Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, Apr 30, 2010

Building consents fall in March

New Zealand residential building consents fell for the third month in four in March, underlining the tepid pace of recovery in a housing market that is facing tighter tax rules and less activity from developers.

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Thursday, Apr 29, 2010

Market continues trucking down

The property market continues to deteriorate, according to the Mike Pero Mortgages/Infometrics Property Cycle Indicator (PCI).

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Wednesday, Apr 28, 2010

Agent found guilty over misleading commission costs

An Auckland real estate agent has been censured under the Real Estate Agents Act after he mislead a client over his commission fee.

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Monday, Apr 26, 2010

Property round-up

Auckland sales prices have jumped, which research company Crockers finds unusual considering the lack of sales numbers, plus IRD is looking at what it constitutes as a mortgagee sale in relation to collecting GST.

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Friday, Apr 23, 2010

IRD shifts approach on GST applied to land

Inland Revenue has signalled a further shift in its approach on GST when applied to land sales.

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Thursday, Apr 22, 2010

Rents set to rise as demand increases

Rent levels look set to rise, as pressure builds due to declining properties available and increasing demand.

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Saturday, Apr 17, 2010

Website stats point to rise in renters

Rents may be flat at present but not for much longer, if the latest figures from Trade Me Property are anything to go by.

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Friday, Apr 16, 2010

REINZ residential highlights – March 2010

Sales have lifted throughout the country, but the market remains weighted in favour of buyers. Find out what's happening in the main regions throughout the country.

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Friday, Apr 16, 2010

House sales still in soft patch

House sales are still in a "soft patch" as the usual strong month of March edged up from February, according to the latest Real Estate Institute of New Zealand (REINZ) figures.

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Friday, Apr 16, 2010

Think about fixing at a two-year rate soon

Borrowers could think opportunistically about hopping into, at the longest, a two-year rate in the next two or three months just ahead of the Reserve Bank tightening monetary policy, says BNZ economist Tony Alexander.

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Wednesday, Apr 14, 2010

Complaints to REAA pouring in

The new Real Estate Agents Authority (REAA) has already received over 320 complaints in its first five months of operation.

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Monday, Apr 12, 2010

Income tax cuts admirable, but let's look again at winners and losers

If income tax rates are to fall, then someone has to pay for it. We will all contribute through higher GST, which is fair. And many think it is fair for tenants and rental property owners to make up the shortfall. The main reasons suggested are that property investors have a tax advantage and that they take money out of the tax system. It is understandable why people may feel that increasing rental property tax is reasonable, but have we been told all the facts and the ramifications of these tax changes?

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Monday, Apr 12, 2010

Property round-up

Take-up of the government's insulation scheme has been hot throughout the summer months, HSBC has substantially dropped its home loan rates and now has the lowest rates on offer, plus a national real estate company has seen sales rise 30% over the past month.

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Monday, Apr 12, 2010

QV regional snapshot - March 2010

The residential property market has been changing dramatically over the past few months. Find out what has been happening in the main urban areas in March.

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Monday, Apr 12, 2010

Property market to stay flat while uncertainties remain

New Zealand property values will probably stay flat until all of the uncertainties weighing on home owners are cleared up, according to QV Valuations.

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Monday, Apr 12, 2010

North Shore suburbs booming

Investors in North Shore property over the last year will be pleased to see the QV statistics for the past 12 months which reveal that house values jumped by around 20%.

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Thursday, Apr 08, 2010

Auckland central: Money in metropolis

After a tumultuous few years, the Auckland central business district apartment market is finally regaining lost ground. Vicki Holder explores the concrete jungle for investment potential.

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Wednesday, Apr 07, 2010

Auckland house sales pick up in March

House sales in Auckland picked up last month after early signs that the property market was running out of steam, according to Barfoot & Thompson.

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Tuesday, Apr 06, 2010

Two Gold medals at Royal Easter Show for Conference sponsor Hunter's Wines

Hunter's Wines Ltd has been award two gold medals at the 2010 Royal Easter Show. The medals were awarded to Hunter's Marlborough Pinot Noir 2008 and Hunter's MiruMiru Non Vintage.

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Tuesday, Apr 06, 2010

Conference sponsor Mahi Wines well reviewed

2008 Mahi The Alias Sauvignon Blanc reviewed in March 2010 by Jane Skilton of the Independent Wine Monthly and by Chairman Smith of the Otago Daily Times.

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Tuesday, Apr 06, 2010

Treasury says tax system out of kilter

The New Zealand tax system is unfair and creates the wrong incentives for investment, particularly in the property sector, says Treasury Secretary John Whitehead.

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Thursday, Apr 01, 2010

April '10 Issue

Housing around a third of the country's population, Auckland offers a plethora of investment opportunities. We take a look at up-and-coming areas to give investors throughout the country the opportunity to tap into future growth in the largest city in New Zealand.

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Thursday, Apr 01, 2010

Lifestyle outperforms residential

New Zealand's lifestyle property market is becoming more closely linked to residential real estate moving away from the traditional association with rural land according to Bayleys.

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