Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Saturday, May 30, 2009

Tough laws on tenancy drawn up

Landlords will face tougher sanctions - including $3000 in damages for failing to maintain rental properties properly - under a raft of changes to tenancy laws.

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Friday, May 29, 2009

POLITICAL & REGULATORY REPORT for May 2009

RESIDENTIAL TENANCIES AMENDMENT BILL - Introduced On 21 May the Residential Tenancies Amendment Bill commenced its first reading in Parliament.

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Thursday, May 28, 2009

Budget delivers home insulation

The Government has delivered on its promise of dealing with the chill in tougher economic times. The Budget has promised a grant of up to $1800 to pay for insulation and heating for homeowners, and it’s not subject to income testing.

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Thursday, May 28, 2009

New Zealand's property market is forecast to slump further

The Treasury's economic outlook for the year, released in today's budget, forecasts a shrinkage in residential investment of 25% for the year to March and a further 23% contraction the following 12 months.

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Tuesday, May 26, 2009

Rental yields better bet than capital gains: ASB

Properties offering good rental yields will be a safer option than capital gains, according to the latest ASB housing confidence report.

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Tuesday, May 26, 2009

ANZ gauges find demand is making property a sellers’ market

ANZ National Bank’s eight gauges of the property market predict the housing market is “showing signs of life” with a surge in migration lifting demand, although the overall tone is negative as unemployment remains the big uncertainty.

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Monday, May 25, 2009

Record mortgagee sales as economic downturn bites

Mortgagee property sales have hit an all time high with 201 recorded for March, a company specialising in property and land information says

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Monday, May 25, 2009

Legal possession and abandoned goods

Cliff Seque, President of Otago PIA, gives a step by step guide regarding what to do when confronted with an empty flat and the tenant's possessions are still on the premises.

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Sunday, May 24, 2009

Review of political issues of interest to property investors

Thomas Chin, the NZPIF lobbyist, reviewed the issues of interest to members at the Communications Meeting held recently in Wellington

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Sunday, May 24, 2009

President's May/June Report

RTA Amendments tabled again. QV Insider updates. Communication Meeting. Another special for NZPIF Conference.

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Sunday, May 24, 2009

Rent arrears-Application and Beyond

Cliff Seque, President of the Otago PIA, provides a step by step guide to the process of recovering rent arrears.

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Friday, May 22, 2009

Indicator shows worst maybe over for housing market

The worst may be over for the housing market, according to the Mike Pero Mortgages-Infometrics Property Cycle Indicator (PCI).

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Friday, May 22, 2009

Immigration pick up a plus for housing market

A rapid pick up in immigration numbers is being seen by many economists as a factor which will provide support to New Zealand’s housing market.

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Friday, May 22, 2009

Indicator shows worst maybe over for housing market

The worst may be over for the housing market, according to the Mike Pero Mortgages-Infometrics Property Cycle Indicator (PCI).

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Friday, May 15, 2009

Improve success from mediation

The Department of Building and Housing provides a mediation service to landlords and tenants. This can be a good way to resolve disagreements. It's important to be well prepared

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Friday, May 15, 2009

New bill champions personal responsibility

Housing Minister Phil Heatley says the Residential Tenancies Amendment Bill, which has been introduced into Parliament, promotes personal responsibility and choice.

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Friday, May 15, 2009

Water rates fire stoked again

The National government is not ruling out the privatisation of Auckland's water services, the outcome of which will have a huge impact on landlords.

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Wednesday, May 13, 2009

Residential housing may have hit bottom, as sales improve

Residential housing may have reached the bottom of the market as turnover improved and the speed of sales picked up, according to a survey.

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Tuesday, May 12, 2009

Confidence returning to residental housing market: Survey

Residential real estate is selling quickly, although there’s a shortage of listings, according to the latest BNZ Confidence Survey.

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Tuesday, May 12, 2009

Regional highlights: REINZ

Find out what's happening in your region.

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Tuesday, May 12, 2009

Residential market shows signs of stabilising: REINZ

A degree of confidence has returned to the residential real estate market as indicated by April sales figures released today by the Real Estate Institute of New Zealand (REINZ).

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Monday, May 11, 2009

Property values show hint of stablisation: QV

New Zealand property values fell 9.2% last month, a slight improvement from the previous month's 9.3% decline, suggesting the recession-induced slide is abating.

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Sunday, May 10, 2009

Regional snapshot: QV

Values throughout the country fell in March but many are better results than seen over the past couple of months. Find out what has happened in the region near you.

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Sunday, May 10, 2009

Postive cash flow properties

Now is a good time for investors. QV Insider updates their information to May 09

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Wednesday, May 06, 2009

Mortgage applications hit 16 month high underlining renewed interest in the housing market

Mortgage applications in March 2009 were up 38% compared with the same month last year, and were the highest monthly total since November 2007, according to Veda Advantage Bureau data.

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