Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Friday, Jan 31, 2014

RBNZ governor confirms rate rise

Reserve Bank Governor Graeme Wheeler has confirmed he expects to raise the benchmark interest rate to about 4.5 percent in the next two years to curb inflation.

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Friday, Jan 31, 2014

Pressure on both sides: ANZ

There’s a mixed outlook for the property market, if ANZ’s latest Property Focus is anything to go by. The bank’s economists have issued their monthly Property Focus, reporting pressure from both directions on house prices.

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Thursday, Jan 30, 2014

Tribunal applications fast-tracked

A new system designed to cut the time it takes to resolve tenancy disputes will only be available to big property management firms and Housing New Zealand at first. Housing Minister Nick Smith has revealed details of the new “Fasttrack” process for the Tenancy Tribunal.

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Thursday, Jan 30, 2014

OCR unchanged at 2.5 percent

Statement issued by Reserve Bank Governor Graeme Wheeler

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Wednesday, Jan 29, 2014

More properties under management: Report

New Zealand landlords are becoming more likely to leave their property management in the hands of the professionals, one industry participant says. David Faulkner, of Property Brokers, said a comparison of listing websites TradeMe and Realestate.co.nz showed that up to half of all rental properties were now being looked after by a manager, rather than a DIY owner.

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Tuesday, Jan 28, 2014

OCR move unlikely this week: Survey

Economists aren’t expecting an increase in the official cash rate this week but it’s not can impossibility, a new survey has shown. The latest CPI data, which showed much stronger inflation than expected, had prompted some to question whether the Reserve Bank might move sooner rather than later on the rate.

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Monday, Jan 27, 2014

Tenant trouble pushes landlords to sell

Many landlords are choosing to sell their properties because of bad experiences with tenants, says the president of the New Zealand Property Investors Federation.

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Friday, Jan 24, 2014

Record price for lifestyle blocks

Loan-to-value restrictions have the potential to affect the lifestyle property market but there is no sign of them doing so yet, the Real Estate Institute’s rural spokesman says.

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Thursday, Jan 23, 2014

Too soon to draw conclusions: Alexander

There is no way of knowing how long loan-to-value restrictions might affect the housing market throughout this year, BNZ chief economist Tony Alexander says. He said house prices would continue to rise as the imbalance between demand and supply at current prices showed no sign of letting up.

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Thursday, Jan 23, 2014

Owner-occupiers snapping up apartments

There has been a clear move towards owner-occupied apartments in Auckland, says Martin Dunn, of City Sales. The apartment-specialist real estate agency has been operating for 16 years. Dunn said its apartment sales had traditionally been split at 30% to owner-occupiers and 70% to investors. But in October, November, December, that had changed to 37%, 48% and 44% owner-occupiers, respectively.

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Wednesday, Jan 22, 2014

Buyers working around rules: Harcourts

Banks are willing to turn a blind eye to borrowers who use personal loans from other lenders to pull together their deposits, says Harcourts chief executive Hayden Duncan.

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Tuesday, Jan 21, 2014

Housing affordability not so bad

Demographia's latest survey of housing affordability paints a depressing picture for New Zealand. But is it as bad as Deographia make it out to be?

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Tuesday, Jan 21, 2014

How to deal with rogue tenants

Andrew King was interviewed on RadioLive Monday 20th January regarding a house in Auckland which had been trashed by tenants

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Tuesday, Jan 21, 2014

Affordability report questioned

Criteria used to describe New Zealand’s housing as unaffordable are too simplistic and do not take into account the cost of borrowing, the New Zealand Property Investors Federation says. The Demographia survey compares housing costs in nine countries.

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Monday, Jan 20, 2014

Turnover dropped in December: REINZ

Sales numbers are falling, especially in the cheaper price brackets, the latest data from the Real Estate Institute shows. In December, there were 5688 residential sales, down 1.1% on the same time in 2012 and a drop of 18.3% compared to November.

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Friday, Jan 17, 2014

Aucklanders spend most on housing

Aucklanders spend significantly more of their incomes on housing than people in any other part of the country, Crockers research shows.

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Thursday, Jan 16, 2014

POLITICAL & REGULATORY REPORT for December 2013

Over the month, there have been some noteworthy policy and regulatory developments potentially affecting New Zealand’s housing/rental property landscape. In this report, we outline these recent developments and flag other changes or developments that can be expected over the coming months.

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Wednesday, Jan 15, 2014

Time to rethink goals as the new year starts

It is the start of a new year and you may well be on your break from work commitments as you read this. With a bit more time on your hands and hopefully in a rested and less stressed environment, this is a wonderful opportunity to think about the higher aspects of your investments. Just why are you investing in property and are you on track to meet your goals?

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Wednesday, Jan 15, 2014

Wellington landlords 'in box seat'

Wellington is probably the best place in New Zealand to be a landlord at present, Trade Me says. It has released its analysis of the final quarter of last year. Christchurch again reported strong growth in listings and Auckland’s were stable but Wellington showed a sharp decline.

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Tuesday, Jan 14, 2014

Prices up but turnover slowing:QV

The first sign of the impact of loan-to-value restrictions has been a drop in the number of listings, Quotable Value says.

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Monday, Jan 13, 2014

Northland baches' summer windfall

Northland baches were the most popular rentals over the Christmas and New Year period, figures from Bookabach show.

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Friday, Jan 10, 2014

Brake comes off high-LVR lending

Things are looking up for borrowers with small deposits, as mainstream banks indicate they are getting back into the market.

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Thursday, Jan 09, 2014

Listings down, asking price eases

The number of properties being listed for sale dropped dramatically in December, the latest report from realestate.co.nz shows.

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Wednesday, Jan 08, 2014

Fewer entry-level sales reported

Houses in the cheapest price brackets were not sold as frequently as more expensive homes in December, continuing a trend spotted in November.

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Tuesday, Jan 07, 2014

Call to split interest rates

A two-tier interest rate system, with higher rates for investors, would be a better option than loan-to-value restrictions, one commentator says.

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