Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Tuesday, Aug 30, 2011

EQC earthquake liability increased by $4 billion

The Earthquake Commission (EQC) has increased its estimated Canterbury earthquakes liability by around $4 billion to $7.1 billion, Finance Minister Bill English has announced.

read full story >

Wednesday, Aug 24, 2011

Limited house price growth the new normal

Median rent growth has eased from its two-and-a-half year high last month and the housing market looks set to “continue muddling along” as opposing forces interact, according to ANZ.

read full story >

Wednesday, Aug 24, 2011

Capital gains tax would distort market further, says Reserve Bank

The Reserve Bank does not favour the kind of capital gains tax the Labour Party is proposing, saying it would only distort the property market further.

read full story >

Tuesday, Aug 23, 2011

King counters taxing solution to misdiagnosed problem

A “huge misconception” exists that investment property receives favourable tax treatment, and additional taxes could “spark an investor exodus,” according to NZ Property Investors Federation president (NZPIF) Andrew King.

read full story >

Friday, Aug 19, 2011

Price expectations up, confidence down

Despite an increasing number of people expecting house prices to rise, overall confidence in the housing market fell during the July quarter, according to the latest ASB Housing Confidence Survey.

read full story >

Thursday, Aug 18, 2011

City Bay a riser while Devonport sinks

The average median rent for a two-bedroom property in City Bays rose 13% in the year to July 2011, while the same size property in Devonport saw an 8% fall.

read full story >

Thursday, Aug 18, 2011

More Christchurch properties red zoned

The Government has today offered to buy an additional 940 earthquake affected properties in Kaiapoi and Pines Beach north of Christchurch.

read full story >

Thursday, Aug 18, 2011

The holiday’s over for holiday home tax treatment

IRD moves to reform the tax treatment of holiday homes will remove a “perverse” tax incentive for people to buy second, holiday homes.

read full story >

Tuesday, Aug 16, 2011

Rental property seen as second-best investment type

The popularity of rental property as an investment took a dip in Auckland, bucking the nationwide trend, though it still remains Kiwi’s second favourite type of investment, according to the latest ASB Investor Confidence Survey.

read full story >

Monday, Aug 15, 2011

Rent and the regions

Infometrics New Zealand Housing Outlook report examines rental levels and trends across various regions of the country over the year to June 2011.

read full story >

Monday, Aug 15, 2011

Tax changes prompt some investment property sales, report claims

Government tax changes have hit landlords’ future cash flows and left investors requiring a higher yield from their properties, according to Infometrics New Zealand Housing Outlook report.

read full story >

Friday, Aug 12, 2011

$30,000 fine for property finder “sets a clear precedent”

Property finder Dorien Forster has been fined $30,000 for acting without a license in a case Real Estate Agents Authority (REAA) chief Keith Manch said “sets a clear precedent on the role of property finders.”

read full story >

Thursday, Aug 11, 2011

REINZ July 2011 Report - the regions

The REINZ July 2011 regional commentaries.

read full story >

Thursday, Aug 11, 2011

Property sales and prices down in July

There were 301 fewer property sales in July compared to June, and the national median house price fell by $15,000, according to the latest Real Estate Institute of New Zealand report.

read full story >

Wednesday, Aug 10, 2011

Auckland July rents down on June, still above year earlier

The average weekly rent for Auckland properties in July was $417, and for the second consecutive month moved downwards, according to Barfoot & Thompson.

read full story >

Tuesday, Aug 09, 2011

Playing ball with the IRD during RWC

People seeking to rent out their property to take advantage of the Rugby World Cup have been warned they will be under scrutiny from the Inland Revenue to ensure they meet tax obligations.

read full story >

Monday, Aug 08, 2011

Nationwide property values steady, slide continues in Wellington

Parts of Auckland have seen property values increase by 2.4% since July, while Wellington remains the only main centre to see continued declines, according to the latest QV report.

read full story >

Monday, Aug 08, 2011

QV July 2011 Report – the regions

Analysis, comment and prices from QV Valuations staff across the country.

read full story >

Friday, Aug 05, 2011

Frankly my dear, property investors don’t give a damn

The lack of new listings on the market suggests property investors “don’t really give a damn” about the April 1 tax changes that affected investment property, according to BNZ economist Tony Alexander.

read full story >

Friday, Aug 05, 2011

July’s new listings down 15% on year

The lack of available property on the market could prompt upward price pressure, see buyers exit the market or both, according to the Realestate.co.nz July report.

read full story >

Thursday, Aug 04, 2011

Barfoot & Thompson Auckland listings at decade low

Barfoot & Thompson listed just 1050 new properties in July, 8.9% lower than in June and the lowest number for a decade.

read full story >

Monday, Aug 01, 2011

The Politics of envy

The NZPIF has had two meetings this year with senior Labour Ministers. At both these meetings we asked about Labour's housing policy and if any new taxes were being considered. We were told that a land and capital gains tax had been looked at, to pay for extra planned spending, but there were problems with both and would not be part of their policy.

read full story >

Monday, Aug 01, 2011

Devonport sees two-bedroom rents up 26% on year

The average median rent for a two-bedroom property in Devonport rose 26% in the year to June, while the same size property in Takapuna/Milford saw an 18% fall, according to the latest Crockers Auckland rental price table.

read full story >

Monday, Aug 01, 2011

August '11 Issue

  • Sir Bob Jones
  • Investing in the Wellington CBD
  • Property Finders versus Real Estate Agents Authority

    read full story >

  • Results: 24

    Show 10 25 50 per page

    Sponsors & Partners

    NZPIF Sponsors