Taranaki Property Investors' Association

taranaki@nzpif.dev.nzpif.org.nz

News & Updates

Recent updates

Taranaki (TPIA) News

Investors confident things are on the way up

Investor confidence slipped from record highs amid financial turmoil but has started to recover, according to a quarterly ASB survey
16-10-2007 more >>

How does your rental rate?

Sunday Star Times journalist, Greg Ninness, lists some of the key indicators that could be pointers to an investment property's performance.
14-10-2007 more >>

Housing: it's a buyers market

The property market has hit the brakes for the third month in a row, with the latest official figures showing that the average sale price of a home falling below $400,000.
12-10-2007 more >>

Inland Revenue alerts tax professionals

The first Alert looks at the practice of selling the family home to a Loss Attributing Qualifying Company (LAQC) to generate tax deductions.
12-10-2007 more >>

Home prices rise $50,000

Ruth Hill reports in the DominionPost that despite rocketing interest rates and the Government's best attempts to rein in rampant property speculation, house prices nationwide are still nearly $50,000 higher than they were a year ago.
09-10-2007 more >>

BNZ denies it's re-entering broker market

Speculation has been rife recently that the Bank of New Zealand plans to re-enter the mortgage broking market.
08-10-2007 more >>

Residential Tenancies

ACT – Reforms In a speech to Wellington property investors (25 September) the Minister for Building & Housing Clayton Cosgrove highlighted some key reforms planned for the Residential Tenancies Act.
28-09-2007 more >>

Rates continuing to move in the right direction

Homeloan rates are continuing to move in the right direction for anyone seeking a mortgage at the moment. But it is still too early to declare that a new mortgage war has broken out.
28-09-2007 more >>

Cautious predictions over slowing economy

Nick Churchouse reports in the Dominion Post that predictions of a slowdown in the economy are cautious as activity bolds reasonably steady despite continued global activity.
24-09-2007 more >>

High rise investments continue to fall to earth

Anne Gibson reports that an analysis of the poor financial performance of Auckland's apartment market showed some units had had a quarter of their value wiped out.
21-09-2007 more >>

Tentative signs of rate competition

The first signs are emerging of a spring campaign amongst banks for home loan business. As reported in Good Returns Kiwibank was the first to move.
21-09-2007 more >>

Houses unaffordable

First home buyers were literally shut out of home ownership through record unaffordability in August, according to a survey released yesterday.
17-09-2007 more >>

Slim pickings as house sales continue to drop

Anne Gibson reports in the NZ Herald that house prices are growing fatter but sales turnover is almost anorexic and agents are complaining about the skinny pickings.
14-09-2007 more >>

Top Mortgage Broker named

The New Zealand Mortgage Brokers Association named its top brokers for 2007 at its annual conference in Rotorua on the weekend.
14-09-2007 more >>

Bank loan funding costs at 10 year peak

The Good Returns mortgage rate table is awash with red this week as lenders push rates up even though there has been no change in the official cost of borrowing in New Zealand.
11-09-2007 more >>

State prop-up for housing market counterproductive in long run

The Salvation Army represents low-income New Zealanders and obviously has their interests at heart with its suggestion that the Government increase its spending on housing for low-income earners and beneficiaries.
31-08-2007 more >>

Rents rising across the country

House prices may be flattening but renting is becoming more expensive.
27-08-2007 more >>

John Key on housing affordability

The Leader of the National Party spoke recently to the NZ Contractors' Federation on the impact of the NZ economy on the construction industry.
23-08-2007 more >>

Brash expects house prices to tumble 10%

Former Reserve Bank Governor Don Brash is picking house prices could tumble by up to 10% in the next year as the already cooling NZ property market is further threatened by the volatile international economy.
19-08-2007 more >>

Loan Market looks to 'life' for growth

Loan Market mortgage brokers could be cross-selling up to 70% of their lending clients into insurance products, according to the group's CEO, John Tanner.
17-08-2007 more >>

Signs grow of cooling housing

Kelly Andrews of the Dominion Post reports on fresh evidence of a cooling housing market coming from a report predicting growth in property values could soon slip back to single figures.
13-08-2007 more >>

Top property investor selling up

One of New Zealand's top property investors is selling up his portfolio because, as Greg Ninness discovers, he sees the credit crunch as the beginning of the end.
10-08-2007 more >>

MPs grill Bollard over interest rate hikes

Reserve Bank Governor Allan Bollard has warned MPs that they will fight the next election campaign amid the highest interest rates in recent times.
06-08-2007 more >>

The official cash rate (OCR) increases to 8.00%.

The OCR will increase by 25 basis points to 8.00%. Reserve Bank Governor Alan Bollard said: 'Domestic demand has grown strongly since late 2006, particularly in the household sector.'
06-08-2007 more >>

Inquiry into the Future Monetary Policy Framework

Written submissions to the inquiry into alternative ways to control inflation closed during the month (19 July).
31-07-2007 more >>


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