Insight

Sunday 5 July 2015, with Philippa Tolley

Renting Grae Burton and Lily
 Aucklander, Grae Burton, and his daughter Lily in their rented Parnell apartment. ( RNZ/Kate Newton )

Insight for 5 July 2015 - Getting Real About Renting

Kate Newton explores what changes might be needed to support long term renting.

Home ownership may still be the Kiwi dream but, for a growing number of New Zealanders, renting is the reality.

More than half the population aged 15 or over now lives in a rental property and people are renting for longer and much later into life.

The Government has focused its efforts  on trying to build more homes in an effort to meet housing demand.

But is it also time to consider the well being of those who are renting indefinitely?

Kate Newton asks what kind of changes New Zealand might need to make to its tenancy laws and culture in order for renting to become a more attractive prospect for those who have no other choice.

Coming Up on Insight

8:12 am Sunday 12 July: Future Financial Stability

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( RNZ / Diego Opatowski )

Two months on from the Reserve Banks’ report on financial stability and the three areas identified as posing a risk have worsened.

The Auckland housing market continues to spiral upward, dairy prices are still in the doldrums and global financial conditions, at least in the case of Greece, are hitting crisis point.

Some commentators say this  country needs to alter course before there is a serious readjustment.

Others are more positive.

Philippa Tolley explores how worried New Zealanders should be about financial stability