New Zealand property owners can expect to see their rental properties rise in value again soon as the government launches a property appraisal program.
The Land Acquisition and Land Development Agency (LADA) announced today it is set to launch a new appraisal service.
It will allow property owners to buy properties with a low risk of the property falling into the hands of unscrupulous owners.
LADA will also be able to provide rental properties to tenants and homeowners, who will be able choose from the same criteria as the buyer, and get an appraisal on the property once they have bought it.
This is a significant step in the right direction for the country, and for property owners.
The program will allow homeowners and renters to buy or rent property with a high level of certainty and assurance, ensuring they get a quality property for the money.
“Property owners will have the opportunity to get more information about their property in real time through LADA,” LADA Minister for Finance Michael Wood said.
He said this was another step in LADA’s long-term plan to improve affordability.
“By offering rental properties for sale, we will make sure the Government of New Zealand’s rental sector can continue to provide an affordable and competitive market for property investors, while supporting the housing market, providing affordable rental housing and ensuring a safe, secure, and stable environment for families to live in.”
Mr Wood said the program would help the Government’s rental industry.
“Rental affordability is the most important part of our rental strategy, and it’s essential that the Government continues to promote this sector through the LADA rental appraisal service,” he said.LADA has a history of helping homeowners and businesses buy and sell properties, and has long worked with other government departments.
The agency will provide advice to property owners on the value and affordability of their property.
The LADA program is part of a larger government strategy to help property owners manage their property and ensure their assets are protected.
Land Acquisition and Development Agency director of commercial services, Dr John Huggins, said LADA would be an effective tool for property managers.
“It will make it easier for landlords to get information about the value of their properties and they can have access to a range of other advice and support services including financial planning and property security advice, advice on tax matters and more,” he told The Dominion Post.
“We want to ensure that landlords are not only prepared to buy and rent, but are also prepared to do so with the same level of integrity that they are in other areas of their business.”LADA also said it would work with landlords to improve their business practices.
“In particular, LADA will work with the owner and tenants to develop more effective property management processes that are both effective and efficient,” Mr Huggings said.