We keep hearing, based on “research” done by the CTU and then repeatedly quote by Labour and the Greens, that there are 346 mega landlords each with over 200 properties, who stand to get substantial deductions off their tax bills because of the changes to the mortgage interest deduction rules….. BUT the number of 346 is crap!!!!!
Official figures show that only one private landlord and seven companies can be proven to own over 200 houses. Why? Because there is no register in NZ of how many rental property any individual, couple, family, trust, partnership, company, charity or any other entity owns.
So where did the CTU get the 346 landlord figure from. By looking at the number bonds any single entity has registered with MBIE. MBIE record the number of bonds in tiers from 1, 2-3, 4-10, 11-20, 21-50, 51-200, and more than 200. Yes, there are 346 entities that have registered over 200 bonds for properties BUT that is property managers who register the bonds on behalf of individual landlords.
So, your local Ray White property manager may be included in that 346 figure because they manage 350 dwellings and have registered the bond for those 350 dwellings BUT they could be managing those properties on behalf of 280 individuals or couples most of whom only own one or two properties.
So next time you read and article or see a report or hear someone say that there are over three hundred mega landlords with over two hundred properties, it’s rubbish. And there isn’t the number of mega landlords out there going to get huge deductions or even refunds, because of the change in policy.
www.nzherald.co.nz
Official figures show that only one private landlord and seven companies can be proven to own over 200 houses. Why? Because there is no register in NZ of how many rental property any individual, couple, family, trust, partnership, company, charity or any other entity owns.
So where did the CTU get the 346 landlord figure from. By looking at the number bonds any single entity has registered with MBIE. MBIE record the number of bonds in tiers from 1, 2-3, 4-10, 11-20, 21-50, 51-200, and more than 200. Yes, there are 346 entities that have registered over 200 bonds for properties BUT that is property managers who register the bonds on behalf of individual landlords.
So, your local Ray White property manager may be included in that 346 figure because they manage 350 dwellings and have registered the bond for those 350 dwellings BUT they could be managing those properties on behalf of 280 individuals or couples most of whom only own one or two properties.
So next time you read and article or see a report or hear someone say that there are over three hundred mega landlords with over two hundred properties, it’s rubbish. And there isn’t the number of mega landlords out there going to get huge deductions or even refunds, because of the change in policy.

Labour claimed 346 landlords owned 200+ properties, but official data can prove only one
The Government has hit out at Labour for using misleading figures.