Otago Property Investors Association Inc

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otago@nzpif.org.nz

News & Updates

Recent updates

Otago News

Proposals for methamphetamine regulations which will apply to residential tenancies

A discussion document is on the Ministry website and submissions are welcome up to 20 February 2023
24-11-2022 more >>

OCR increased to 4.25 percent

The Committee agreed that the OCR needs to reach a higher level, and sooner than previously indicated, to ensure inflation returns to within its target range over the medium term.
23-11-2022 more >>

The island with a crisis

There has been recent publicity* around the shortage of residential rentals on Waiheke Island. There, the lack of reasonably-priced rentals is seriously affecting those people who earn quite modest incomes as they work in the Island's service industries.
21-11-2022 more >>

NZPIF members support greater stability for tenants

It is good to see that the Chief Human Rights Commissioner, Paul Hunt, is acknowledging that people who rent their homes are now moving between tenancies less often than in past years.
09-11-2022 more >>

Best wishes to all rental property owners from Andrew King

By the time you are reading this, my wife, Sarah, and I will be starting a seven-month motorbike journey from San Francisco to Santiago in Chile. This is part one of a plan to motorbike around the Americas. Naturally this means my 26-year involvement (nearly half my life!) with the rental property industry is coming to an end. It has certainly been a journey and I'd like to thank Sarah and the kids for putting up with a lot.
01-11-2022 more >>

Registration of Property Managers

Recently there have been calls for the compulsory registration of Residential Property Managers. These property managers act as middle-men between the property owner and the tenant, collecting the rent and handling any issues that may come up during the tenancy relating to the tenant's behaviour and with the property itself.
20-10-2022 more >>

OCR increased from 3 percent to 3.5 percent

The Monetary Policy Committee today increased the Official Cash Rate to 3.5 percent
05-10-2022 more >>

Social housing in the Wairarapa

Tim Horsbrugh outlines the solution needed to make sure the list of those does not increase further
05-10-2022 more >>

Housing: blame the Government

Tim Horsbrugh, President of Wairarapa PIA, has this article published in the Wairarapa Times
17-09-2022 more >>

Comparing the cost of different types of rentals

There are people and organisations that would prefer rental properties to be provided by social landlords like the state or Community Housing Providers (CHiP's). They make the argument that social housing providers charge lower rental prices and offer better security for tenants and the Government appears to agree. But is it true?
17-09-2022 more >>

Reversal of the rental tax would be great as well

There are similarities between the tax increase on superannuation fees, now reversed, and tax increases on rental property.
01-09-2022 more >>

OCR increased to 3 percent from 2.5 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employmen
17-08-2022 more >>

Rent is not the biggest contributor to inflation

Chief Human Rights Commissioner Paul Hunt has called for an immediate freeze on rent increases to give renters some reprieve during the cost-of-living crisis.
16-08-2022 more >>

Selective reversal of mortgage interest deductibility does not benefit the majority of tenants

The vast majority of tenants cannot afford brand-new, high-end rental accommodation. They want well maintained, warm, dry but ultimately good value rental accommodation
12-08-2022 more >>

NZPIF supports many changes for a better rental environment

The NZ Property Investors Federation (NZPIF) is happy to support changes that make for a better rental environment. However, Tenants Action Wellington has today made outrageous demands for changes to rental laws.
28-07-2022 more >>

Housing and tax

Paul Conway, RBNZ Economist, has stated that the Tax Working Group in 2018 showed that the tax system had historically favoured housing as an investment asset. Peter Lewis, Vice President of NZPIF challenges this statement
24-07-2022 more >>

Official cash rate increased to 2.50% today

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.50 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment.
13-07-2022 more >>

Official cash rate increased to 2.0 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment.
25-05-2022 more >>

Changes to Healthy Homes standards come into force 12 May

Check these changes to see if you need to do extra work on your rental.
12-05-2022 more >>

NZPIF launches plan to fix rental crisis

The New Zealand Property Investors Federation (NZPIF) has researched the reasons for the rental crisis and developed a five-point plan to fix it.
02-05-2022 more >>

Tenancy Services and REINZ host a Privacy Week Webinar 12 May

You are invited to participate in this webinar - Navigating privacy changes in property management.
19-04-2022 more >>

Official cash rate increased to 1.50 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment.
13-04-2022 more >>

OCR increased to 1%

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent.
23-02-2022 more >>

Fixing the Rental Crisis

See the full report on our plan to fix the rental crisis here and a summary here. New Zealand has a rental property crisis. There are not enough rental properties, which has seen the Social Housing Register explode to over 25,000 and $1m of Government funds a day spent on motels to house tenants with emergency housing needs. First Homeowners have been prioritised over tenants and rental providers have been discouraged from providing rental accommodation. The system has been broken and needs to be improved to increase the supply of rental properties, lower the cost and price of rental properties and provide more stable rentals properties.
14-02-2022 more >>


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