Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Tuesday, Jul 31, 2012

Property investment loses appeal, except in Auckland

Housing is no longer the investment of choice for investors surveyed by ASB - except in Auckland. The latest ASB Investor Confidence Survey shows investors are becoming more cautious because of the looming crisis in Europe.

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Monday, Jul 30, 2012

Heatley eyes affordability, supplement

Housing Minister Phil Heatley has confirmed the Government is considering changes to the accommodation supplement and has slammed the cost of new subdivisions.

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Monday, Jul 30, 2012

Banks agrees prices are too high

ACT Leader John Banks supports Finance Minister Bill English’s claim that house prices are “ridiculously high” and that affordability issues are “turning off” young New Zealanders.

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Monday, Jul 30, 2012

More land 'not the answer'

More land won’t mean cheaper housing, the chairman of the Environmental Defence Society says. Gary Taylor told the NZ Herald today that Fletcher Building chief executive Jonathan Ling was thinking only of his firm’s own pockets when he said expanding Auckland’s urban limits to create more housing would lower prices.

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Monday, Jul 30, 2012

Building consent figures rise

Canterbury’s recovery is making a big difference to the number of building consents recorded nationwide. Statistics New Zealand said today that the total value of residential building consents rose 27% to $456 million for June 2012. The value trend has increased 30% since April 2011.

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Friday, Jul 27, 2012

Property Brokers advertisement complaint upheld

A radio advertisement for Property Brokers did not meet the standards of financial advertising, the Advertising Standards Authority says.

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Friday, Jul 27, 2012

'Off the plans' purchases finding favour again

Lawyers say they are seeing “off-the-plans” property purchases again – after years of none. But the trend comes with a warning. Denise Marsden, of Alexander Dorrington, said the change was noticeable.

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Thursday, Jul 26, 2012

Economists unruffled by OCR statement

This morning's announcement that the OCR will remain at 2.5% has prompted minimal reaction. Westpac said the Reserve Bank decision to leave the Official Cash Rate at 2.5% hadn’t affected its prediction that the first increase would be in July 2012.

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Wednesday, Jul 25, 2012

Steady growth continues: Report

In its latest Property Pulse report, website chief executive Alistair Helm said the inventory of unsold homes was at a four-year low, below 30 weeks.

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Wednesday, Jul 25, 2012

Council focus on affordability

Auckland Council has announced moves to address the city’s housing supply and property affordability problems. The city needs about 10,000 new homes a year but is building only 2500.

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Tuesday, Jul 24, 2012

Bank building sold in $50,000 blocks

ASB has agreed to a new 12-year lease term in its Dominion Rd, Auckland national support centre premises, which are being sold through a proportionate ownership scheme.

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Monday, Jul 23, 2012

OCR on hold until March: Economists

Benign inflation data, the still strong currency and the fragile global economy are likely to offset any concerns Reserve Bank Alan Bollard might have about the stronger than expected domestic growth data for the March quarter and rising house prices.

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Monday, Jul 23, 2012

Newland: Give first-time buyers GST break

Property investment guru Olly Newland says radical thinking is needed to solve New Zealand’s housing affordability problem.

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Friday, Jul 20, 2012

Housing ‘crisis’ but new boom unlikely

New Zealand’s housing shortage has become a crisis but a number of factors are working against massive price increases, says BNZ chief economist Tony Alexander.

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Friday, Jul 20, 2012

Cheaper to rent than buy: Economist

New Zealand Institute of Economic Research economist Shamubeel Eaqub says his friends don't listen to him when he tells them not to buy houses.

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Friday, Jul 20, 2012

'Careful balance' for property market

ANZ says the New Zealand property market is finely balanced, although there are still more factors putting upwards pressure on house prices than likely to push prices down.

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Thursday, Jul 19, 2012

Credit card technology to help property managers

New technology that allows credit card payments to be made via smartphone may help property managers keep on top of rent arrears.

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Thursday, Jul 19, 2012

Housing boom turns construction boon

Low interest rates aren’t just helping property prices – they are lining the pockets of the country’s plumbers, builders and electricians, according to the ANZ Business Microscope survey of small businesses.

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Wednesday, Jul 18, 2012

Politicians wade into supplement debate

Debate over the Government’s accommodation supplement is heating up. Labour’s housing spokeswoman Annette King says the supplement artificially props up rents and has suggested the money - which she terms a $1.2 billion subsidy for landlords – could be better spent building more houses.

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Wednesday, Jul 18, 2012

Focus on supplement misses the point

Politicians claiming the accommodation supplement is lining the pockets of landlords seem to have forgotten one key point: There is a massive property shortage in New Zealand, and in Auckland in particular.

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Wednesday, Jul 18, 2012

Lack of housing inflation tipped to keep OCR low

Westpac’s economists say low rates of housing-related inflation in the June quarter of this year are likely to keep the official cash rate low for the foreseeable future.

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Wednesday, Jul 18, 2012

Property guru does US u-turn

"THEY ARE snake oil, complete with white shoes and wagons :-)". That's what self-styled New Zealand property guru Dean Letfus wrote in March last year on Propertytalk.co.nz, when describing the US tax lien investments being promoted by rival Phil Jones.

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Tuesday, Jul 17, 2012

Unit title act changes cause confusion

Changes to the Unit Titles Act haven’t had the consequences that were expected, says Denise Marsden, partner at legal firm Alexander Dorrington.

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Tuesday, Jul 17, 2012

Watch out for unlicensed workers: Board

Property investors who hire unlicensed practitioners to carry out renovation work on their properties could be putting themselves in danger.

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Monday, Jul 16, 2012

Association backs call for strengthening help

Government help for commercial property owners needing to do earthquake-strengthening work should be taxation-based, says Auckland Property Investors Association president David Whitburn.

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