Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, May 31, 2013

Bottom of interest cycle reached: ANZ

New Zealand’s property market gained further momentum last month on the bank of low interest rates, ANZ says. Its latest Property Focus report shows increasing numbers of factors pushing prices up, including migration and the availability of mortgage funding.

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Thursday, May 30, 2013

Building consent numbers hit five-year high

The number of building consents issued in April rose across most parts of the country last month, compared to the year before, Statistics New Zealand said.

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Wednesday, May 29, 2013

House prices worry NZIER

New Zealand's economy is likely to grow by 2.5% over the next few years but high house prices are a risk, the New Zealand Institute of Economic Research says.

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Tuesday, May 28, 2013

REINZ rejects call to eliminate CVs

Property commentator Alistair Helm has called for an end to CVs on residential property.

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Monday, May 27, 2013

Leverage, not tax, advantage: APIA

It is banks’ perceptions of the stability of the New Zealand housing market that advantages residential property investors, not any preferential tax treatment, the Auckland Property Investors Association says.

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Wednesday, May 22, 2013

Auckland lacking homeowners: Survey

Auckland has the lowest rate of outright home ownership in the country, Roy Morgan statistics reveal.

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Tuesday, May 21, 2013

Get systems right, property investors reminded

Property investors are in the Inland Revenue Department’s sights – it has been given an extra $6.65 million to make sure they are paying their bills.

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Monday, May 20, 2013

Kiwis backing rental property

Rental property is still New Zealanders’ top pick for investment returns, the latest ASB survey of investor confidence shows.

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Thursday, May 16, 2013

Budget eyes property market

Warrants of fitness for rental properties will be trialled in New Zealand homes, the Government has announced.

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Wednesday, May 15, 2013

Kiwi houses too expensive: IMF

New Zealand houses are overvalued by as much as 25%, the International Monetary Fund has said in its annual economic assessment of the country.

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Monday, May 13, 2013

Sales numbers up but prices ease: REINZ

More houses were sold last month than in any April for six years, the Real Estate Institute says.

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Monday, May 13, 2013

Buyers giving up: Survey

Buyers are despairing of ever being able to find a property, according to the latest BNZ/REINZ survey of real estate agents.

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Friday, May 10, 2013

Accord fast-tracks developments

Developers will be able to push through subdivisions in less than a quarter of the time under a housing accord signed between the Housing Minister and Auckland’s mayor.

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Thursday, May 09, 2013

QV reports price momentum spreading

New Zealand’s house price increases are now being driven by all the main centres, not just Auckland and Canterbury, QV says.

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Thursday, May 09, 2013

Stats hide large variations: QV

QV’s latest data reveals some of the huge disparity in the property market in New Zealand at the moment.

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Thursday, May 09, 2013

To be advised

To be advised

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Wednesday, May 08, 2013

Kiwis expect prices to carry on rising: ASB

Almost two-thirds of people expect house prices to continue to rise over the next year, according to the latest ASB Housing Confidence Survey.

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Tuesday, May 07, 2013

Reserve Bank policies get blame for lagging rents

Reserve Bank policies may have increased the gap between average rents and average house prices over recent years, an analyst says.

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Monday, May 06, 2013

Insurance changes: Don't guesstimate

Property investors will soon have to put a dollar value on the cost of replacing their entire portfolios.

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Monday, May 06, 2013

Council eyes Plan profits

Auckland Council wants to be able to take a slice of any increase in value of properties that have their zoning changing from low density to high density housing, or rural properties that are rezoned urban.

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Friday, May 03, 2013

Upward price momentum stalls: Barfoot and Thompson

Auckland’s average house price dipped slightly in April, Barfoot and Thompson reports.

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Wednesday, May 01, 2013

ANZ: Is market sustainable?

Momentum in the housing market may not be sustainable, ANZ says in its latest Property Focus report.

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Wednesday, May 01, 2013

Asking prices climb

Sellers’ house price expectations have shown no sign of slowing in the latest report from Realestate.co.nz

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Wednesday, May 01, 2013

Tenancy Tribunal Issues

A few weeks ago I had a meeting in Central Auckland and parked in a commercially owned Pay-And-Display carpark. The meeting was expected to last half an hour so as you could only buy time in Half Hour lots of $5, I paid for one hour to account for time to get to the appointment.

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