Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Thursday, May 31, 2007

BUDGET 2007 Initiatives

The Budget (17 May) contained three announcements that were of interest to the Federation.

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Thursday, May 31, 2007

Kiwibank campaign ends

Kiwibank has ended its two week price-cutting campaign designed to attract business from borrowers refinancing off maturing fixed rate deals.

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Wednesday, May 30, 2007

Residential building consents back on the rise

Dwelling unit approvals look to be trending back upwards in a move that could add to pressure on the Reserve Bank to lift interest rates at its review next Thursday.

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Sunday, May 27, 2007

Looking for some balance in the demand-supply of housing

In the feature article of the May issue of ANZ's Property Focus, the simple demand-supply housing balance measures across the regions highlight Auckland and Wellington as areas where the market remains tightest. Conversely, a turning point is not too far away in the majority of regions, noteably Gisborne, Hawke's Bay and Taranaki.

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Friday, May 25, 2007

One bank war

Last week had with some good news for borrowers with Kiwibank dropping some of its fixed rate home loans in an effort to capture some of the refinance business in the market.

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Monday, May 21, 2007

Lifestyle property prices show surge

Lifestyle property prices are surging matching the demand for houses in town.

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Friday, May 18, 2007

Taxman closes in on property speculators

Property speculators who are reaping millions of dollars from the super-heated housing market are about to feel the heat from a tough new crackdown.

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Friday, May 18, 2007

Budget 2007: Action on property speculation

Press release by the Hon Dr Michael Cullen, Minister of Finance

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Friday, May 18, 2007

Kiwibank chases refinance busin

Kiwibank has cut its fixed rates loans in a two-week marketing campaign aimed at attracting borrowers refinancing from loans fixed two or three years ago.

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Thursday, May 10, 2007

Brakes go on - big dive in house sales

Anne Gibson reports in the NZ Herald that New Zealand's biggest housing market is in the grip of a slow down.

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Thursday, May 10, 2007

Further cuts to fixed rates

There have been further cuts to fixed rates over terms of two to five years from some finance companies and non bank lenders over the past week but some one-year rates have increased. The major banks, however, are maintaining identical rates over all terms.

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