Otago Property Investors Association Inc
No new housing surge says Tony AlexanderThe 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 2018Reserve 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 Zealandâ€™s leading experts to provide an independent stocktake of the housing crisis. â€œFor too long, the previous Government refused to accept the housing crisis and establish the scale of the problem we face,â€ says Minister Twyford.
26-11-2017 more >>
OPIA Christmas Function - sit down dinnerCome 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 percentThe 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 GovernmentThe 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 YouSeminars 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 Investorsâ€™ 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 Servicesâ€™ 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 reportMedian 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 >>