Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Archive: 2008

Bank moves makes it harder to buy a home

New Zealand's largest banking group has doubled its minimum mortgage deposit, leaving would-be home buyers needing to find tens of thousands more before buying.
27-11-2008 more >>

Longer fixing now an option

Mortgage rates are looking festive as they continue to register scores of reductions by lenders.
27-11-2008 more >>

Interest tumbles in face of crisis

Reserve Bank Governor Alan Bollard is expected to hack more than 1 per cent off the official cash rate next week in an attempt to bring down interest rates and revive the flagging economy
25-11-2008 more >>

Leap in Tenancy Tribunal applications

Increasing financial pressures have seen a spike in the number of applications to the Tenancy Tribunal, mainly relating to unpaid rent.
25-11-2008 more >>

BNZ goes below 7 per cent mortgage barrier

BNZ is throwing down the gauntlet to other banks in slashing its lowest mortgage rate today to below 7 per cent.
24-11-2008 more >>

Bernard Hickey: Mortgage pain on the rise

There is one sure way to capture the mood of the real estate market and economy right now. Go to Trade Me or realestate.co.nz and search for properties with the word mortgage
23-11-2008 more >>

Agents feel the effect of market in doldrums

The volume of unsold houses in the country's northern region is rapidly rising and prices are taking a hammering.
21-11-2008 more >>

Property investors urged to diversify

Investors in the listed property sector can expect falling returns and are being advised to diversify for tougher times
20-11-2008 more >>

Focus is now on what the new Government will do

In their November Property Focus, ANZ economists say the Reserve Bank is New Zealand is now branishing some larger calibre weaponry to restore economic sentiment and market stability. They expect the newly elected government to do their utmost to stamp their mark on things too.
20-11-2008 more >>

Mortgage rates on their way down - Kiwibank joins in

Mortgage rates are on the way down today, with two banks - Westpac and Kiwibank, cutting rates in anticipation of another Official Cash Rate cut
20-11-2008 more >>

Flat-fee property management has come to NZ

AcQuire Property has launched Residential Management, a full property management service, that is offering to manage properties at a flat rate of $899 a year.
19-11-2008 more >>

Presidents Report

A copy of Cliff Seque's November presidents report
18-11-2008 more >>

Woman in Property Group

Otago Property Investors starts a "Woman in Porperty Group"
18-11-2008 more >>

National broom to sweep into housing

The new Government appears likely to keep real estate agent laws introduced by the previous regime but is aiming to make big changes to other poperty rules
17-11-2008 more >>

House prices start to bounce back

House prices in Auckland and nationally are up and agents say a rosier picture of the market is finally beginning to emerge
14-11-2008 more >>

Otago Investor November Issue

Receiving each issue of the Otago Investor is one of the benefits of membership of the Otago Property Investors' Association
14-11-2008 more >>

New govt brightens outlook for property market

Real estate agency leaders are feeling positive about the future under the National-led Government.
14-11-2008 more >>

Manage rent arrears through good tenant relationships

Tenancy Tribunal applications have increased by 16% over recent months with most of these cases relating to rent arrears.
12-11-2008 more >>

Property prices dip 6.8 per cent in year

Residential property prices fell 1 per cent in October, taking the annual decline to 6.8 percent, according to QV Valuations
10-11-2008 more >>

Photo of Otago PIA winning the Harry Lawson Cup

Otago PIA won the Harry Lawson Cup this year. This win acknowledges our excellent achievements during the year. Eleven other Associations competed for the Cup.
06-11-2008 more >>

Building new homes may not be the answer

Although the Salvation Army has identified a shortage of 2,500 homes in Auckland, the number of available rental properties is now 5,500 (1,600 increase since May) and there are 18,000 houses for sale.
05-11-2008 more >>

Mortgage rates coming down, but there's risks in fixing too long

Mortgage rates are coming down, say ASB economists, making it risky to fix an interest rate for too long.
05-11-2008 more >>

Bargains can lure buyers into leaky home morass

House and appartment buyers are unwittingly stumbling into the leaky building disaster, tempted by cheap properties with serious hidden defects.
04-11-2008 more >>

Summer tips for smart landlords

Sadly, the arrival of summer also means an increase in work for the Tenancy Tribunal when landlords and tenants face additional costs, and many New Zealanders move house
03-11-2008 more >>

November '08 Issue

  • Landlord of the Year - Andrea and Andrew Elliot
  • What’s best – a trust or an LAQC?
  • a day in the life of a property finder
    01-11-2008 more >>

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