Otago Property Investors Association Inc

03 477 6220

otago@nzpif.org.nz

News & Updates

Recent updates

Otago News

2019 Conference was a positive event

I have just got home from the NZPIF conference in Rotorua. What a positive event it was, with the mood assisted by a great All Black win on the Saturday night, enjoyed by many of the attendees.
20-08-2019 more >>

RTA amendment Bill finally passes

It was great news that the RTA Amendment Bill was finally passed and came into law on the 31 of July 2019. The Bill improves the situation for three key issues. Tenants liability for damage, unlawful dwellings and methamphetamine.
19-08-2019 more >>

Home Affordability is improving according the the June Massey University report

Home affordability has improved driven by decreasing house prices, lower mortgage interest rates and increases in incomes
16-08-2019 more >>

Official Cash Rate (OCR) reduced to 1.0 percent

This statement was made by the Reserve Bank Governor today
07-08-2019 more >>

Residential Tenancies Amendment Act (No2) passed

This Act was passed on 30 July.
02-08-2019 more >>

New research shows increased population pushes up house prices but share of migrants does not

There has been widespread concern that strong increases in immigration flows have caused a housing crisis in New Zealand.
31-07-2019 more >>

Allocating liability for tenant damage to rental properties

“The NZ Property Investors’ Federation (NZPIF) is extremely pleased that tenants are now at least partially responsible for the damage they cause to their rental property,” says Andrew King, Executive Officer of NZPIF.
25-07-2019 more >>

Promised heating grants for tenants cancelled

The Government announced today that grants of up to $2,500 for energy efficient heaters are now available as part of the Government’s Warmer Kiwi Homes programme. “We have discovered that these grants are available to people in lower-income areas or Community Services Card holders, but only if you are a home owner," says Andrew King, Executive Officer of NZ Property Investors Federation (NZPIF).
19-07-2019 more >>

Ringfencing: Bad law but good for some

Last month Government passed legislation removing the right to offset rental losses against the tax paid on other income. It comes into effect immediately.
19-07-2019 more >>

Less intrusion for tenants

The NZ Property Investors’ Federation (NZPIF) is very pleased that their specialist rental property insurance supplier, Initio, has just increased for our members the required period between property inspections from three months to four.
10-07-2019 more >>

Period between property inspections increased from 3 -4 monthly by Initio - an exclusive member-only benefit

The New Zealand Property Investors Federation is pleased to announce that our insurance partner, Initio, has added an exclusive member-only benefit that increases the required property inspection period from 3 monthly to 4 monthly.
08-07-2019 more >>

Noel Leeming deal for NZPIF members to keep you safe and smart

From 9 -22 July you can purchase all smart home, smart security and smart light products for cost +5%
07-07-2019 more >>

Landlords committed to ensuring homes are warm this winter

The organization that represents New Zealand landlords has welcomed survey results showing that more than 96% of its members’ rental properties have met the insulation deadline for rental properties.
30-06-2019 more >>

The Official Cash Rate (OCR) remains at 1.75 percent.

The Reserve Bank Governor said that given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives.
26-06-2019 more >>

New research confirms higher number of insulation compliant rentals

Officials believe a third of all rental homes won't be insulated in time for the deadline next week. However preliminary results from a NZ Property Investors Federation (NZPIF) survey show that the real number of properties which are unlikely to meet the deadline is likely to be a lot lower.
25-06-2019 more >>

A complete plants package - without a hefty price tag

Landscaping supplies can cost you an arm, and a leg as well as your patience. Adding up the price of plants, the time deciding which plants are right for the environment, not to mention the to-ing and fro-ing, loading and off-loading – well, it can leave more than your budget broken. So, we were pleasantly surprised when we discovered there’s something like flat pack furniture, but for the outdoors. In short, it’s a complete (and affordable) plants package that provides you with what you need to create an entire garden, including plants, shrubbery, flowers and trees.
20-06-2019 more >>

Privacy issues

As many of you will know, The Privacy Commission recently decided to design and publish what landlords could and couldn’t ask prospective tenants when looking to let out a property. Despite being just guidelines, it is likely that the Tenancy Tribunal would give the Commission’s ideas considerable standing.
19-06-2019 more >>

The facts about the Accommodation Supplement

The Child Poverty Action Group (CPAG) has called for Government to remove the Accommodation Supplement (AS) and significantly raise the incomes of all benefit recipients and low-wage workers. “CPAG claims that the AS keeps rental prices high however their own report disproves this” said Andrew King, Executive Officer of the NZ Property Investors’ Federation (NZPIF).
11-06-2019 more >>

Proposed CGT impacted on housing views in three months to April

The latest ASB Housing Confidence report shows there was an impact on housing views from the proposed capital gains tax,
27-05-2019 more >>

No Capital Gains Tax is welcome news

The Government’s announcement that they are not going to introduce a Capital Gains Tax (GCT) was very welcome. It is disappointing, however, that they are being attacked for their sensible decision.
19-05-2019 more >>

Healthy Homes standards signed off

The final healthy homes standards were announced on 13 May and are now available on the New Zealand Legislation website. The standards set minimum requirements for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties and will be law from 1 July 2019.
13-05-2019 more >>

OCR reduced to 1.5%

The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment and inflation consistent with its policy remit.
08-05-2019 more >>

News from CoreLogic

CoreLogic has the tools to assist property investors with their research
24-04-2019 more >>

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 >>

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 >>


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