Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Archive: 2009

'Mortgagee sale' can be trick to lure buyers

Estate agents are dressing down houses displayed on websites to look like mortgagee sales so they will entice bargain hunters.
31-03-2009 more >>

Predicted growth surge positive for housing

A predicted surge in population growth will have a huge impact on the housing market, says BNZ chief economist Tony Alexander.
31-03-2009 more >>

Landlords warned over drug rings

Landlords are being warned to watch their vacant rental properties, as they are increasingly becoming used as pick-up and drop-off zones for drug makers.
31-03-2009 more >>

One plan to cut resource management inertia

Good news for developers and investors is on its way. The Royal Commission on Auckland Governance intends to cut the red tape associated with the Resource Management Act.
30-03-2009 more >>

Mortgagee sales reach new high

Mortgagee sale figures have reached a new high, with Auckland hardest hit, latest figures show.
30-03-2009 more >>

Home-building approvals rise

New Zealand home-building approvals rose for the first time in three months, driven by apartment consents as declining short-term mortgage rates help lure investors back into the property market.
30-03-2009 more >>

Investment houses 'back to fair value'.

House prices have fallen below a fair price that investors should be willing to pay - the first time this has happened since late 2006 - says Westpac Bank.
24-03-2009 more >>

President's March report

Meeting with Minister of Housing. Assisting with revision of RTA Amendment Bill (no 2). Second survey on property managers. CHRANZ Aged Housing Workshop.
24-03-2009 more >>

Complaints about stubborn landlords

Complaints against landlords are increasing, with failure to carry out repairs or return bonds the biggest problems for tenants.
23-03-2009 more >>

Wheeler-dealer sheilas set sights on Kiwi property

A group of Australian women property investors will arrive in Auckland this week hoping to inspire people to make money their way.
20-03-2009 more >>

Insolvency changes don’t go far enough

Proposed changes to laws surrounding no asset procedures (NAPs), introduced to Parliament this week have been welcomed by property managers. But some say they don’t go far enough.
20-03-2009 more >>

Online fraudsters targeting landlords

An offshore-based online fraud is targeting New Zealand landlords.
19-03-2009 more >>

Have your say on Property Managers

The Ministry of Justice is conducting a review of Property Managers to consider if their services to property investors should be regulated in any way. The review has been instigated following changes to the real Estate Agents Act, which used to include regulations of Property Managers who were members of the Real Estate Institute.
16-03-2009 more >>

Real mortgagee sale numbers

Mortgagee property sales are at an all time high, according to new data released today in the Terralink Mortgagee Sales Report.
16-03-2009 more >>

A speedy bond refund process

More than 196,000 bonds to the value of $161 million were refunded by the Department of Building and Housing last year. Getting a bond refund is a simple and speedy process, but irregularities in tenant details can result in frustrating delays.
16-03-2009 more >>

Otago Investor

March issue of the Otago Investor Magazine. Read the President's report and the many tips for landlords and investors
16-03-2009 more >>

OCR reduced to 3%

Reserve Bank of New Zealand Governor Alan Bollard cut the official cash rate by 50 basis points to a record low 3% as expected, signaling the end to the steep easing cycle as the economy hits the bottom of its recession this year.
12-03-2009 more >>

Real estate market showing positive signs: Survey

Further signs are emerging that the residential property market is starting to pick up and an expected surge in immigration numbers plus a shortage of new construction will push up house prices.
11-03-2009 more >>

Residential highlights - February 2009

An increase in market activity over the past month has seen median house prices pushed higher in most of the main areas throughout the country, according to the latest Real Estate Institute of New Zealand (REINZ) stats, released today.
11-03-2009 more >>

Presidents Report

Copy of President Cliff Seque's February 09 report
11-03-2009 more >>

Home sales, prices revive in February

New Zealand home sales rebounded last month and prices picked up, suggesting cheaper borrowing costs are stoking a revival of interest in the real estate market.
11-03-2009 more >>

Evicted state tenants a concern for landlords

Private landlords are concerned about what happens to anti-social tenants, after Housing New Zealand (HNZ) evicted groups with gang associations last week for breaching their tenancy obligations.
10-03-2009 more >>

House party back on - for lucky few

With an official cash rate expected next week, experienced and less-seasoned property investors are looking at the housing market and seeing more reasons to buy
09-03-2009 more >>

Auckland the most positive big city

There is not a lot of good news in QV's last housing market report, however Auckland appears to be the best of the main urban areas. Find out what's happening in the main areas around the country.
09-03-2009 more >>

Property values fall 8.9%: QV

New Zealand property values dropped 8.9% last month, helping stir a revival in sales as mortgage rates fall.
09-03-2009 more >>


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