Otago Property Investors Association Inc
Phone: 03 477 6220
The Reserve Bank today released the March 2014 edition of the Reserve Bank Bulletin.
Kiwi landlords are not to blame for a decrease in Kiwi home-ownership.
The Westpac Investment Report released today highlights in which cities gains are being made
The NZ Property Investors Federation (NZPIF) supports the focus on heating and Insulation in Phil Twyford’s Healthy Homes Guarantee Bill.
More New Zealanders are using electricity to heat their homes and fewer are using gas, wood, or coal, according to census results released by Statistics New Zealand today.
The national federation representing Kiwi landlords is warning against progressing with the flawed rental WOF scheme, claiming its trialed roll-out is raising serious concerns for both tenants and landlords.
There are currently two WOF systems being developed. One is a voluntary scheme currently being trialled by five Local Authorities around the country, the other is being developed for Housing NZ properties.
Statement by the Governor of the Reserve Bank today
The REINZ information shows that property investors as well as first home buyers have left the market.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,125 dwelling sales in the month of February, down 7.6% on February last year, but up 29.8% compared to January
Provisional data from New Zealand’s largest real estate group Harcourts for the month of February shows there is continued pressure on the housing market in Auckland and Northland. The group said its average sales price had reached $644,613 – up 13% on the same time last year.
The Bank of New Zealand’s Nine Rewards Consumer Trends Survey indicates that interest in buying residential rental property has almost doubled since the LVRs were introduced
More people are interested in buying investment properties since the loan-to-value rules kicked in, the latest BNZ Consumer Confidence survey shows. It found a net 45% of the respondents are confident that the economy will improve over the next year.
Sellers were asking more for their properties than ever before in February, according to real estate listing website Realestate.co.nz. The site reported a national, seasonally-adjusted mean asking price of $483,099.
Low rents are discouraging people from buying their own homes, according to the New Zealand Property Investors Federation (NZPIF). NZPIF executive officer Andrew King said the cost of owning an average home was about $138 a week more than the cost of renting a similar property.
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