Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

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Archive: 2012

High-flier bankrupted

High-profile property developer and racehorse owner Don Ha has been bankrupted. Ha and his wife Mohini were bankrupted in the Auckland High Court yesterday after action brought by KiwiBank, supported by BNZ, Westpac, ANZ National and the Public Trust.
31-08-2012 more >>

Construction rates up but not enough: Master Builders

Construction growth is tailing off everywhere except Auckland and Canterbury, the Registered Master Builders Federation says. The latest building consent figures show an increase in activity on 2011, with 1478 house and apartment consents issued in July 2012, a 26 per cent increase on the same month a year before.
31-08-2012 more >>

Not installers' right to limit access

Landlords have been getting a bad rap over recent weeks, with newspaper articles outlining property investors’ seeming reluctance to take up the Warm Up NZ subsidy for retrofitting insulation.
30-08-2012 more >>

Salvation Army weighs in on affordability

Access to safe, decent, affordable housing is the single biggest issue facing hundreds of thousands of Aucklanders, according to a report from Salvation Army social policy analyst Alan Johnson.
30-08-2012 more >>

Construction work picks up pace

Nearly a billion dollars’ worth of building consents was approved in Canterbury in the first half of 2012, quickly approaching the 1.2 billion consented over the whole of last year.
29-08-2012 more >>

Westpac offers online house hunting tool

Westpac says its new service, HomeClub, is a way to add value for customers beyond traditional banking services.
29-08-2012 more >>

NZPIF Media Statement

Are NZ property prices really too high? The Economist magazine recently stated that New Zealand house prices were 66% over valued based on a comparison to New Zealand rental prices. The NZ Property Investors’ Federation believes that the magazine’s study uses the wrong figures for rental price and expected rental return. The Federation also believes that the magazine has not examined whether rental prices are in fact too low when using them to reach a conclusion on property prices.
28-08-2012 more >>

Take care with water charges: MoBIE

Landlords must be careful if they try to recover new water costs by adding them to the rent they charge, says the Ministry of Business, Innovation and Employment.
28-08-2012 more >>

Are NZ property prices really too high?

The Economist magazine recently stated that New Zealand house prices were 66% over valued based on a comparison to New Zealand rental prices. The NZ Property Investors’ Federation believes that the magazine’s study uses the wrong figures for rental price and expected rental return. The Federation also believes that the magazine has not examined whether rental prices are in fact too low when using them to reach a conclusion on property prices.
28-08-2012 more >>

Insurance warning for investors

How much would it cost to replace your investment properties if disaster struck? Consumer chief executive Sue Chetwin says that information will be vital under changes to the way home insurance policies are structured.
27-08-2012 more >>

Syndicated sale of bank building sells out

Applications for investment in the ASB bank national support centre building in Auckland are oversubscribed ahead of the scheduled closing date for the syndicated sale.
27-08-2012 more >>

Prices will keep rising: Economist

Awareness of the shortage of available housing in some parts of New Zealand is driving buyers into the market, says BNZ chief economist Tony Alexander. Investors are also increasingly looking to buy he says, driven by expectations of rent rises and capital gains.
24-08-2012 more >>

Ground rent debate subdues prices

New ground rent charges for leasehold buildings on Auckland’s waterfront are coming as a rude shock to many property owners, says the city’s property investors association.
23-08-2012 more >>

Westie property market springs into life

The former Waitakere City was a standout for property sales in July, according to Realestate.co.nz Its latest Property Pulse factsheet for the region showed there were 329 sales for the month – just under June’s total. That was a 39% increase on July 2011.
22-08-2012 more >>

Govt moves to clarify water debate

Issues around water use and who pays for it have been clarified by the Ministry of Business, Innovation and Employment’s building and housing department – but not to the satisfaction of the New Zealand Property Investors Federation.
22-08-2012 more >>

Over-valued houses mean nothing for prices: Alexander

New Zealand may be one of the most over-valued housing markets, but that doesn’t mean prices are going to fall any time soon, says BNZ chief economist Tony Alexander.
21-08-2012 more >>

Affordability efforts need to broaden focus: ANZ

ANZ says too much focus in the housing affordability debate is being put on a shortage of supply. It says any effort to make housing more affordability needs to look at lots of factors, including improving the income side of the equation.
20-08-2012 more >>

Low-doc lending finding favour again

Self-employed people are flocking to low-doc loans, brokers say. The loans don’t require the same amount of paperwork as a standard mortgage and are popular with those who do not yet have the financial records to declare their income.
20-08-2012 more >>

Pegasus Town in liquidation

Buyers are likely to hesitate about purchasing at partly-built Pegasus Town, near Christchurch, now that it is in receivership, despite assurances from the developer that it is business as usual, says one local real estate agent.
17-08-2012 more >>

Property market consolidating: ANZ

ANZ’s latest property report says the housing market looks likely to remain sketchy and prone to short bursts of enthusiasm followed by consolidation, as opposed to any clear trend.
17-08-2012 more >>

Mortgage enquiries up 50 per cent

New Zealanders are increasingly confident about borrowing to buy homes and businesses, according to credit bureau Veda. Almost 50% more people made mortgage inquiries this year, compared to 2011.
16-08-2012 more >>

Regional Review: Porirua pulse

Porirua is a diverse and underrated location for investors and tenants alike. If variety is the spice of life, Porirua is hot. Once seen as merely a satellite city of Wellington, Porirua is now a diverse and bustling region that draws all types of people and industries.
16-08-2012 more >>

Number of Auckland industrial vacancies drops

Industrial vacancy rates in Auckland are improving, according to the latest report from commercial property services firm Darroch.
15-08-2012 more >>

No property boom yet: Realestate.co.nz

Realestate.co.nz chief executive Alistair Helm says the New Zealand property market is a long way from a boom – despite the latest REINZ figures showing a 19.9% year-on-year increase in house sales.
15-08-2012 more >>

Acquisition tipped to push transtasman collaboration

The acquisition of Century 21 New Zealand by its Australian counterpart’s owner and chairman is expected to lead to closer transtasman collaboration, the firm says.
15-08-2012 more >>


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