Otago Property Investors Association Inc

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Email: otago@nzpif.org.nz

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Archive: 2010

Forecasts for housing market off with the fairies

Economic forecasts for robust housing market activity to appear in tandem with rising interest rates over the next two years are “off with the fairies,” according to Rodney Dickens.
30-06-2010 more >>

Commercial building permits in doldrums

New Zealand's commercial property sector stayed in the doldrums last month with permits for new construction down to a five-month low, while consents for new homes, excluding apartments, slid to their weakest level since January.
29-06-2010 more >>

House building starting to rise again

New residential housing construction has already picked up over the first half of 2010 and is predicted to lift by 23% in 2011 as New Zealand's housing shortage continues, according to Westpac.
25-06-2010 more >>

All the banks have now hiked short-term rates

All of the major banks have now lifted their short term mortgage rates with Westpac and BNZ the last two to make changes following the Official Cash Rate (OCR) hike of 25 basis points to 2.75% earlier this month.
23-06-2010 more >>

Continuing pressure on house prices

House prices don't look set to rise any time soon, according to the latest ANZ Property Focus.
23-06-2010 more >>

New Plymouth: Investing in the ‘Naki

Taranaki's main centre is a hive of activity with good investment potential due to the stable nature of the housing market.
18-06-2010 more >>

RBNZ finally gets a response

If ASB had not kicked off mortgage rate increases yesterday, then the Reserve Bank would have started thinking in terms of boosting the Official Cash Rate (OCR) 0.5% in July simply to force the response it wants, says BNZ economist Tony Alexander.
18-06-2010 more >>

Auckland momentum follows rest of country

The Auckland residential property market has come into line with the rest of the country after being ahead in terms of momentum, according to the latest Mike Pero Mortgages-Infometrics Property Cycle Indicator (PCI).
18-06-2010 more >>

Buyers have edge over sellers for now

Residential home buyers have a slight edge over sellers with a solid number of listings and longer selling periods eroding vendors' ability to pick and choose the best bid.
15-06-2010 more >>

Traps for the unwary in qualifying company changes

BDO tax partner Alan Scott says property investors need to look at some of the overlooked parts of the Budget and start preparing for change now.
14-06-2010 more >>

Some Canterbury investors get cold feet

A group of Christchurch property investors are selling up due to high debt levels, unrealised gains and Budget issues.
14-06-2010 more >>

Budget not driving property investors away

If the Budget was designed to put residential property investors off their stride then it appears to have failed.
11-06-2010 more >>

OCR increase good for property market

The Real Estate Institute is saying that the increase in the official cash rate, which will lead to higher mortgage rates, is good for the property market.
10-06-2010 more >>

Borrowers - don't panic

Borrowers shouldn't panic about the Official Cash Rate (OCR) increase to 2.75% today says ANZ chief economist Cameron Bagrie.
10-06-2010 more >>

QV main urban areas commentary: May 2010

Values throughout the main urban areas have flattened or declined over the three months to May, according to QV's latest statistics. Find out what's happening in the story below.
10-06-2010 more >>

Market set to potter along: QV

The residential property market is a mixed bag in terms of activity but looks set to "potter along" for the next while, according to QV.
10-06-2010 more >>

Residential building and consents increase

An increasing volume of residential building in the March quarter has offset a continuing fall in commercial construction, to post an overall lift in all building work of 0.7% across its three month measurement period.
08-06-2010 more >>

Huge residential property investment portfolio up for sale

The biggest single receivership sale of residential investment property ever seen in New Zealand is placing seven large-scale multi-tenanted units on the market for sale – encompassing some 153 rental units.
06-06-2010 more >>

GST to impact substantial investors

An increase in GST will have a significant impact on property investors with substantial portfolios.
04-06-2010 more >>

Auckland house sales gain in May

Auckland house sales and prices rose last month after a soft April, though the property market still faces headwinds with interest rates likely to rise and more people looking to head across the Tasman.
03-06-2010 more >>

Property prices under pressure

Property prices are still under pressure as households keep debt repayments as a top priority for the year ahead, according to the ANZ New Zealand property gauges.
02-06-2010 more >>

Buying a former 'P' house can prove costly

Just like a leaky home, a house that has been used to manufacture methamphetamine (P) can cost tens of thousands of dollars to clean or repair before it is safe to be inhabited again.
01-06-2010 more >>

Sellers forced to get realistic

Sellers are being forced back down to earth in terms of price expectations if they want to shift properties, amidst sagging sales.
01-06-2010 more >>

June '10 Issue

Big Bad Bill English puffed a lot of hot air over property investors’ heads in the lead up to the May Budget. But what do the announced changes really mean for the future of property investment.
01-06-2010 more >>


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