Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Thursday, Jul 31, 2008

Ratepayers likely to face $2m leaky homes bill

Twelve Takapuna townhouse owners have been awarded more than $2million to fix their leaky buildings - ant the North Shore City Council is expected to foot the bill.

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Thursday, Jul 31, 2008

Banks fall into line on mortgage rates

The main banks have followed ASB's lead in chopping the most popular interest rate with home owners two-year fixed to 8.95 per cent.

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Sunday, Jul 27, 2008

Trading places in a tight market

The "trade" market, in which sellers and buyers offer to exchange properties or other assets to help conclude a property transaction, is coming back into prominence again.

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Friday, Jul 25, 2008

OCR reduced to 8.00%

The Reserve Bank today reduced the official cash rate (OCR) from 8.25% to 8.00%.

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Thursday, Jul 24, 2008

Bollard cuts interest rates - but what will the banks do now?

The Official Cash Rate was this morning cut for the first time in five years but homeowners might have to wait for their mortgage rate to follow suit.

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Tuesday, Jul 22, 2008

Buying a house 'more than twice as dear as renting'.

Buying a house is now almost two to two and a half times as expensive as renting, according to figures to be presented at a seminar today.

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Saturday, Jul 19, 2008

Get rent wise

Becoming a landlord in a slow property market can be daunting particularly if you don't know the first thing about tenancy law.

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Friday, Jul 18, 2008

Rollercoaster rates

Borrowers face renewed uncertainty over the future direction of home loan rates following events of recent days in New Zealand and overseas. The general direction of rates is still downward but the descent looks set to include some hairpin bends.

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Thursday, Jul 17, 2008

President's July Report

Code of Ethics launched. New Landlord of the Year Award. Comments to politicians on RTA Amendment Bill. Online transaction facility organised. High profile speaker’s tour of 7 Associations.

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Wednesday, Jul 16, 2008

Kiwis told to be wary of Aussies bearing gifts

High profile Australian property investor and author Michael Yardney warns New Zealanders they could be ripped off by Australian property marketers

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Wednesday, Jul 16, 2008

Veda Advantage releases six-month economic review as times get tougher for Kiwis

New Zealand's largest credit information provider today released its first biennial snapshot of the NZ economy, based upon comprehensive information collated from its Credit Bureau.

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Friday, Jul 11, 2008

Property keeps falling - June prices down 2 percent.

The winter housing slump is showing no sign of abating, with median prices falling by 2.15 per cent in June - from $345,000 in May to $340,000 according to official numbers released today by the Real Estate Institute.

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Friday, Jul 11, 2008

Make it short

Finally it seems there is some good news for borrowers at the moment. After a long period of rising home loan rates there are clear signs that things area turning around.

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Thursday, Jul 10, 2008

Investors seek farm exposure

Growing investor demand for exposure to the booming dairy industry is expected to stimulate New Zealand Exchange (NZX) listings, with six diary company floats likely within the next three years.

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Friday, Jul 04, 2008

Houses rented out as sales stall

Activity in the housing rental market market is surging as vendors back off on selling during the housing slump

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Friday, Jul 04, 2008

Surprise! Funding costs rise again

Just as we had got accustomed to the idea that the worst might be over for mortgage rates, the market has sprung another surprise.

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Thursday, Jul 03, 2008

Report to the NZPIF Communications Meeting 2008

Vice President Sonia Thom outlines the activities of the Otago PIA over the last year

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