Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, Mar 28, 2008

Rents shoot up 7% as landlords feel the pinch

Renters are hurting as much as homeowners - national average rents are up by just over 7 per cent, the average rental now costs %300 per week.

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Friday, Mar 28, 2008

Rates up, up and away

Mortgage rates are continuing to rise. Even over five year-terms, rates from some lenders are now priced at well over 10%.

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Thursday, Mar 27, 2008

Long term leases are beneficial but have downsides

President of the NZPIF appreciates the aim of the Minister of Building and Construction to ensure renters have more stability but says there are downsides to long term leases of 15-33 years

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Tuesday, Mar 25, 2008

Concern over long-term renters prompts proposal for tenancy rights

Concern over the long-term increase in families renting rather than owning homes has prompted Minister for Building and Construction, Shane Jones to propose providing stable rental rights, for the benefit of both landlords and tenants.

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Thursday, Mar 20, 2008

Home loan rates up and rising

Mortgage lenders have continued to raise home loan rates over the past week and there are suggestions from some commentators that they could go higher still.

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Friday, Mar 14, 2008

Flying high

Mortgage rates are continuing to rise even though the Reserve Bank held the official cash rate (OCR) at 8.25% last week.

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Thursday, Mar 13, 2008

Expert advice: wait for housing crisis sales

Don't buy yet, don't sell right now and polish the nugget you're sitting on .

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