Otago Property Investors Association Inc

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otago@nzpif.org.nz

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Otago News

What's good for the goose by NZPIF President Sue Harrison

Making landlords and tenants into adversaries has been a popular narrative with the media and helps the current Government bring in some heavy disincentives to own rental properties. There have been so many levers pulled to ensure that house prices come down while interest rates, rates, insurance, maintenance and associated costs have gone up. The Government say they are helping tenants, but the tax grab and extra rules have brought significant negative impacts.
14-06-2023 more >>

No benefits for renters in the 2023 Budget

The 2023 Budget has done nothing to ease the pressure on tenants as their property owners struggle with rising costs, forcing them to increase rents in order to stay financially viable.
31-05-2023 more >>

The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.

The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment.
24-05-2023 more >>

Budget 2023 continues the Government’s commitment to tackle the housing shortage

Budget 2023 continues the Government’s commitment to tackle the housing shortage by delivering 3,000 more public housing homes, supporting more people at risk of homelessness, building more houses for Maori and those impacted by recent severe weather events.
19-05-2023 more >>

Killing off the Golden Goose by NZPIF President Sue Harrison

As the value of properties throughout the country are falling dramatically we have survey results that prove the structural damage being done to the rental marketplace.  The marketplace relies very heavily on private ownership of around 85% or rental homes.  Owning rental homes is a business with a range of expenses beyond the mortgage involved, so there needs to be some rewards as part of the risks of the investment involved.
14-05-2023 more >>

Proposed changes will benefit tenants and landlords

A large proportion of rentals in New Zealand are offered by private landlords.  The State cannot house all who need accommodation and National is to be congratulated for seeing private landlords as part of the solution to the difficult housing situation in New Zealand and not the problem.
30-04-2023 more >>

Large rent increases in January not maintained

February rental statistics from the Bond Centre have been released.
16-04-2023 more >>

The Property Investor Network by NZPIF President Sue Harrison

In times of crisis property investors and landlords with well located, good homes come into their own.  We applaud our North Island Property Investor Associations for ongoing support stewarding members through the weather events and being there in good times and bad.
14-04-2023 more >>

Official Cash Rate increases from 4.75% to 5.25% today

The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent. The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term. Inflation is still too high and persistent, and employment is beyond its maximum sustainable level.
05-04-2023 more >>

Supply of rentals decreasing

Sue Harrison says that the survey of members in February this year, highlights the changes in members’ attitudes since 2021 when the same survey was carried out
23-03-2023 more >>

What's ahead for renting in 2023

Phenomenal rain in Auckland and other areas causing destructive flooding is life as we know it in a world facing pandemics, climate change, and other challenges such as earthquakes and eruptions.  Taking on investment properties has never been for the faint hearted and the risk profile seems ever increasing.
01-03-2023 more >>

Reserve Bank increases the Official Cash Rate from 4.25% to 4.75%

The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 4.25% to 4.75%.
22-02-2023 more >>

Survive and thrive the year of challenges

Statistics show how much our government relies on private landlords to provide rental accommodation with a current level of around 85% of rental homes privately owned.  The Government has introduced significant residential tenancy legislative changes favouring tenants and alienating landlords over the last few years.
15-02-2023 more >>

Overall rent increases less than inflation

Sue Harrison. President of NZPIF, says December rental statistics from the Bond Centre have been released and it is evident that rental prices over the whole of New Zealand have increased by less than 5.1% in the year to November 22 at a time when overall inflation rose to 7.2%
14-02-2023 more >>

For those whose rentals have been flooded

Information from the NZPIF Executive Team
30-01-2023 more >>

Immediate improvement possible to the cost of living

Chris Hipkins could make an immediate improvement to one aspect of the cost of living.
25-01-2023 more >>

Changes to tax rules punish tenants

Tim Horsbrugh, NZPIF Executive Committee member presented to the Finance and Expenditure Select Committee last week
11-12-2022 more >>

From the President's desk - change of leadership at NZPIF

In October Andrew King resigned as President of the NZ Property Investors Federation (NZPIF) to begin an extended motorcycle tour, with his wife Sarah, through Central and South America. After 26 years of involvement, it is the end of an era for NZPIF. His enthusiasm for property, tenants, landlords and the improving of membership benefits has been exemplary.  Much has been achieved during his tenure for the Federation to become a well-informed voice for property investors in political and media circles.
01-12-2022 more >>

Proposals for methamphetamine regulations which will apply to residential tenancies

A discussion document is on the Ministry website and submissions are welcome up to 20 February 2023
24-11-2022 more >>

OCR increased to 4.25 percent

The Committee agreed that the OCR needs to reach a higher level, and sooner than previously indicated, to ensure inflation returns to within its target range over the medium term.
23-11-2022 more >>

The island with a crisis

There has been recent publicity* around the shortage of residential rentals on Waiheke Island. There, the lack of reasonably-priced rentals is seriously affecting those people who earn quite modest incomes as they work in the Island’s service industries.
21-11-2022 more >>

NZPIF members support greater stability for tenants

It is good to see that the Chief Human Rights Commissioner, Paul Hunt, is acknowledging that people who rent their homes are now moving between tenancies less often than in past years.
09-11-2022 more >>

Best wishes to all rental property owners from Andrew King

By the time you are reading this, my wife, Sarah, and I will be starting a seven-month motorbike journey from San Francisco to Santiago in Chile. This is part one of a plan to motorbike around the Americas. Naturally this means my 26-year involvement (nearly half my life!) with the rental property industry is coming to an end. It has certainly been a journey and I’d like to thank Sarah and the kids for putting up with a lot.
01-11-2022 more >>

Registration of Property Managers

Recently there have been calls for the compulsory registration of Residential Property Managers. These property managers act as middle-men between the property owner and the tenant, collecting the rent and handling any issues that may come up during the tenancy relating to the tenant's behaviour and with the property itself.
20-10-2022 more >>

OCR increased from 3 percent to 3.5 percent

The Monetary Policy Committee today increased the Official Cash Rate to 3.5 percent
05-10-2022 more >>


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