Otago Property Investors Association Inc
Phone: 03 477 6220
Unwary landlords can find themselves caught up in a host of financial implications and be burned when they discover the cost of owning a rental property
When Parliament resumes in February 2009 there will be two major pieces of legislation and other business of interest to property investors.
Findings of the Survey for Ministry of Justice Review Team. Check the property market while in relaxed holiday mode. New style membership cards being designed. Best wishes for Christmas and the New Year.
It is tempting to think the worst is over for the housing market.
During the property market's heated phase,home owners saw the value of their houses soar without having to do so much as lift a paintbrush - but the sands have now shifted
A second survey this week confirms the view that people are interested in buying property again and expect house prices to fall further.
The ANZ economists in the December Property Focus recommend fixing for six months to a year.
Government officials have produced a gloomy outlook for the property market for incoming Minister of Housing Phil Heatley.
Tauranga’s property market has been turned on its head by the current climate. Although some parts of the Bay of Plenty city and surrounding areas have finally reached the bottom, others are yet to hit. Adrienne Jervis talks to locals with their finger on the pulse to gauge the market from an investor’s point of view.
Economic times may be tough but the good news is that housing in New Zealand is becoming more affordable.
As new figures continue to emphasise the fall off in house building, there are fears 35,000 jobs could be lost in the construction sector.
Some landlords are being left out of pocket due to an increase in the number of applications for no-asset procedures (NAPs) through the Insolvency and Trustee Service.
National property values have dipped again this -month - but the slide may be bottoming out, according to figures from Quotable Value.
The Official Cash Rate axe has swung again, with the Reserve Bank Governor Alan Bollard cutting official interest rates by 150 basis points - a 1.5 percentage point cut leaving the rate at 5 per cent.
A private member's bill which would have required landlords to insure their tenants has been taken off Parliament's agenda.
New Minister of Building and Construction. Effects of the global economic crisis. Meeting of DBH National Customer Service Council. Survey for Ministry of Justice Review Team. 2008/2009 NZPIF Executive.
POST-ELECTION – NATIONAL-LED GOVERNMENT A National Party led coalition with the ACT Party, the United Future Party and Maori Party is the new governing arrangement for the next three years.
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