Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Wednesday, Oct 31, 2012

Quake-hit homes still selling: REINZ

Even houses that may require major repairs are selling well in Christchurch, the Real Estate Institute says. Sales of properties rated in technical category three (TC3), meaning further investigation is required to determine whether major repairs are needed, are beating sales expectations, an analysis of sales shows.

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Tuesday, Oct 30, 2012

Government affordability proposals a mixed bag for investors

Some property investors will feel the sting of the Government’s moves to tackle housing affordability, but not as sharply as they might have, says the New Zealand Property Investors Federation.

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Monday, Oct 29, 2012

Agent website a valuable tool: O'Sullivan

A new website designed to help would-be sellers find real estate agents is helpful but won’t replace word-of-mouth recommendations, says Real Estate Institute president Helen O’Sullivan.

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Monday, Oct 29, 2012

Greens slam Govt affordability package

More development on Auckland’s fringes is not the answer to the housing affordability crisis, the Green Party says.

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Monday, Oct 29, 2012

Free eco-construction advice for developers

A programme launched today offers property developers advice to help them construct buildings that use up to 70% less energy than the average.

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Friday, Oct 26, 2012

Tenants compete for quality properties

Landlords can expect especially good returns from top quality investment properties at present, says New Zealand Property Investors Federation president Andrew King.

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Thursday, Oct 25, 2012

Landlords warned to hold off on seismic work

Smart commercial landlords should strengthen their buildings well beyond the legal requirement - or hold off for now, says a property consultant.

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Thursday, Oct 25, 2012

Hint of optimism in OCR announcement

The decision this morning to leave the official cash rate (OCR) unchanged at 2.5% hasn’t surprised anyone – but the hint of optimism included with the Reserve Bank governor’s statement has.

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Thursday, Oct 25, 2012

Lower standards to boost affordability: Alexander

It needs to become cheaper to build houses if New Zealand is to avoid a situation where lower income families have nowhere to live, says BNZ chief economist Tony Alexander.

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Tuesday, Oct 23, 2012

Debt collection could become much dearer

Dealing with problem tenants could become a lot more expensive under changes to the judicial system being proposed by the Government. Geoff Knight, of debt recovery and collection service CIA, said many landlords would give up on recovering money they were owed from errant former tenants if the new fees scheme was adopted.

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Friday, Oct 19, 2012

Auckland holds on to rental premium

Investors with properties in Manukau are getting the best return on investment, according to the latest market research from Crockers.

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Friday, Oct 19, 2012

Banks loosen lending criteria

Competition between banks is leading to a relaxation of lending standards, says BNZ chief executive Tony Alexander.

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Thursday, Oct 18, 2012

Investors offered rural opportunities

There are more options opening up for investors wanting a slice of the rural sector, according to Bayleys real estate.

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Wednesday, Oct 17, 2012

Commercial owners offered green cover

Commercial property owners are being offered a new insurance policy that covers environmentally friendly reconstruction. It’s been developed by insurance broker Apex General in partnership with NZI.

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Tuesday, Oct 16, 2012

Bank questions housing market sustainability

New Zealand’s housing market is caught between two opposing forces and price rises may not be sustainable, ANZ’s latest Property Focus report says.

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Monday, Oct 15, 2012

Agent survey shows little change

Young buyers and investors are active in the market, according to the latest BNZ/REINZ survey of real estate agents.

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Monday, Oct 15, 2012

Renewal of leases pushes NPT value up

A lift in Christchurch retail activity has pushed the value of NPT Ltd’s property portfolio up 6.9% in six months.

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Friday, Oct 12, 2012

Familiar cure for bank hangover

BNZ chief economist Tony Alexander says central banks around the world are pursuing a “hair of the dog that bit you” solution to the global financial crisis, by flooding the market with cash.

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Friday, Oct 12, 2012

Lifestyle market steady: REINZ

New Zealand’s lifestyle property market continued its lift in the September quarter, when there were 6.2% more sales compared to the same time the year before.

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Friday, Oct 12, 2012

Scarfies name worst flats

Otago University’s Students Association says the condition of the flats judged among the city’s worst is a reminder that tenants should issue their landlords with 14-day notices to rectify when things aren’t right.

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Thursday, Oct 11, 2012

NZPIF backs IRD on rental business

New Zealand Property Investors Federation president Andrew King has welcomed an Inland Revenue victory over a landlord it said was running a business.

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Wednesday, Oct 10, 2012

Mortgagee levels not as bad as reported: Helm

The mortgagee sale situation in New Zealand is not as dire as recent reports would have us believe, says property commentator Alistair Helm.

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Tuesday, Oct 09, 2012

Rental market softening, Trade Me stats show

It’s still hard to find a rental in Christchurch, according to the latest statistics from Trade Me.

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Tuesday, Oct 09, 2012

Auckland-centric boom could spill over: Westpac

House price rises concentrated in Auckland can still have a material impact on the national economy, Westpac economists say.

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Tuesday, Oct 09, 2012

Housing affordability improving

Housing affordability has improved year-on-year almost everywhere in New Zealand– except Auckland, according to Massey University.

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