Pressures in the New Zealand housing market are easing gradually but risks remain, the Deputy Governor of the Reserve Bank, Grant Spencer, said in a speech today. 09-05-2014 more >>
In a surprise move, the Reserve Bank has deemed any rental property owner with five or more rental properties as a corporate borrower. We reported on this in our last newsletter (see here) and now have more information plus how you can find out the affects on your borrowings. 05-05-2014 more >>
Among the detail in Labour’s Monetary Policy Upgrade is ring-fencing of losses made in the early years of rental property ownership. A similar policy has been tried, failed and reversed in Australia. In the 2 year period it was law, Australian rents rose by over 25%. 05-05-2014 more >>
Winning at the Tenancy Tribunal is just the first step in holding some tenants to account. However changes to the system for recovering debts came into place on April 14 and may make things a lot easier for rental property owners. 05-05-2014 more >>
Residential properties with 2 or more stories and containing 3 or more units are to be covered by proposed
Earthquake Strengthening regulations. The NZPIF have made a submission which you can see here 05-05-2014 more >>
The Official Cash Rate (OCR) was raised twice recently, the first change since early 2009. Floating mortgage interest rates for most banks moved up by the same amount almost immediately. But what exactly is the OCR and how does it affect the mortgage interest rates we pay? 05-05-2014 more >>
Among the detail in Labour’s Monetary Policy Upgrade is ring-fencing of losses made in the early years of rental property ownership. 30-04-2014 more >>
Alongside a capital gains tax, our KiwiBuild housing policy, universal KiwiSaver and reduced costs to businesses through NZ Power, Labour is offering an alternative that will help Kiwi families and ensure our economy can create better jobs and higher wages,†says David Parker 29-04-2014 more >>
Investors are very confident about the future prospects of commercial property investment in New Zealand, delivering another quarter of enthusiastic responses. Confidence is at a net positive 28%, just shy of the record high set at the end of 2013, according to the latest Colliers International investor confidence survey.
17-04-2014 more >>
The association representing Kiwi landlords is disappointed the Labour Party is misleading the public about their proposed capital gains tax, which they plan to apply to all asset classes except the family home. 14-04-2014 more >>
The NZ Property Investors Federation (NZPIF) supports the focus on heating and Insulation in Phil Twyford’s Healthy Homes Guarantee Bill.
25-03-2014 more >>
More New Zealanders are using electricity to heat their homes and fewer are using gas, wood, or coal, according to census results released by Statistics New Zealand today. 18-03-2014 more >>
The national federation representing Kiwi landlords is warning against progressing with the flawed rental WOF scheme, claiming its trialed roll-out is raising serious concerns for both tenants and landlords.
17-03-2014 more >>
There are currently two WOF systems being developed. One is a voluntary scheme currently being trialled by five Local Authorities around the country, the other is being developed for Housing NZ properties. 15-03-2014 more >>
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,125 dwelling sales in the month of February, down 7.6% on February last year, but up 29.8% compared to January
11-03-2014 more >>
Provisional data from New Zealand’s largest real estate group Harcourts for the month of February shows there is continued pressure on the housing market in Auckland and Northland. The group said its average sales price had reached $644,613 – up 13% on the same time last year. 05-03-2014 more >>
The Bank of New Zealand’s Nine Rewards Consumer Trends Survey indicates that interest in buying residential rental property has almost doubled since the LVRs were introduced 05-03-2014 more >>
