Labour Party leader Phil Goff's Wellington investment property which he is looking to let, despite saying he would sell it 18 months ago, is his superannuation, he told TV3 last night.
Goff was looking to rent the two bedroom Thorndon apartment for NZ$380 a week while living elsewhere in Wellington, TV3 reported.
The median rent for a two bedroom flat in Wellington is NZ$310, according to data from the Department of Building and Housing.
In a media statement, Goff said the property had been let for the past decade. The most recent tenant left three weeks ago after a three year tenancy.
Over the last 10 years the median sale price for dwellings in Wellington Central has risen 73% from NZ$301,500 in November 2000 to NZ$522,500 in November 2010, according to the Real Estate Institute of New Zealand.
"When I ceased to be a Minister following the 2008 election, I could not move back into my property because it was tenanted. I instead moved into a rental property," Goff said.
Goff said he had been trying to sell the property by way of private sale. “I’m negotiating with two people that have an interest in buying it," he said.
"Before the property can be sold, there are several maintenance issues that need to be resolved. For example, a shower has not been working properly. While this has been fixed temporarily, I have been advised that it will take until late January to be fixed permanently," Goff said in the media release.
'It's my superannuation'
“Why am I renting it out? Because it’s an investment property, it’s my superannuation," Goff told TV3. He was looking to rent it out on a six month lease, TV3 reported.
A newspaper advertisement for the apartment said it was in a quiet tower block with harbour views. No pets or smoking are allowed, and it would suit a professional or retired couple. Whiteware and a carpark were provided.
Here is the media statement sent out by Goff before the TV3 story went to air last night:
Today I have been approached by TV3 regarding my investment property in Wellington. It is important that the facts are made clear.
My accommodation arrangements are within Parliamentary rules. There is no rort here.
The property has been let for the past decade from when I became a Minister in the fifth Labour Government and I occupied a Ministerial house.
The most recent tenant departed three weeks ago after a tenancy of three years. That tenancy commenced when I was a Minister.
When I ceased to be a Minister following the 2008 election, I could not move back into my property because it was tenanted. I instead moved into a rental property.
I have been exploring the options of renting and selling the property, with the help of a friend, who also works in the Labour Leader’s Office. He has been helping me in a personal capacity.
Four people have viewed the property in the past fortnight with a view to renting the property. One of those people was a friend of Jason Ede, a senior National staffer working in the Prime Minister’s office. He declined the property this morning. I was contacted by TV3 this afternoon.
There has also been interest from the most recent tenant and from a neighbour to buy the property. A real estate agent has also viewed the property and took photographs yesterday. The agent provided advice about value and sale options.
Before the property can be sold, there are several maintenance issues that need to be resolved. For example, a shower has not been working properly. While this has been fixed temporarily, I have been advised that it will take until late January to be fixed permanently.
No chart with that title exists.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.