Otago Property Investors Association Inc

03 477 6220

otago@nzpif.org.nz

News & Updates

Recent updates

Otago News

Promised heating grants for tenants cancelled

The Government announced today that grants of up to $2,500 for energy efficient heaters are now available as part of the Government's Warmer Kiwi Homes programme. "We have discovered that these grants are available to people in lower-income areas or Community Services Card holders, but only if you are a home owner," says Andrew King, Executive Officer of NZ Property Investors Federation (NZPIF).
19-07-2019 more >>

Less intrusion for tenants

The NZ Property Investors' Federation (NZPIF) is very pleased that their specialist rental property insurance supplier, Initio, has just increased for our members the required period between property inspections from three months to four.
10-07-2019 more >>

Period between property inspections increased from 3 -4 monthly by Initio - an exclusive member-only benefit

The New Zealand Property Investors Federation is pleased to announce that our insurance partner, Initio, has added an exclusive member-only benefit that increases the required property inspection period from 3 monthly to 4 monthly.
08-07-2019 more >>

Noel Leeming deal for NZPIF members to keep you safe and smart

From 9 -22 July you can purchase all smart home, smart security and smart light products for cost +5%
07-07-2019 more >>

Landlords committed to ensuring homes are warm this winter

The organization that represents New Zealand landlords has welcomed survey results showing that more than 96% of its members' rental properties have met the insulation deadline for rental properties.
30-06-2019 more >>

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

The Reserve Bank Governor said that given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives.
26-06-2019 more >>

New research confirms higher number of insulation compliant rentals

Officials believe a third of all rental homes won't be insulated in time for the deadline next week. However preliminary results from a NZ Property Investors Federation (NZPIF) survey show that the real number of properties which are unlikely to meet the deadline is likely to be a lot lower.
25-06-2019 more >>

A complete plants package - without a hefty price tag

Landscaping supplies can cost you an arm, and a leg as well as your patience. Adding up the price of plants, the time deciding which plants are right for the environment, not to mention the to-ing and fro-ing, loading and off-loading – well, it can leave more than your budget broken. So, we were pleasantly surprised when we discovered there's something like flat pack furniture, but for the outdoors. In short, it's a complete (and affordable) plants package that provides you with what you need to create an entire garden, including plants, shrubbery, flowers and trees.
20-06-2019 more >>

The facts about the Accommodation Supplement

The Child Poverty Action Group (CPAG) has called for Government to remove the Accommodation Supplement (AS) and significantly raise the incomes of all benefit recipients and low-wage workers. "CPAG claims that the AS keeps rental prices high however their own report disproves this” said Andrew King, Executive Officer of the NZ Property Investors' Federation (NZPIF).
11-06-2019 more >>

Proposed CGT impacted on housing views in three months to April

The latest ASB Housing Confidence report shows there was an impact on housing views from the proposed capital gains tax,
27-05-2019 more >>

Healthy Homes standards signed off

The final healthy homes standards were announced on 13 May and are now available on the New Zealand Legislation website. The standards set minimum requirements for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties and will be law from 1 July 2019.
13-05-2019 more >>

OCR reduced to 1.5%

The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment and inflation consistent with its policy remit.
08-05-2019 more >>

News from CoreLogic

CoreLogic has the tools to assist property investors with their research
24-04-2019 more >>

NZPIF applauds the Government decision not to introduce capital gains tax

"The NZ Property Investors' Federation (NZPIF) applauds the decision not to introduce a capital gains tax" said Andrew King, Executive Officer of the NZPIF. "This tax would have no effect on the housing market except to make rentals more expensive. This would be unfair on tenants".
17-04-2019 more >>

Tax Working Group report

The Tax Working Group has released their report and as expected it is a comprehensive (except for the family home) Capital Gains Tax.
01-04-2019 more >>

Rentals are not undertaxed

In the Friday, 29 March Herald, Dominick Stephens said "property is more lightly taxed than other forms of investment". He quoted a Treasury and Inland Revenue report to back up his claim. That report was also used by the Tax Working Group. However economist Bevan Wallace found serious errors in the report and showed that the conclusion that rental property is undertaxed was wrong.
01-04-2019 more >>

OCR remains at 1.75%

The Official Cash Rate (OCR) remains at 1.75 percent. Given the weaker global economic outlook and reduced momentum in domestic spending, the more likely direction of our next OCR move is down.
27-03-2019 more >>

Tenant advocate news

Unfortunately I am having to write this just before the Tax Working Group recommendations are released, which is a shame. Fortunately (or perhaps unfortunately) there are many topics affecting our industry which I can write about.
09-03-2019 more >>

Costs increasing faster than rental prices

The latest Consumer Institute cost of living survey shows that general costs in providing rental property have increased faster than rental prices. In addition, wage increases were 66% higher than rental price increases.
04-03-2019 more >>

Capital gains tax reviewed by Tony Alexander, BNZ

In his weekly review on February 28, Tony Alexander summarised the possible effects of the proposed capital gains tax
01-03-2019 more >>

Prospects for build to rent in NZ

A new report has been released by CBRE
01-03-2019 more >>

Warm, dry rentals are good

Today the Minister of Housing announced that rentals which will require a minimum standard for heating, insulation, ventilation, moisture and drainage by 2024.
24-02-2019 more >>

Cautious cheer for buyers in ASB Housing Confidence Survey

House price expectations slipped again, according to the latest ASB Housing Confidence Survey – though the decline was less dramatic than in the October quarter.
15-02-2019 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

Reserve Bank Governor says we expect to keep the OCR at this level through 2019 and 2020. He adds that the direction of our next OCR move could be up or down.
14-02-2019 more >>

Massey University September Home Affordability report

This report has just been published this month.
13-02-2019 more >>


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