Earlier this month we attended the Ray White Property Management conference at the Skytower in Auckland. It was without a doubt, the biggest and best to date.
Zac Snelling opened the conference by illustrating the opportunity that exists in the property management industry – the opportunity being the 600,000 rented dwellings in New Zealand.
The biggest drawcard of the conference was the key-note speaker, ex-prime minister John Key. Looking very relaxed, My Key spoke about the various experiences he had as prime minister over 8 years, many with dead-pan humour.
He pointed out that New Zealand is currently undergoing the biggest construction boom it has ever had – and hence the difficulties people have finding builders. He also explained why his government was not keen on the idea of a WOF (warrant of fitness) for residential rental properties. The reasoning behind their position is that the cost of enforcing landlords to get a WOF on their properties would cost $100 million (in terms of compliance and monitoring) and that essentially those costs would be born the tenants.