Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Wednesday, Nov 30, 2011

Former Don Ha properties sold

A mass mortgagee auction of nine rental properties formerly owned by real estate agent and mentor Don Ha was successful, with all the properties selling.

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Tuesday, Nov 29, 2011

Mum and Dads bearing brunt of mortgagee sales rise

The number of mortgagee sales has increased over the last quarter - and this time it's mum and dad owners being hit rather than over-stretched property investors.

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Monday, Nov 28, 2011

Average weekly rent up 7.4% in year to June

The average weekly rent rose 7.4% in the year to June 2011, and 35% of New Zealand households made rent payments over that period.

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Monday, Nov 28, 2011

Property guru goes bust

Massive Action property mentor Dean Letfus has declared himself bankrupt following the collapse of his business and property investment empire.

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Thursday, Nov 24, 2011

Housing market confidence slips over quarter

Expectations that house prices will rise have fallen over the October quarter, and less people believe now is a good time to buy a house.

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Monday, Nov 21, 2011

Potential - and pitfalls - in mortgagee sales

Almost three times more mortgagee properties came to market this year than before the global financial crisis in 2007.

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Wednesday, Nov 16, 2011

Ha portfolio sale includes rentals with ‘solid returns’

A portfolio of 10 properties – eight of them with tenancies in place – will be auctioned by Bayleys in what the estate agent has described as one of Auckland’s biggest residential portfolio sales.

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Tuesday, Nov 15, 2011

CGT and planners get both barrels from Brash

Bursting the housing bubble – and making homes more affordable – will not be achieved by a capital gains tax, claimed ACT leader Don Brash.

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Friday, Nov 11, 2011

REINZ Regional Commentaries – October 2011

REINZ rounds up the sales numbers, open home volumes, prices and days to sell data from across the country.

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Friday, Nov 11, 2011

House prices up $9,000 in October

The national median house price rose by $9,000 in October and sales were up almost 30% on the year earlier, according to the latest Real Estate Institute of New Zealand (REINZ) report.

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Thursday, Nov 10, 2011

Investors still active in capital, Hutt Valley, muted elsewhere

Wellington and the Hutt Valley have again topped the BNZ-REINZ Residential Market Survey for investor activity, with 37.9% of real estate agents reporting investors active in the market.

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Wednesday, Nov 09, 2011

Investor confidence in rental property at decade low

The popularity of rental property among investors has hit an almost 10-year low, according to the latest ASB Investor Confidence survey.

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Wednesday, Nov 09, 2011

QV October 2011 - the regions

Property prices up nationwide, parts of Auckland above 2007 peak

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Wednesday, Nov 09, 2011

Property prices up nationwide, parts of Auckland above 2007 peak

National property values continued to gradually rise across the country and are above 20007 peak levels in parts of Auckland, according to the QV residential property index for October.

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Friday, Nov 04, 2011

Auckland sales down, listings and prices up

The arrival of spring has seen a modest increase in interest in the Auckland housing market with more homes listed, the average price edging up though the number of sales fell slightly.

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Thursday, Nov 03, 2011

October sales rise but enquiries hit by RWC, holidays and Greek tragedy

Property sales rose in October despite the Rugby World Cup, school holidays and confidence issues negatively affecting buyer enquiry levels, according to First National’s monthly residential property survey.

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Wednesday, Nov 02, 2011

Show me the (mentoring) money

Rent isn’t the only money to be made from rental property, as the growth in investment property seminars and mentoring shows, and for Property Investors Federation president Andrew King, it’s a concern.

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Tuesday, Nov 01, 2011

Asking prices hit new high in October

Property asking prices hit their highest level since 2007 in October at $434,161, according to the latest Realestate.co.nz NZ Property Report.

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Tuesday, Nov 01, 2011

Property Tutors defended in wake of FMA warning

Property Tutors – whose recent newspaper advert triggered a Financial Markets Authority (FMA) warning – has been defended by Gilligan Rowe & Associates (GRA) Matthew Gilligan.

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Tuesday, Nov 01, 2011

November '11 Issue

Best banks revealed - who will lend you the most.

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Tuesday, Nov 01, 2011

Tenancy Tribunal Hearing Delays

A common problem that I have been hearing for most of this year is how long it takes to get a Tenancy Tribunal hearing. I know from recent personal experience how frustrating it is to have a tenant living in your property and refusing to pay rent. You feel powerless as you wait for the hearing date to finally arrive.

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