Otago Property Investors Association Inc

Phone: 03 477 6220

Email: otago@nzpif.org.nz

News & Updates

Recent updates

Otago News

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 >>

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 >>

OCR remains at 1.75%

Statement by Adrian Orr the Reserve Bank Governor
09-08-2018 more >>

Rent arrears are a big issue for the rental property industry.

Andrew King says rent arrears are by far the largest reason for application to the Tenancy Tribunal.
08-08-2018 more >>

Wellington bounces back

According to the CoreLogic July QV House Price Index, property values in Wellington City grew by 2.3%, reversing the previous losses experienced since March 2018.
07-08-2018 more >>

The latest Massey University Residential Market report finds that the rental market has tightened

The Massey University Residential Market Report, which tracks mean rents and rental bond numbers, shows a steady increase in the number of people renting, coupled with a decrease in vacancy rates, over the past decade.
02-08-2018 more >>

July market update from CoreLogic

Get right up to speed with what has been happening in the NZ property market as our Head of Research, Nick Goodall takes you through the latest trends in our most recent video.
23-07-2018 more >>

Unovent offers members 25% reduction until August 17

The 25% price reduction for Unovent® Home Ventilation Kitsets is an exclusive offer for members of Property Investors' Associations affiliated to the NZPIF.
20-07-2018 more >>

New interactive property map from CoreLogic

CoreLogic has released the ‘‘Mapping the Market' report, a new interactive map of New Zealand's property landscape which could ease pressure on people struggling to locate homes within their actual budget.
17-07-2018 more >>

Latest Massey University Home Affordability report

This quarter has seen a decline in national affordability in all regions (5.8%), as well as an annual decline in affordability for all regions (1.1%).
16-07-2018 more >>

Andrew King answers the claims made by Renters United

Renters United recently published a blue print to change New Zealand's "broken" rental rules
12-07-2018 more >>

OCR remains at 1.75 percent

Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction - up or down - as necessary.
28-06-2018 more >>

Tax Working Group agrees property fairly taxed

A Herald article and an Editorial published over the past week have suggested that property is undertaxed and rental property owners are able to buy property more cheaply than owner occupiers. Both these claims are wrong, but it is not the fault of the writers.
27-06-2018 more >>

The correct facts about tax and rental properties

Westpac Economist, Dominick Stephens, says that property is more lightly taxed in NZ compared to other assets. He quotes a Tax Working Group study to make this claim. However financial consultants Morgan Wallace found large errors in the Group's study and concluded that rental property is actually taxed more than other assets.
19-06-2018 more >>

Tax Working Group's property calculations questioned

The NZPIF made a submission to the Tax Working Group (TWG)who appear to have a directive to recommend a Capital Gain Tax in NZ.
01-06-2018 more >>

Advice from Tenancy Services on preventing subletting of rental property

Landlords may not be able to prevent tenants using their rental property for temporary rental accommodation, such as Airbnb, unless they specify this in their tenancy agreements.
30-05-2018 more >>


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