not guilty of anything illegal…….therefore absolutely no comparison to fields…corruption, mallard…assalt..etc etc

      • Meg

        Just the fact he refused to provide suitable housing to a tenant because it would cost him too much.

        • Ronnie Chow

          Just think Meg , millions of Japanese seem to do just fine in the cold and snow without lovely ‘suitable’ insulated houses . It makes me laugh to see people like you thinking that everyone in NZ , no matter how poor , deserve the best and most expensive ‘minimum standard ‘ available , unearned .
          Well no they don’t . Who rents a flat or a house , and then asks for a free upgrade , and expects results or else ? Answer ; people like you .

          • Meg

            Spoken like a true uncaring well off white right winger with a nice warm house and food to eat and clothes to wear.

          • fergus

            You really are a PRATT meg. If you want a warm, dry home to live in…..pay higher rent or buy your own house… But this would mean, working harder, getting a better education, spending less on luxuries etc etc…you know like EVER other person out there who achieved it!!!! Not just rich right wing whities!!!!!!

          • Ronnie Chow

            In January this year I was sleeping and working , for 3 straight weeks ,in minus 4 to 5 degrees Celsius ;
            out of bed , coffee on , pee , warm clothes on , start work .
            The coldest that I have been in is minus 38 degrees celcius at an airport in Siberia in 1979 .
            Apart from mountain areas , NZ is not that cold Meg . Beijing was minus 10 last winter .
            So Meg ,w hy can’t people just take care of themselves anymore ?
            What have we become ?
            The Maori are doing this all the time now , complaining , because it works , and this attitude is slowly transferring over to the general population . This endless , constant carping about not being looked after . People are now celebrating their own stupidity and incompetence every day in the media , with a backing group of the Meg Sisters crying Oh Lord ! Take Care of Me !
            Perhaps in lieu of the lack of answers from God , the government of the day has become the surrogate , where the prayers WILL be answered .
            Supplicate , and ye shall receive .

          • Meg

            So you CHOSE to work in those conditions. Good for you. Bet you got a nice big pay check for it too.

  • viking

    Not a lot of assets amoung that lot. Broken arsed bastards. No wonder they don’t understand money. There are working people with more rentals than that.

  • Lofty

    I am with Viking on this…..what a load of losers, after all the time they have had bludging off the taxpayer and most have stuff all to show for it.
    I have old mates who never got past form 4 who are multi millionaires in property and business, they started on less dough than these financially illiterate tossers.

  • Sarrs

    Good god, can the leftys just please stay the f**k out of everyone else’s business? I own a rental and it’s not insulated because it still costs too damned much, even with a subsidy. It’s a commercial enterprise, not a charity. If I do insulate, you’re damned right I’m putting the rent up to cover the cost. I repeat – NOT A CHARITY.

    • Dave

      Saars. It doesn’t cost that much. I worked at a senior level in the industry, and it would be an investment of around $3K for a top quality job in a 180Sq/M home. Thats for ceiling, underfloor and a vapour barrier.

      I also DISAGREE with other posters here. In 2008 we rented a home whilst our new home was being finished, we payed $480 a week. We recently sold our new home to move to Aussie. My wife has rented again, ironically, that same home was on the market for $680 a week, thats a $200 rise from only 4 years ago when house prices have been STATIC. Granted, its Auckland. He was also a great landlord, and fair. When i discussed it with him, he said the market has improved, we haven’t done anything to the property. However, as there was only 3 living in the new rental, we went slightly smaller, and we were able to negotiate for the landlord to insulate it and fix up several other things. In return he got a good tenant for 6 months, who is paid up a month in advance.

      Landlords (and Saars) think of it this way. Present a superior rental, insulate it, put good curtains in it, and a heat pump, and your rental return will naturally be HIGHER, its a sheer fact of economic 101, Supply and Demand. You will also be able to chose a better tenant, who will likely look after your INVESTMENT better, and pay the rent on time, as they will have less days off sick due to living in a warmer, drier and more comfortable home. This means they will have less days off, earn more in wages, and are more likely to pay you your rent. The economics are there, run your return over 5 years and add in all the advantages. Refer to the Property Investors website, or http://www.eeca.govt.au and click on rental properties, but be QUICK, the government is likely to can the scheme now Maori have scuttled the asset sales (and influx of cash into the Governments coffers)

      • Sarrs

        I totally agree, an insulated house with all the things on you list will make a better return on your investment. Just where, might I ask, do you expect me to get the money for this? As I said, it’s a good idea but the commercial realities of the situation get in the way of your little utopian theory. I try and do one capital improvement to the property a year – this year, unfortunately, it was a new roof so that’s going to delay 2013 and probably 2014 plans. Just because I saved my pennies and invested in a house doesn’t make me rich. That underlying assumption is what afflicts all on the left. I’m the one wearing the risk in this situation and I’ll be damned if my personal circumstances have to suffer because my tenants have to put an extra blanket on the bed.

        • jonno1

          Agree with you Sarrs. I also have a couple of rentals that I maintain to a good standard, however approx. every 4 years the net profit on one or the other is zero due to major maintenance (no interest cost involved). I’ve insulated the ceilings (didn’t utilise the taxpayer handout), put in heat pumps and intend next to insulate the floors. But it all takes time and money and, as you say, the landlord carries all the risk. The only benefit of property ownership in the long term is that it keeps pace with inflation and the “gains” are tax free as long as you’re not trading. BTW I was quite pleased to see the depreciation provision go as it was a hassle to keep records in anticipation of a sale and didn’t bring any significant benefit in the long run (just a timing thing).

          • Sarrs

            Even when you depreciation was still allowed on rentals, I always filed an election not the depreciate…not many people were aware that you could do that but the IRD were always happy to grant them.

            The house I have is quite large and, based on experience and advice, I put in a log burner. It would have taken two heatpumps to work efficiently and even then I am not a huge fan of electric heating – the costs in an Invercargill winter can be astronomical. You might be surprised to know how many people down here have a preference for log or multifuel burners because the cost of heating is prepaid and there’s no big surprise at the end of the month when the power bill comes in. Some people just don’t ‘get’ how heatpumps operate efficiently. I would rather not expose them to the risk of $600/month power bills.

          • jonno1

            Fair enough re heatpumps in Invercargill vs Auckland where my units are. My tenants tend to be Islanders or Indians who rather like to be warm! The downside is that they are not good at airing the place – quite exasperating, so I now have a “mould” clause in the tenancy agreement. It never ceases to amaze me how quickly rentals deteriorate compared with your own home, even with “good” tenants. I guess ownership (ie ultimate responsibility) makes the difference.

        • Dave

          Sarrs. On one hand, you agree, on the other you don’t. a return on an investment is relatively easily funded from borrowing, and the return is high. For a $3000 in investment, with a modest $25 a week rise, there is a payback after 120 weeks, or around 140 weeks with interest. I believe you could get an extra $50 a week for a well maintained and appealing home in Auckland that is insulated. If the work is carried out as tenants change, then its a payback in just over a year, and MOST of the governments providers in the scheme offer a finance option. And, don’t forget the benefits of them working more, better class of tenant etc etc.

          PS: Check out the World Health Organization and the research from Phillipa Howden Chapman from Otago School Of Medicine, its not another blanket on the bed, its the indoor temperature and air quality.

          • Sarrs

            Oh…your underlying assumption is incorrect. The rental is in Invercargill (where I live, so I can keep an eye on it) not Auckland – not much scope to increase rents by $50 per week. I did get a laugh out of that though, you are totally unintentionally hilarious. You’re also making quite a broad assumption about my equity levels and ability to borrow which I certainly won’t go into here. There you go again, assuming that because I have a rental I must be able to wander down to the bank and pull another $3k out of my mortgage. I already have an excellent class of tenant who pay their rent on time and appear to be gainfully employed. Do you just assume that everyone who rents is poor, gets sick often and skips work? Assumptions mate – you’re making a lot of them. It’s a dangerous game and (here’s one from me) you don’t seem to have an actual clue about investing and managing rental properties in the real world.

          • Dave

            Saars, please Open your mind. I laughed when i noticed the southern narrow mindedness creeping in. You also assume very incorrectly. I have had 4 rentals, 3 were mine, 1 was my partners when we got together. Now all sold as we are leaving NZ.

            Regarding Invercargill / Southland, I have managed branch operations there since the 90’s, employing up to 25 people at times, and all in the energy or energy efficiency industry, and have many relatives there, you no doubt know some of them.

            But firstly, lets see.

            1) Is your own home insulated. Thought so, and if I am correct, that kind of makes you a hypocrite doesn’t it, okay for you but not your rental ?? I wont judge, see the links below for more info.

            2) Suggest you call Sumaria at Awarua Synergy. I have met her, and she is amazing. Her team are all accredited installers, and they have FINANCE available (not a mortgage) and they have SUBSIDIES from people like EECA and the LINES trust.

            3) A PS: Awarua Synergy have 5 LOCAL banks prepared to lend 100% of the invoice total and all loan fees are waived, now there is a deal for you.

            http://awaruasynergy.co.nz/home

            4) Invercargill has what is probably the BEST local heating trust (ex lines trust) They provide additional subsidies, over and above the EECA GRANT. Seriously, the people running this deserve big congratulations, they have improved the lives of thousands of Southlanders. (its administered by PowerNet)

            http://www.powernet.co.nz/index.php?pageLoad=246

            Better still, check out the article from STUFF, or from the ST, written by Alex Fensome
            http://www.stuff.co.nz/southland-times/news/7645326/Warm-Homes-Trust-performing-well

            And to finish off, here is an article from Phillipa Howden Chapman, i couldn’t find her full report with recommendations, but she is “The Authority” on the health and associated benefit of warmer homes, insulation and heating.

            Saars, i cant wait for your reply!!

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