Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, Nov 30, 2007

Some relief on 2yr rates

After a succession of increases in mortgage rates over recent weeks several lenders have now cut two year fixed rates.

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Wednesday, Nov 28, 2007

US house prices in freefall, recession likely

Those who believe that the NZ economy is destined to follow North American trends have plenty of cause for concern in the latest housing data out of the US today.

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Wednesday, Nov 28, 2007

State tenant upset over space issue

In the “unbelievable” file, a Christchurch Housing NZ tenant expects a bigger house because her two sons will stay with her for one night every two weeks. “I don't ask for much, but I feel the kids need more space -- it's not good for them.”

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Wednesday, Nov 28, 2007

German landlord paints a poor image of our industry

German police have arrested a 60-year-old landlord after discovering he used cameras and microphones to spy on his tenants for a decade while they bathed and slept.

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Tuesday, Nov 27, 2007

Delivery of Insolvency Information from Veda

On 3 December 2007 the Insolvency and Trustee Service goes live with the new website to show NAPs and SIOs. Veda Advantage will be ready to start providing their Clients with any new NAPs and SIO information captured on the Insolvency register.

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Sunday, Nov 25, 2007

Pensioner's win could slash state rents

Thousands of state house tenants could be eligible for cheaper rents thanks to the dogged determination of a pensioner and a community law office.

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Friday, Nov 23, 2007

REAL ESTATE INDUSTRY BILL - Details finalised

The Government announced (6 November) a raft of proposed changes to the way the real estate industry operates in New Zealand.

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Thursday, Nov 22, 2007

The only way is up

The news for homeowners only seems to get gloomier at the moment. Right now mortgage rates are high across the whole market and they don't look like getting cheaper for anytime soon.

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Thursday, Nov 22, 2007

6% pa rental increases predicted

A report from Westpac has predicted stagnant house prices but large increases in rental prices.

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Tuesday, Nov 20, 2007

How will the broadbased slowdown in housing be achieved?

The feature article in the November ANZ Property Focus says that the devil is in the detail. Looking at the composition behind the real estate data suggests that the market is very dichotomised and house prices are falling.

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Sunday, Nov 18, 2007

Have pet, can't rent

Pet owners struggling to find animal-friendly homes in a tight rental market are using novel techniques to impress potential landlords.

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Friday, Nov 16, 2007

More rate increases flow through

Mortgage rates are continuing to increase even though wholesale rates fell slightly at the end of last week.

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Tuesday, Nov 06, 2007

Housing market still hot

Despite the Reserve Bank's best efforts to cool the property market, house values are still rising.

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Monday, Nov 05, 2007

Short term rates up, long term rates stable

All the major lenders have now put their floating rate loans up to 10.05% following the latest increase in the official cash rate (OCR) to 7.75%.

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