Otago Property Investors Association Inc

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Email: otago@nzpif.org.nz

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Archive: 2010

Tauranga: Investing in sunshine

Traditionally touted for its relating lifestyle, Tauranga City offers more than the sun and surf to active investors, writes Adrienne Jervis.
30-07-2010 more >>

Building consents edge up slightly after slump

New Zealand's residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline.
30-07-2010 more >>

OCR increases but more moderate pace to come

Reserve Bank Governor Alan Bollard raised the Official Cash Rate (OCR) a quarter point to 3%, while predicting a less aggressive path for further increases - good news for floating mortgage rates.
29-07-2010 more >>

House prices to fall, rents to rise

House prices look set to continue falling, with Westpac predicting they could fall around 4.7%, while rents look set to rise.
28-07-2010 more >>

House prices likely to stay flat

While house prices increased in June from a month earlier, the general trend over the past three months has been flat at best, according to ANZ.
27-07-2010 more >>

Greens want new standards for rental properties

The Green Party is looking to impose more costs on landlords by having minimum standards for insulation and heating in rental properties.
24-07-2010 more >>

IRD's property focus getting sharper

The Inland Revenue Department's focus on the property market has not let up due to the recession. The department's latest annual Compliance Focus publication, released today, shows, if anything, an increased focus on getting more tax out of the property investment sector.
23-07-2010 more >>

SFO starts new Blue Chip probe

The Serious Fraud Office is to investigate allegations against an employee of the failed property investment group, Blue Chip, for alleged misinformation to investors and altering loan documents to induce financiers to lend.
22-07-2010 more >>

RTA amendments finally passed

The Residential Tenancies Amendment Act was passed by Parliament yesterday, with no last-minute changes to what was previously on the table.
22-07-2010 more >>

Canterbury investment properties hard to move

Only a third of a portfolio of 20 investment properties put up for sale in Christchurch have been sold, reflecting the difficult market conditions.
19-07-2010 more >>

Presidents Report

Copy of the Presidents report published in the OPIA Property Investor Magazine
17-07-2010 more >>

Soft housing activity predicted for the rest of the year amid weak REINZ data

Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month.
15-07-2010 more >>

Big bill hits fire family

A Piopio family who lost all their belongings in a [rented] house fire have been slapped with a $200,000 insurance bill.
15-07-2010 more >>

Govt came close to changing capital gains tax rules on property

Toughening existing tax rules about when the capital gain on a property can be taxed were still under consideration by ministers until relatively late before this year’s Budget, papers released by the Treasury show.
14-07-2010 more >>

Residential highlights - June 2010

Residential house prices firmed last month, according to the Real Estate Institute (REINZ). Find out what is happening in the main residential areas throughout the country.
14-07-2010 more >>

Home sales sink further to second-worst June in 10 years

Residential sales volumes sank to the second-lowest volume in a June month in the past decade as the property market remains mired in the doldrums, according to Real Estate Institute data.
14-07-2010 more >>

Property investors staying put in this buyers' market

A survey of property investors by Quotable Value has confirmed results of an earlier survey run by Landlords.co.nz. Both surveys show that few landlords intend to sell their investment properties because of changes introduced by the government in this year’s Budget.
13-07-2010 more >>

Property investors still sitting on their hands

Property investors are still "sitting on their hands" in the wake of the government's Budget, as values continued to ease last month.
12-07-2010 more >>

QV Main urban areas commentary: June 2010

Property values have fallen nationally, although Hamilton and Tauranga seem to be bucking the trend. Find out what has been happening in the main urban areas throughout the country.
12-07-2010 more >>

Be wary of raising rents

Landlords would be unwise to consider raising rents just yet, unless there is absolute room to do so, according to Barfoot & Thompson.
08-07-2010 more >>

Sellers still keen to meet the market

Sellers remain confident in the residential housing market and appear resolved to focus on attracting what little buyer interest there is rather than on achieving the highest price, according to Realestate.co.nz.
07-07-2010 more >>

Mortgagee sales increase in Auckland and Northland

The number of homes going up for mortgagee sales isn't decreasing, however type of property going to sale is.
05-07-2010 more >>

Winter malaise sets in as Auckland house sales slump

Auckland house sales slumped last month as winter malaise set in among buyers amid declining demand in the property market.
05-07-2010 more >>

Now's the time for maintenance

Landlords should be checking for winter maintenance issues now to ensure the health and life of their properties, according to the Department of Building and Housing (DBH).
02-07-2010 more >>

Rents will rise as house prices fall: Westpac

House prices will fall gently for the next two years before levelling out, but rents will rise because property investment is now returning less because of the October personal tax cuts, says Westpac in its latest housing market update.
02-07-2010 more >>


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