Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, Nov 30, 2012

Politicians debate affordability

Affordable housing developments must be built only for New Zealanders buying their first home, and not snapped up by local or foreign property investors, says New Zealand First. The party’s associate spokesperson for housing, Asenati Lole-Taylor, is worried that the Government’s policy of cutting red tape to provide cheaper houses will line the pockets of investors.

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Friday, Nov 30, 2012

Building activity picks up pace

The number of new houses consented for in October was the highest of any month in more than four years, Statistics New Zealand said. Consents were issued for 1639 new houses, a number not reached since May 2008. Consents were also issued for 168 new apartments.

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Friday, Nov 30, 2012

RE/MAX announces buyout

A local group has bought out the New Zealand RE/MAX master franchise. From Monday, the New Zealand branch of the company will be owned by a group that includes the current regional director, Chris Chapman, managing director of RE/MAX Australia and New Zealand Michael Davoren and Keith Walker, franchise director of RE/MAX Australia.

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Thursday, Nov 29, 2012

Housing affordability up

Housing became a bit more affordable in the year to June 2012, Statistics New Zealand data shows. Incomes rose slightly while housing costs dropped.

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Wednesday, Nov 28, 2012

Buyers scope out Northland opportunities

Aucklanders looking for more value for money are looking north, real estate agents say.

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Wednesday, Nov 28, 2012

Watch out for bad tenants: Poll

Getting the wrong tenants into a property is the worst mistake investors can make, according to a poll of experts and landlords.

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Monday, Nov 26, 2012

North Shore rental properties are city's most expensive

One-bedroom properties in Takapuna, Pakuranga and Auckland’s city bays – from Mission Bay to St Heliers - are the standout performers in Crockers’ latest survey of rents.

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Monday, Nov 26, 2012

Councillor slams penalty fee "rip-off"

A lack of reminders from council will result in more than 50,000 Auckland property owners having to pay a 10% penalty fee on their rates, says councillor Cameron Brewer.

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Friday, Nov 23, 2012

REINZ urges caution after ruling

Agents must be very careful that they can back up any claims they make about a property, the Real Estate Institute says.

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Friday, Nov 23, 2012

Policy may not be good deal: Hargreaves

Parties proposing policies aimed at getting first-home buyers into houses must be sure they are actually doing them a good turn, one property expert says.

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Thursday, Nov 22, 2012

Low rates driving prices: ANZ

Carded floating rates are now at their lowest level in more than 48 years, ANZ says in this month’s Property Focus report.

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Wednesday, Nov 21, 2012

Restrict foreign buyers: Greens

Restrictions should be put on overseas’ buyers ability to purchase real estate in New Zealand, the Green Party says.

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Tuesday, Nov 20, 2012

Capital gains tax won't work: ACT

A capital gains tax won’t improve housing affordability, according to ACT. The party's leader, John Banks, spoke out in the wake of Labour’s party conference in the weekend, where it outlined plans to make housing affordable with a 10-year building programme.

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Monday, Nov 19, 2012

Kiwis think it's a good time to buy, but not in Auckland

Auckland’s property market isn’t yet overheated but a lack of supply is giving it added strength, says ASB chief economist Nick Tuffley.

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Sunday, Nov 18, 2012

Rental properties and cheaper houses in Labour's sights

Building more affordable housing and forcing landlords to ensure their rental properties are healthy are top of Labour’s priorities, its leader says.

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Friday, Nov 16, 2012

Auckland nears housing boom: Alexander

Auckland’s housing market is shifting into boom territory, helped along by investors who are dissatisfied with the returns they are getting on bank deposits, BNZ chief economist Tony Alexander says.

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Friday, Nov 16, 2012

Address affordability now: BNZ

Housing affordability is a national emergency, says BNZ chief executive Andrew Thorburn. Speaking to the Trans-Tasman Business Circle in Auckland this morning, he said New Zealand would not become a wealthier and more productive nation if it could not affordable house its population.

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Friday, Nov 16, 2012

Labour slams Hobsonville move

National has resurrected plans to ensure a percentage of the new houses built at Auckland’s Hobsonville Point sell for less than $485,000 – but Labour isn’t impressed.

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Thursday, Nov 15, 2012

Lifestyle market firming: REINZ

New Zealand’s lifestyle property market is heating up again, with as 15% increase in sales reported in the three months to October 2012 compared to the same time the year before.

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Thursday, Nov 15, 2012

LVR restrictions could work: NZPIF

Government restrictions on high loan-to-value loans have the cautious support of the New Zealand Property Investors Federation.

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Wednesday, Nov 14, 2012

Rental property regains top spot with investors

Rental property is again the most attractive investment to New Zealanders, ASB’s latest investor confidence survey shows. The survey, released today, shows investors’ confidence has climbed to the highest levels since 2010.

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Wednesday, Nov 14, 2012

Trust law under Commission spotlight

Trusts are in the Law Commission’s sights as it looks to modernise trust law in New Zealand. Commission president Grant Hammon said that because trusts were an important way of managing personal and family property, it was vital that New Zealand had robust tax laws.

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Wednesday, Nov 14, 2012

Labour calls for capital gains tax

New Zealand needs a capital gains tax to redirect investment into productive businesses, Labour says.

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Monday, Nov 12, 2012

Hamilton market heating up: Agency

Hamilton's housing market is picking up pace, according to the city's biggest real estate agency.

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Monday, Nov 12, 2012

High LVR loans come with warning

Banks again are offering 95 per cent loans to property investors, but they come with a caution. ANZ, ASB and Westpac say they will give loans for investment properties to people with small deposits.

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