Otago Property Investors Association Inc

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otago@nzpif.org.nz

News & Updates

Recent updates

Archive: 2017

Special 25% price reduction when purchasing Unovent® Home Ventilation kitsets

The 25% price reduction for Unovent® Home Ventilation Kitsets is an exclusive offer for members of Property Investors' Associations affiliated to the NZPIF
14-12-2017 more >>

G-Force makes insulating your rental property as simple as 1-2-3

G-Force We Install is pleased to be able to offer NZPIF members a special national rate for supply and installation of ceiling and/or underfloor insulation to meet the new RTA requirements.
14-12-2017 more >>

Undue panic created around meth contamination of properties

Andrew King says the NZPIF agrees with the Minister of Housing's comments that there has been undue panic created around meth contamination of properties
10-12-2017 more >>

Annual household income has risen 50.5% since 2007

Household income and housing-cost statistics: Year ended June 2017­ was corrected on 8 December 2017.
08-12-2017 more >>

Students and the north end

Chris Addington Master of the University College (UNI-COL) has agreed to come along and speak to members about his residential students and the challenges they impose, the reasons why references are given out second semester is one issue covered. Neville Butcher is a motel owner on George Street, he will talk about running a business in the 'student area' and the challenges that imposes.
01-12-2017 more >>

Healthy Homes Guarantee Act a milestone for New Zealand

Every New Zealander deserves a warm, healthy home to live in, and the Health Homes Guarantee Act will help ensure that, said Minister of Housing and Urban Development Phil Twyford.
01-12-2017 more >>

No new housing surge says Tony Alexander

The Reserve Bank surprised most people yesterday with its move to ease up the loan to value ratio (LVR) credit controls introduced in October 2013 then strengthened in October 2015 and July last year.
30-11-2017 more >>

The Reserve Bank is undertaking a modest easing of the LVR restrictions from 1 January 2018

Reserve Bank Governor says "Over the past six months, pressures in the housing market have continued to moderate due to the tightening of LVR restrictions in October 2016, a more general firming of bank lending standards and an increase in mortgage interest rates in early 2017. Housing market policies announced by the Government are also expected to have a dampening effect on the housing market. In light of these developments, the Reserve Bank is undertaking a modest easing of the LVR restrictions"
29-11-2017 more >>

Housing and Urban Development Minister Phil Twyford commissions a independent stocktake of the housing crisis.

Housing and Urban Development Minister Phil Twyford has commissioned three of New Zealand’s leading experts to provide an independent stocktake of the housing crisis. “For too long, the previous Government refused to accept the housing crisis and establish the scale of the problem we face,” says Minister Twyford.
26-11-2017 more >>

OPIA Christmas Function - sit down dinner

Come along and enjoy a sit down dinner (2 course set menu) at the Harbour Side Grill (formerly Customhouse), and hear about the year that has just been, and the upcoming issues we will be facing in 2018 as landlords. This event must be registered for and paid online before the 7th November. Members: $30 (subsided price), Non-Members: $39. Drinks at own cost.
15-11-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Statement by Reserve Bank Governor Grant Spencer:
09-11-2017 more >>

Andrew King, NZPIF Executive Officer, reviews the possible effects of the policies of the new Government

The election has been decided and our industry is in for a large amount of change.
09-11-2017 more >>

OPIA - Queenstown Meeting - MBIE Seminar - Renting and You

Seminars about renting will be held in selected locations across New Zealand in 2017. The aim of the seminars is to inform and educate landlords, renters and community groups about the recent changes to the Residential Tenancies Act (RTA), and to provide tips and information about how to make sure properties are compliant with the law. Speaking at the seminars will be representatives from the Ministry of Business, Innovation and Employment (MBIE) Tenancy Services, the Energy Efficiency Conservation Authority (EECA), the Ministry of Justice (Tenancy Tribunal) and the New Zealand Property Investors’ Federation. Topics include: What you need to know about the 2016 changes to the RTA, including smoke alarms and insulation requirements An update on the upcoming key provisions of the RTA Amendment Bill (i.e. methamphetamine contamination, tenant liability for damage and unlawful residential premises) The Tenancy Compliance and Investigation team Tenancy Services’ dispute resolution and bond processes and services The benefits of joining a Property Investor Association Tea and coffee will be provided on arrival. Each seminar is approximately 2 hours, including time for questions. There is no charge for the seminars, but places are limited so you MUST register. https://www.tenancy.govt.nz/about-tenancy-services/news-and-events/renting-and-you-seminar-series-2017/
08-11-2017 more >>

REINZ October report

Median residential property prices across New Zealand have increased by 1.2% year-on-year to $525,000 according to the latest data from the Real Institute of New Zealand (REINZ)
02-11-2017 more >>

2017 ANZ survey of residential property investors

Here are the key findings of the 2017 survey
16-10-2017 more >>

2017 NZPIF Conference - Making connections

This is the annual NZPIF Conference.
13-10-2017 more >>

Security of tenure for tenants

One of the election topics within the housing realm was security of tenure for tenants.
09-10-2017 more >>

Nick Goodall of CoreLogic examines the post election market

Nick also asks the question where are we headed now?
07-10-2017 more >>

Boarding Houses are easy to manage

In 2015 Kerry Beveridge purchased the City Hotel Timaru. Come to this meeting on 3 October to hear what happened next. Since then the few usable rooms have been renovated to give 16 very popular rooms. Kerry is currently re-purposing space to give 7 new bedrooms and a bathroom. From hands on 24 / 7 Kerry has made the building more high tech and more hands off. He has a waiting list of tenants wanting to move in and advertisers through word of mouth. Come along and hear about Kerrys' Boarding house experiences (good and bad) and his newest project.
03-10-2017 more >>

ANZ Property Focus for September

In this month’s feature article, our Chief Economist Cameron Bagrie provides some quick answers to topical housing market questions
02-10-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

Statement by Reserve Bank Acting Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
28-09-2017 more >>

Protection of tenant rights

It is important to protect tenant rights,” said Andrew King, executive officer of the NZ Property Investors’ Federation. “However, it is not correct to say that tenants have no rights in New Zealand and that tenancy laws need to be rebalanced towards the tenant”.
18-09-2017 more >>

Landlords offer stable tenancies

A survey of 816 rental property owners shows that 49% would like their tenants to stay in the property for a very long time as they have no intention of selling. Another 12.7% would like them to stay for at least the next 10 years after which they may start thinking about selling the property.
15-09-2017 more >>

Facts not scaremongering

In a Radio NZ interview today, Labour's housing spokesperson said that the NZ Property Investors' Federation (NZPIF) was scaremongering by releasing findings of a survey that showed that nearly three quarters of rental property owners would increase rents if some of Labour's housing policies were introduced. He also said that NZPIF did not explain why this would happen.
14-09-2017 more >>

State of the rental property providers survey

The NZPIF membership survey was conducted between 7 and 12 September 2017. There were 816 respondents.
13-09-2017 more >>


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