Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Otago News

Indirect payment of letting fees may be the unintended outcome

Property managers are to be banned from charging tenants a letting fee from 12 December this year.
15-11-2018 more >>

Can you trust CVs (Capital Values)

The relevance of CVs (Capital Values) has been questioned recently. It's not the first time and I'm sure it won't be the last, but the one thing I think we have to come back to is that CVs are a great anchor point for market value
15-11-2018 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

We expect to keep the OCR at this level through 2019 and into 2020 says Reserve Bank Governor
08-11-2018 more >>

Property values spring into life in Wellington

According to the October CoreLogic QV House Price Index, property values in Wellington City grew by 3.9% over the last three months.
07-11-2018 more >>

Domestic war zones will increase under proposed tenancy law changes

A Motueka street has returned to normality after three years of turmoil caused by the actions of Housing NZ tenants in one rental property.
06-11-2018 more >>

NZPIF has always considered needs of tenants but tenant advocates have a different perspective

From speaking to some tenant advocates it is clear that we come to the discussion from two very different viewpoints. It appears to me that some of the more vocal tenant advocates are extreme and one sided in their thoughts with an unrealistic expectation for the outcomes of their proposals.
01-11-2018 more >>

Housing costs rise more than household income

The average annual household income has risen 41 percent since 2008, up more than twice the rate of inflation, Stats NZ said today. Over the same period, average annual housing costs increased 43 percent.
30-10-2018 more >>

Housing costs rise more than household income

The average annual household income has risen 41 percent since 2008, up more than twice the rate of inflation, Stats NZ said today. Over the same period, average annual housing costs increased 43 percent.
30-10-2018 more >>

Tenants and landlords understanding each other

"I am heartened by recent evidence that the Government wants to help landlords and tenants understand each other's point of view" said Andrew King, Executive Officer of the NZ Property Investors' Federation.
19-10-2018 more >>

NZPIF template for RTA submission

There are an enormous number of proposed changes to the RTA, all aimed at improving conditions for tenants. Submissions close on Sunday 21 October. More tenants have replied to these one sided reviews than landlords, so it is critical for every landlord to take the time and have their say to provide balance. Attached here is a template to help you make a submission. You can also complete a Government survey on the RTA Review t https://www.research.net/r/rta-reform-survey
07-10-2018 more >>

A summary of the NZPIF position on sections of the RTA Review Oct 2018

This provides information on the Residential Tenancies Act Review and NZPIF views on it,. We encourage you to put in a submission as many tenants have already had their say on these extremely one sided proposals.
07-10-2018 more >>

Two critically important reviews on the rental industry are underway

Two critically important reviews on the rental industry are underway simultaneously at present. The RTA Review and the review of standards for the Healthy Homes Guarantee Bill.
01-10-2018 more >>

The Official Cash Rate (OCR) remains at 1.75 percent.

Statement by Reserve Bank Governor Adrian Orr: We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down.
27-09-2018 more >>

Rental system is not broken

"Landlords are very aware that housing in New Zealand is expensive and the CoreLogic data shows that they are doing their best to keep rental price increases as low as possible. This is completely opposite to the commonly held view that rental property providers are profiting at the expense of tenants”, says Andrew King, Executive Officer of NZ Property Investors' Federation (NZPIF)
20-09-2018 more >>

NZPIF report on Residential Tenancies Act Review

The Ministry of Building Innovation and Employment (MBIE) have issued a review of the Residential Tenancies Act (RTA). It is a large review and extremely important for our industry. The NZPIF has summarised the review for members and provided a short assesment on each aspect of the review. Tenant advocates are encouraging tenants to support the review and are arranging on and off-line seminars to help tenants do this. It is imperative that as many landlords as possible also express their view as some of the proposals will be extremely damaging to our industry, including being damaging to tenants.
20-09-2018 more >>

NZPIF Report on proposed standards for the Healthy Homes Guarantee Act

The Ministry of Business Innovation and Employment (MBIE) have been tasked by Government to establish standards for the Healthy Homes Guarantee Act. MBIE have produced a report into possible standards and are seeking public submissions on these proposals. The NZPIF have produced a report summarising the proposals and conveying the NZPIF position on them. You can read this report here.
20-09-2018 more >>

Rents haven't been outpacing property costs or peoples wages

CoreLogic research analyst Kelvin Davidson writes: Residential property investors are clearly under the pump from the government at the moment, facing increased costs and regulatory pressures, including higher quality standards (e.g. insulation), increased tenant rights, and pending removal of negative gearing.
19-09-2018 more >>

Rental property WOF

The Green Party has today relaunched a campaign to introduce a rental property Warrant of Fitness.
08-09-2018 more >>

Proposed standards need to be cost effective

Government has released proposed standards for their Healthy Homes Guarantee Bill. This covers improved standards to rental properties that are additional to the rental property Minimum Standards Act that was passed in 2016.
04-09-2018 more >>

Capital gains tax may be in doubt

By the time you read this article, the Tax Working Group should have released its interim report, with a Capital Gains Tax (CGT) expected to be the centre piece.
01-09-2018 more >>

Government proposes to reform the RTA

Landlords, renters and other interested people are invited to have their say. Submissions are welcome before October 21.
27-08-2018 more >>

A landlord's wish list

"Government has outlined changes they want to undertake to help tenants, but the NZ Property Investors' Federation (NZPIF) would also like to see changes to help those providing rental properties,” says Andrew King, Executive Officer of the NZPIF.
27-08-2018 more >>

Peter Lewis looks at the rental market in Sweden

During a recent visit to Sweden, Peter Lewis, Vice President of APIA, investigated the rental market in Sweden.
24-08-2018 more >>

The NZPIF submission on letting fees

Andrew King made this submission to the Select Committee
20-08-2018 more >>

Latest ASB Housing Confidence Survey

House price expectations continue to recover and respondents' interest rate expectations are largely unchaged.
16-08-2018 more >>


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