Otago Property Investors Association Inc

03 4776-220

otago@nzpif.org.nz

News & Updates

Recent updates

Archive: 2021

Christmas Dinner- 2021

Come along to our 2021 Christmas dinner, this year we have hired an amazing venue and got catering in! This year we have a 2-course buffet dinner (plus platters and nibbles to start) and the OPIA is discounting this to only $50 each for members and non-member will be the full price of $68.94. We also will have a subsidised cash bar for the evening. This is always a great event and every year it is getting more popular so get in quick to avoid disappointment, there are limited seats. There is vegan, GF, DF and Vegetarian options available but please email the office and indicate that you will require these options so we can make sure we have enough. If Covid level changes force the cancellation of this event then a full refund will be provided.
16-11-2021 more >>

Monthly Coffee Chat Group - November

Come along to our monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
06-11-2021 more >>

OPIA Bus Tour (Postponed Date)

This is the bus trip that was postponed from Feb 2021. If you have already registered and paid then you are all good to go, if you can't make this date now please let us know and we can sort a refund for you. At this stage, the event is full however if you wish to be placed to the waiting list people also let us know as we will most likely have a few places open up. The 2021 Annual OPIA Bus Tour Come along to the annual social and educational event to start off 2021. 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.
02-11-2021 more >>

Official Cash rate increased to 0.50 percent

The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment.
06-10-2021 more >>

Monthly Coffee Chat Group - October

Come along to our monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
02-10-2021 more >>

Government's rental property interest deductibility details released

In March this year, the Government brought in radical changes for property investors, treating them differently from any other business by removing the ability to deduct mortgage interest as a legitimate business expense. MBIE, IRD, accountants and tax experts do not support these changes.
29-09-2021 more >>

(CANCELED DUE TO COVID LEVEL 3) Monthly Coffee Chat Group - September

(CANCELED DUE TO COVID LEVEL 3) Come along to our monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
04-09-2021 more >>

Official cash rate on hold at 0.25 percent

The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today’s decision was made in the context of the Government’s imposition of Level 4 COVID restrictions on activity across New Zealand. 
18-08-2021 more >>

Monthly Coffee Chat Group - August

Come along to our monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
07-08-2021 more >>

Controversial tenant shows why 90 day notice needed

Sharyn Shepherd, also known as Hope Maree Taylor, is a convicted fraudster who has reportedly harassed her neighbours at the Otautahi Community Housing Trust complex so much that they are frightened to go outside.
26-07-2021 more >>

Angela Caughey- Mortgage free at 30

IT IS NOW TOO LATE TO REGISTER TO ZOOM IN Angela will share her story of how she became financially free at 30, meaning she had the option to quit working and still have a basic income. Now 35 years old, she has 7 houses and 6 flats in her portfolio which provide a very comfortable lifestyle. Click to see more....
20-07-2021 more >>

Monthly Coffee Chat Group - July

Come along to our monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
03-07-2021 more >>

Reserve Bank approved to use debt to income ratios

The Reserve Bank of New Zealand has announced plans to add debt to income ratios to its tool kit to dampen investor demand for properties.
17-06-2021 more >>

Debt serviceability restrictions added to tools the Reserve Bank can use

The Reserve Bank and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available.
16-06-2021 more >>

OPIA AGM and Core Logic- Current Property Market

OPIA AGM 2021 followed by Nick Goodall from core logic speaking about the current property market. It is now too late to register to Zoom in.
15-06-2021 more >>

Confusing consultation paper

The Government has released a 143-page discussion paper on removing mortgage interest tax deductibility on investment properties and the extension of the Bright line test.
12-06-2021 more >>

Monthly Coffee Chat Group - June

Come along to our monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
12-06-2021 more >>

Landlords say money would be better spent on something else

The government used the housing announcements of March 23 as its main avenue for legislation relating to rental properties. Still, it has, however, set aside $80 million in the Budget for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives.
21-05-2021 more >>

DCC Zoning, 2GP, Minor Dwellings and more

Speaking about: Current residential density rules and associated provisions under the 2GP (Family Flat allowances, Residential 2 zone subdivision, etc.). Proposed Variation 2 changes, inc.- Allowances for duplex construction on standard residential sites. Ancillary Flats to replace Family Flats. New areas of General Residential 2 zoning. Increased density allowances for development within General Residential 1 zones. Anticipated increase in development contribution fees. Anticipated increase in developers infrastructure obligations. About me- I grew up in Dunedin (now 45 years old). Finished study for Bachelor of Surveying (at Otago) in 1997. I have worked as a private practice surveyor with Paterson Pitts from 1997 to present (became an owner and director of Paterson Pitts in 2005). Studied for Master of Planning degree (also at) Otago from 2016 to 2019. Graduated in 2020. I am a member of both Survey and Spatial NZ and NZ Planning Institute. I am an owner of a land development company and an owner of a separate commercial property investment company. I am on the board of Otago Accommodation Trust. Married to Christina, and we have 3 kids (25, 17, 12). IT IS NOW TOO LATE TO REGISTER TO ZOOM IN
18-05-2021 more >>

Government rejects first home buyers, tenants and rental providers

The First Home Buyers Club, Tenants Protection Canterbury and the NZ Property Investors Federation have presented a letter to Government requesting them to reconsider removing mortgage interest costs on rental properties.
12-05-2021 more >>

North End Meeting

11th May 2021 at 7pm Strictly limited numbers so you MUST register to come. We are holding a North end meeting for student landlords before renting season starts again. We will be having the Otago Uni Proctor speaking, a north end market update and then discussions around student tenancies. This meeting cannot be 'Zoomed'
11-05-2021 more >>

Monthly Coffee Chat Group - May

Come along to our new monthly coffee club. You can pop along have a coffee or some lunch and chat with like-minded investors. President- Kathryn Seque is hosting and will have other OPIA executive members there as well so feel free to come along. You must register as if no one is registered to come it won't be held. The Plaza Cafe also has a play area for children so feel free to bring along your children.
08-05-2021 more >>

Officials against rental property interest deductibility removal

Newly released information shows that in addition to Inland Revenue and Treasury, officials from the Ministry of Housing and Urban Development were unanimous in advising the Government against removing rental property mortgage interest as a tax deduction. This opposition is also supported by economists, the general public and even tenant groups who are also stating that the policy will lead to rent rises.
04-05-2021 more >>


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