Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, Mar 29, 2013

Waterfront investment opportunity “once-in-a-lifetime”

Up to $700 million is being sought from investors interested in developing residential property on the Auckland waterfront.

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Thursday, Mar 28, 2013

Housing crisis will get worse: Alexander

There’s no let-up in sight for housing affordability and availability, particularly in Auckland, says BNZ chief economist Tony Alexander.

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Thursday, Mar 28, 2013

Signs point up for prices: ANZ

Annual house price inflation has reached the highest level seen since late 2007, ANZ says in its latest Property Focus report.

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Thursday, Mar 28, 2013

House building down

Retirement village construction plans was behind an increase in building consents of 1.9% in February.

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Wednesday, Mar 27, 2013

Waikato lifestyle beckons for city folk

Aucklanders are looking south of the city for cheaper properties and a more relaxed lifestyle, the Real Estate Institute says.

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Wednesday, Mar 27, 2013

No sign of improvement in Canterbury shortage

There is no let-up in sight for Canterbury’s housing shortage, according to ASB’s latest Cantometer report.

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Tuesday, Mar 26, 2013

Crockers reports price, turnover increase

Some of the strongest year-on-year sales price growth in Auckland last month was seen in the west, according to Crockers’ latest research.

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Monday, Mar 25, 2013

Rental warrants examined by minister

National’s new housing minister is looking into the possibility of a “warrant of fitness” for rental properties.

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Monday, Mar 25, 2013

'Plan action needed now'

Aucklanders can’t afford to wait three years for the city’s unitary plan to be ratified, the Employers and Manufacturers Association says.

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Friday, Mar 22, 2013

Migration turnaround likely to boost prices

New Zealand gained more new residents than it lost last month, new data shows - and it's likely to provide more fuel for the housing market.

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Thursday, Mar 21, 2013

Newland: Consider shared equity scheme

New Zealand should think about following Britain’s lead and introducing shared equity loans for new homes, commentator Olly Newland says.

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Wednesday, Mar 20, 2013

Plan offers investors opportunities: NZPIF

Landlords holding on to properties with big sections may be able to get their money’s worth out of them under proposed changes in the draft Auckland plan, says the New Zealand Property Investors Federation.

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Tuesday, Mar 19, 2013

Under-building not a nationwide problem

Housing construction would need to double in Auckland over the next few years to keep up with demand but the construction industry is already keeping pace with growth in most parts of the country, Westpac’s economists say.

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Tuesday, Mar 19, 2013

IMF issues bubble warning

The International Monetary Fund has sounded a warning on the possibility of a housing bubble destabilising the Kiwi economy.

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Friday, Mar 15, 2013

Lower rates may be looming

Lower mortgage rates could be on the horizon after yesterday’s official cash rate announcement and monetary policy statement, one economist says.

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Thursday, Mar 14, 2013

OCR on hold: RBNZ

The Reserve Bank has left the official cash rate unchanged at 2.5% and expects it to stay that way at least until the end of the year.

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Thursday, Mar 14, 2013

OLLY NEWLAND: Capital gains tax is not the answer

No matter how often the argument against a Capital Gains Tax is put forward, the subject is still popular among those who, it seems, fail to realise that implementing such a tax will solve nothing. The suggestion comes up again and again, and it has almost become an article of faith for ‘the left’ some of whom seem to imbue a Capital Gains Tax (CGT) with mythic powers to right all social wrongs.

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Thursday, Mar 14, 2013

Foreign fears over-hyped: Alexander

At most, 5.6% of New Zealand house sales go to foreign buyers who do not plan to live in this country, BNZ chief economist Tony Alexander says.

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Wednesday, Mar 13, 2013

Tools no substitute for OCR: Economists

Macroprudential tools won’t be a substitute for official cash rate (OCR) increases, according to economists.

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Tuesday, Mar 12, 2013

Sales numbers up but pace slowing: REINZ

More houses sold in February than in any February month for six years, the latest Real Estate Institute Statistics reveal.

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Monday, Mar 11, 2013

REINZ sells headquarters

The Real Estate Institute is listening to its own advice and has put its headquarters on the market.

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Friday, Mar 08, 2013

Price momentum spreading: QV

Most of New Zealand’s main centres reported a house price rise in February, according to QV.

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Thursday, Mar 07, 2013

Clamp down on foreign buyers: Alexander

Foreign buyers should be restricted from buying existing houses in New Zealand, says BNZ chief economist Tony Alexander.

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Wednesday, Mar 06, 2013

Building activity picking up

New Zealand’s housing supply problem appears to be improving, albeit slowly. Nationwide building work rose 1.8% by volume in the December quarter, on top of an almost 10% jump the quarter before.

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Tuesday, Mar 05, 2013

Auckland vendors head to market: Barfoot

Auckland house prices did not shoot up in February because there were many more new listings on the market compared to the month before, Barfoot and Thompson says.

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