Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Tuesday, Sep 30, 2008

Update on legislation of interest to property investors

The election date is November 8 and the Real Estate Agents Bill comes into effect around November 2009. Other bills stay on the table until after the election.

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Tuesday, Sep 30, 2008

Building approvals fall to 22-year low

New Zealand home-building approvals fell to a 22-year low last month, reflecting an economy that may not climb out of recession until the final quarter of the year.

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Monday, Sep 29, 2008

Looking for a straight swap.

Royce Brazier is among the first to list a property in the new house trading website www.realestate.co.nz - but he' not new to trading properties.

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Thursday, Sep 25, 2008

Hot property specials on Generation Homes member only section

Specials from Generation Homes can now be accessed through a member only section of www.generation.co.nz. Have a look now!

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Thursday, Sep 25, 2008

Hot property specials on new NZPIF member only section

Specials from Generation Homes can now be accessed through a member only section of www.generation.co.nz. Have a look now.

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Thursday, Sep 25, 2008

Hot property specials on new NZPIF member only section

Specials from Generation Homes can now be accessed through a member only section of www.generation.co.nz. Have a look now.

read full story >

Tuesday, Sep 23, 2008

Housing New Zealand is suing a drug ring.

Housing New Zealand is suing a drug ring after one of its homes had to be demolished because it was contaminated by the chemicals the group used to make methamphetamine with. Ten people have been convicted of charges relating to the manufacture of methamphetamine at the Napier state house.

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Tuesday, Sep 23, 2008

President's September report

In Martin's absence, Andrew King writes about the Housing NZ 'P' case, tenant damage in Christchurch, importance of regular inspections and of checking the details of the cover your insurance policy provides you.

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Monday, Sep 22, 2008

Housing NZ sues drug ring

Housing NZ is suing a drug ring after one of its homes had to be demolished because it was contaminated by the chemicals the group used to make methamphetamine with.

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Friday, Sep 19, 2008

Keep fixing short and sweet

Now that interest rates have started along their downward path the recommended borrowing strategy is to go short. By short we are talking six months or one year.

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Thursday, Sep 18, 2008

Keep mortgage terms short, says bank

Following last week's half a percentage point cut to official interest rates, the ANZ is advising mortgage borrowers to keep their borrowing at relatively short terms.

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Tuesday, Sep 16, 2008

House affordability improves on back of house price, interest rate falls

Housing affordability improved by a record amount in August to its best level since January last year after house prices fell sharply and fixed mortgage rates fell below 9 per cent.

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Monday, Sep 15, 2008

Reap cash rewards with home renovations

For homeowners holding off selling in the current climate of falling property values, it is time to maintain and increase their equity in preparation for the next market upturn

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Sunday, Sep 14, 2008

NZPIF welcomes District Court decision ordering rehearing of HNZ case

Vice President Andrew King says it is essential that landlords have the ability to protect the neighbours of their tenants.

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Friday, Sep 12, 2008

Bollard cuts rates more than expected

Reserve Bank governor Alan Bollard surprised the market with a bigger-than-expected interest rate cut, citing a marked slowdown in household spending and a deteriorating global economy.

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Thursday, Sep 11, 2008

National commits to cutting building red tape

National will cut back on the excessive red tape in the building industry and instead drive quality by encouraging warranties, better standards and improved skills, says National’s Building and Construction spokesman, Nick Smith.

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Thursday, Sep 11, 2008

ASB joins in - three banks cut rates in wake of shock Bollard move

Three banks have now moved to cut mortgage rates, after Reserve Bank Governor Alan Bollard this morning surprised the market with an aggressive 0.5 per cent cut in the official cash rate.

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Tuesday, Sep 09, 2008

Government sitting on $5.7 m in unclaimed rent bonds

Landlords and tenants have left $5.7 million in unclaimed bonds with a Government department

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Tuesday, Sep 09, 2008

New award, Landlord of the year 2008

Sponsored by Department of Building and Housing, this award is to highlight the professionalism of our members who are landlords.

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Tuesday, Sep 09, 2008

Mortgage site links borrowers to lenders

Two Otago inverstors are helping to bankroll a new Internet site thay say will challenge mortgage brokers.

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Monday, Sep 08, 2008

QV residential highlights

Quotable Value's August residential statistics are out now. Check out what is happening in your area

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Saturday, Sep 06, 2008

Real estate reforms include $100,000 compo for rip-offs

Sweeping new real estate reforms were passed by Parliament last night, bringing in a consumer-friendly era for house buyers and sellers.

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Friday, Sep 05, 2008

Landlord group's code sets high standards

landlords have developed their own set of rules, barring them from renting dirty places, telling lies or making racists remarks to tenants

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Friday, Sep 05, 2008

OCR cut will provide new focus

Financial markets and commentators expect to see a further cut in the official cash rate of interest next week. The Reserve Bank is due to announce its latest decision on the rate on Thursday 11 September.

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Wednesday, Sep 03, 2008

New houses selling for half Auckland price

An Auckland developer is building new houses for $299,000 aiming to draw first-home owners.

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