Otago Property Investors Association Inc

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otago@nzpif.org.nz

News & Updates

Recent updates

Archive: 2019

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 >>

Check your events, news, and pages on mobile

📱 A significant number of our members view our website on their phones. Make sure your content looks good on a mobile device! And check the index page as well as the article itself.
03-04-2019 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 >>

Nigel Latta - The Psychology of Building Empires

Otago Property Investors Association Inc. presents Nigel Latta - From Caves to Investment Properties: The Psychology of Building Empires. Members: Free non-members: $35. Registration is essential as you will need tickets to get in the theatre. 7:30pm Start (Doors open at 7pm)
19-03-2019 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 >>

OPIA Bus Tour

The 2019 Annual OPIA Bus Tour Come along to the annual social and educational event to start off 2019. There will be several properties to have a look around Dunedin suburbs - with the trip concluding back at Zingari for the ever popular barbecue. Please wear easy to remove footwear. BUS TOUR REG ARE NOW CLOSED
12-02-2019 more >>

Property wellness check

The start of a new year is a good time to take stock of what is happening with your investments. Think of it like a wellness health check.
10-02-2019 more >>

Ring fencing update

Last year ended with the disappointing news that ring-fencing of rental property losses would no longer be permitted, despite it being available to all other forms of tax losses. Along with the Bright Line Test, this is another tax change which will only apply to rental property.
09-01-2019 more >>


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