Otago Property Investors Association Inc
Phone: 03 477 6220
Steve McKnight was a key note speaker at the NZPIF Conference 15-17 October in Blenheim
The seasonally adjusted number of new housing units authorised, excluding apartments, has fallen for the fourth consecutive months to the lowest level since July 2009, Statistics New Zealand has said.
News the government is to abolish gift duty – confirmed by Revenue Minister Peter Dunne – may not mean the end of the current system for transferring property assets into trusts.
The problem definition of a land investment product finally has some clarity with a proposal to make the definition narrow around complex land investment schemes rather than broad capturing basic investment.
The housing market continued to weaken in October, with the ANZ Property Focus reporting the lowest number of sales for any month of October since the series began in 1992.
An additional 100,000 rental properties will be required for Auckland at a cost of $31.1 billion over the next 20 years.
Housing market sales during October are down by as much as 46% on the year earlier in some parts of the country, according to the latest Harcourts MarketWatch figures.
A gradual slowing of the decline of commercial property capital values market is helping deliver improved investment returns, according to the Investment Property Databank.
The traditional springtime rise in residential property sales has failed to materialise so far this year, though the national median price is holding firm at $350,000 according to the latest REINZ monthly house price index.
Housing market activity has weakened ‘considerably’ over the past year and house prices could decline further, according to the Reserve Bank’s Financial Stability Report.
Property investors have given a lukewarm welcome to the launch of the Homestar property ratings scheme, citing costs and the possibility of compulsory accreditation as problematic.
Falling investor confidence has prompted a flight towards the safety of term deposits at the expense of property investment, according to the latest ASB Investor Confidence Survey.
Property values continue to gradually decline and are now 5.5% below the market peak of late 2007, according to the latest QV residential property report. However the news is not all bad.
Monthly home sales in New Zealand's biggest city have fallen to their lowest level in 20 months as the lingering effects of the stalled economic recovery continue to weigh on households.
Property investors are eager to reduce debt and increase savings, mirroring the financial changes many New Zealanders are making, according to the latest ANZ Property Investment Survey.
NZ Property Investor presents its annual health check of the residential investment market and finds out what investors are doing and how they have changed their approach in the past 12 months.
There is a shortage of four-bedroom rental properties across the country, demand for all types of rental accommodation in Auckland and a small overall increase in rents, according to First National’s latest quarterly residential property management survey.
The housing market remains weak, with sales and average selling prices falling further in September according to the latest ANZ Property Focus, which described a housing market “lost at sea and struggling to keep its head above water.”
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