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Rents are decreasing in some areas, giving tenants more choices, but landlords are finding it harder to secure good tenants. Now, 35% of landlords are considering selling their properties, and concerns about rising costs for repairs and insurance are growing. Although bank loans are becoming easier to obtain, overall confidence among landlords is declining.
The article discusses how outgoing Reserve Bank Governor Adrian Orr has been blamed for financial troubles faced by businesses and homeowners, largely due to his policies that contributed to high inflation. While some criticism is justified, it also points out that government spending and global supply chain issues played significant roles in the economic situation. As Orr departs, there are hopes for improved cooperation between the Reserve Bank and the new government, potentially leading to better economic analysis and conditions.
