Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Monday, Jul 27, 2015

Expecting house price rises and interest rate falls

The ASB Housing Confidence Survey, three months to July, was released today.

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Monday, Jul 27, 2015

Expecting house price rises and interest rate falls

The ASB Housing Confidence Survey, three months to July, was released today.

read full story >

Thursday, Jul 23, 2015

Official cash rate reduced to 3.0 percent today

Statement by Reserve Bank Governor Graeme Wheeler:

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Monday, Jul 20, 2015

Stiffer penalties for landlords

The Government is seeking to introduce policies intended to encourage our industry to smarten up its act. The two key proposals are increasing the consequences of retaliatory action and giving Ministry of Business Innovation and Employment greater powers to prosecute landlords who provide substandard rental property. Another concerns changes to breaching a work order.

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Friday, Jul 17, 2015

Good news on tenancy abandonment

In a surprise move, Government is seeking to amend the RTA to improve processes for resolving tenancy abandonment cases. These are cases where the rent is in arrears and the tenant has vacated the property without giving notice.

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Friday, Jul 17, 2015

New requirements for smoke alarms

As part of their rental property minimum standards, Government intends to make smoke alarms compulsory in rental properties. Here is further information on the proposed new laws.

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Thursday, Jul 16, 2015

The story of the century - dramatic changes in housing and population

The size of New Zealand’s households has halved – but it’s taken over a century to do it, according to new analysis from Statistics New Zealand.

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Thursday, Jul 16, 2015

Warrant of fitness rejected

The New Zealand Property Investors’ Federation (NZPIF) is very pleased that Government has rejected the campaign to introduce a Warrant of Fitness (WOF) for all rental properties.

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Wednesday, Jul 15, 2015

Minimum standards for rental properties

The Government has now introduced the expected Minimum Standards for Rental Properties legislative proposal.

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Wednesday, Jul 15, 2015

NZPIF in the news in June and July

The subjects of NZPIF media comments over this period have included the proposed capital gains tax for properties sold within two years, and requirements for insulation and smoke alarms in rented properties.

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Wednesday, Jul 15, 2015

PIMMS2 unveiled

Here is a chance to learn everything you wanted to know about the NZPIF membership and website management system and more besides. Three hands on training workshops have been organised

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Thursday, Jul 09, 2015

Investors see benefit in rental improvements

The NZ Property Investors Federation (NZPIF) believes that the announcements on tenancy conditions are reasonably balanced, ensuring better standards for tenants without causing a reduction in rental property supply or excessive rental price increases.

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Thursday, Jul 09, 2015

Tenancy law changes to include insulation and smoke alarm requirements

The Residential Tenancies Act is to be strengthened with new requirements for insulation, smoke alarms, better enforcement and faster resolution of abandoned tenancies, Building and Housing Minister Dr Nick Smith announced today

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Sunday, Jul 05, 2015

How many cold and damp houses do we really have?

The total rental housing stock in New Zealand numbers around 440,000, including approx. 60,000 owned by Housing Corporation of New Zealand. Judging from the recent ‘noise’ in the media about cold and damp houses an uninformed bystander could be forgiven for thinking every rental property in the country is in dire need of a ‘warm and healthy’ makeover.

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Sunday, Jul 05, 2015

Landlord of the Year 2015

NZ Property Investors’ Federation and Ministry of Business, Innovation and Employment Landlord of the Year 2015 - Entry Form

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Thursday, Jul 02, 2015

Auckland continues to drive deterioration of home affordability

Massey University's Home Affordability Report - Quarterly survey June 2015, Volume 25, number 2

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Wednesday, Jul 01, 2015

Calls for removing mortgage tax deductibility

Rental property owners have continued to be the focus of all attempts to reduce house prices in Auckland. Some commentators have said we need to make it even harder for investors in order to stop house price rises and give first home buyers a chance.

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Tuesday, Jun 30, 2015

Home owners can pay property tax as well

An issues paper on the Bright-line test for sales of residential property, released yesterday confirms that some homeowners will have a Bright Line test applied against them.

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Monday, Jun 22, 2015

Insurance advice after severe flooding and weathr damage

As the clean-up begins after severe flooding and weather damage, the advice from the Insurance & Savings Ombudsman, Karen Stevens, is to contact your insurance company and take photos of the damage before you start your clean up.

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Friday, Jun 19, 2015

Minimum standards for rentals are coming

How will agreement be reached as to what these standards should be?

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Friday, Jun 19, 2015

Calls for removing mortgage tax deductibility

Rental property owners have continued to be the focus of all attempts to reduce house prices in Auckland. Some commentators have said we need to make it even harder for investors in order to stop house price rises and give first home buyers a chance. Rental property owners have continued to be the focus of all attempts to reduce house prices in Auckland. Some commentators have said we need to make it even harder for investors in order to stop house price rises and give first home buyers a chance. Tax deductibility of expenses is the latest issue that has been raised.

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Thursday, Jun 18, 2015

Political report for May/ June 2015

The following is a summary of the political or regulatory news or comment affecting the residential property market

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Wednesday, Jun 17, 2015

Have you seen the new Tenancy Services website?

The Ministry of Business, Innovation and Employment launched its Tenancy Services website on 22 April 2015. It is user friendly, helping tenants and landlords find out information they need related to tenancy services. This website replaces the tenancy and unit title information previously held on the www.dbh.govt.nz website. For more information go to www.tenancy.govt.nz.

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Monday, Jun 15, 2015

NZPIF in the news in May and June

Capital gains tax, a warrant of fitness for rental housing, the advantages of renting – these were some of the issues which were debated in the media over the last month

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Saturday, Jun 13, 2015

Property tax aimed at speculators

Our industry has been hit with a double punch over the last week. The Reserve Banks increasing LVR limits for Auckland rental property owners to 30% (don't laugh too hard in the provinces, you may be next) and the Government bringing in an effective Capital Gains Tax called a Bright Line Test.

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