Private rental property owners do not have a moral obligation to provide houses to anyone, including vulnerable tenants, the New Zealand Property Investors Federation says. The Government has enacted a series of measures this year designed to cool the effervescent property market, which have been criticised by investors. There has been debate in recent days over whether investors have a “moral obligation” to consider their role in the housing market, given the affordability pressures created by rising house prices. But Property Investors Federation (NZPIF) executive officer Sharon Cullwick said there was no moral requirement for investors dealing with vulnerable tenants. But those were large-scale investment funds – and most of the New Zealand residential rental market is owned by “mum and dad” investors with one or two rental properties each.

Source: Stuff April 27, 2021 16:52 UTC