Otago Property Investors Association Inc

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otago@nzpif.org.nz

News & Updates

Recent updates

Otago News

Reserve Bank reduces OCR to 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler:
10-11-2016 more >>

Government injects another $300m into emergency housing

More emergency housing places, more support for tenants and more frontline staff have been funded in the next step in the Government's comprehensive housing plan.
07-11-2016 more >>

Osaki change being considered by Government

The NZ Property Investor's Federation annual conference was recently held in New Plymouth and was an outstanding success.
07-11-2016 more >>

President Terry le Grove's report to the AGM of the NZPIF 14 October 2016

Since the President's report was delivered, progress had been made in several areas outlined in the report. The changes have been added in red.
28-10-2016 more >>

ANZ/NZPIF Survey 2016 - key findings released in October

The 2016 ANZ Residential Property Survey results show the impact of the LVR restrictions on investors' ability to purchase more property or change their investment strategies
21-10-2016 more >>

Tenancy law change on damage claims being considered

The Government is considering changes to the Residential Tenancy Act over when property damage costs can be reclaimed from tenants, Building and Housing Minister Dr Nick Smith says.
15-10-2016 more >>

Hundreds helped into housing independence

The Government has granted nearly $2.5 million in assistance to help people move from social housing to sustainable private housing, freeing up places for those who need it most, Social Housing Minister Paula Bennett says.
09-10-2016 more >>

Harvey Norman commerial special deal to OPIA members

Save on your appliances When you're looking at appliances for your rental property, look no further than Harvey Norman Commercial. The great news is that OPIA members have the exclusive advantage of buying from Harvey Norman Commercial at trade prices. So if it's a fridge, stove, washing machine or dishwasher you're looking for, take advantage of Harvey Norman Commercial's offer to buy exclusive brands at bargain prices. That way you ensure durability, longevity and value for money. Plus, if you're looking for something for yourself, Harvey Norman Commercial can access a wide range of appliances, audio/visual, heating, computers and even commercial-grade appliances. Call Nathan Lee on 021 243 108 , email Nathan.lee@nz.harveynorman.com - or visit the Harvey Norman Commercial showroom in Christchurch or Queenstown.
07-10-2016 more >>

Tenants' liability for damage 2

In last month's article I discussed the ramifications of the court's decision to exemplify tenants from responsibility for any damage that they cause to their rental property.
07-10-2016 more >>

Ending a Tenancy: What is Expected

Here's a handy guide that you could provide your tenants or even have as a clause in your tenancy agreement so that it is clear about what is expected when a tenancy ends and the tenants move out.
03-10-2016 more >>

An update on tenants' liability for damage

The NZPIF recently surveyed members to estimate the cost of damage claims over the past year. Read the background to this request and how the NZPIF is working hard to ensure that landlords do not bear the full financial burden of unintentional damage and neither are tenants financially ruined through a mistake or accident.
23-09-2016 more >>

The Reserve Bank today left the OCR unchanged

Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.0 percent.
22-09-2016 more >>

Government secures more emergency housing

A target of around 3000 emergency housing places funded per year has been exceeded and Social Housing Minister Paula Bennett is seeking even more places to help house vulnerable New Zealanders.
20-09-2016 more >>

Social housing reform programme on track

The Government's Social Housing Reform Programme is on track with more social housing available in Auckland and more on the way, says Social Housing Minister Paula Bennett.
11-09-2016 more >>

Housing legislation passes

Parliament has today passed housing legislation which will ensure house building momentum continues in Auckland and enable the Special Housing Area (SHA) process to be used in other areas for a further three years, Building and Housing Minister Dr Nick Smith says
08-09-2016 more >>

Tenants' liability for damage

n 2009, a tenant called Mrs Osaki left a pot of oil unattended on the stove. A fire broke out that caused over $200,000 of damage. The property was repaired through the owners insurance, but the insurance company decided to seek the cost of the damage from the Osaki's.
07-09-2016 more >>

Reserve Bank confirms nationwide restrictions on loans to property investors

The Reserve Bank today confirmed that new rules tighten restrictions on bank lending to residential property buyers throughout New Zealand.
05-09-2016 more >>

Next steps in earthquake-prone building policy

Building and Housing Minister Dr Nick Smith today released for consultation regulations approved by Cabinet on Monday for the new earthquake-prone building legislation.
02-09-2016 more >>

Minister welcomes updated insulation standard

New guidelines on how to effectively install insulation are being welcomed by Building and Housing Minister Dr Nick Smith.
01-09-2016 more >>

Business sentiment strong

Our quarterly BNZ Confidence Survey of 14,000 Weekly Overview recipients elicited over 570 responses this time around, the vast majority of which were positive
31-08-2016 more >>

Residual methamphetamine in rental properties - an update by Colin Comber

Members may have heard or viewed various reports in the media in recent weeks about the issue of residual methamphetamine in rental accommodation. This communication is intended as a summary of some key points that have emerged from the ongoing debate about the subject:
22-08-2016 more >>

Auckland Unitary Plan notification welcomed

Auckland Council's notification today of its new Unitary Plan is an historic step in enabling New Zealand's largest city to better grow and prosper, Environment Minister Dr Nick Smith says.
20-08-2016 more >>

Steel mesh testing to be strengthened

Consultation on proposed changes to the Building Code to strengthen steel reinforcing mesh testing requirements has opened today, Building and Housing Minister Dr Nick Smith says.
19-08-2016 more >>

Accessible Properties preferred provider in Tauranga

IHC subsidiary Accessible Properties has been chosen as the preferred provider to take over the ownership of Housing New Zealand's properties in Tauranga, Ministers Bill English and Paula Bennett say.
13-08-2016 more >>

Reserve Bank defers start of proposed changes to investor LVR

The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.
12-08-2016 more >>


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