New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
Andrew King takes you through the Residential Tenancies Amendment Act (2) introduced to Parliament on 23 May 2017 for its first reading.
The NZ Property Investors' Federation (NZPIF) congratulates the Salvation Army for their advocacy work that has seen the accommodation allowance increase for low income families.
“The NZ Property Investors' Federation is pleased that Government is taking action to remedy the situation of tenants not being responsible for damage they accidently cause in rental properties,” says Andrew King, Executive Officer of the NZPIF
The consequences of meth in rental properties have been escalating over the last few years. Fortunately it isn't the actual health consequences of meth in rentals (except for those actually consuming the stuff) but uninformed fear of what meth residue can do and the potential for highly expensive remediation if it is discovered in your rental.
Labour has announced that they are removing the ability of rental property providers to offset losses. They call it a speculation tax loophole, but it is a tax provision available to all investments.
There continues to be a large number of media articles talking about the "housing crisis" and people being tenants for life. I'm sure that the people saying that home ownership is not achievable for young people are doing this with the best intentions, but they are giving these people the wrong message. Ironically, by trying to stand up for first home buyers they are likely putting them off even trying to achieve their first home.
“The NZ Property Investors' Federation promotes good maintenance of rental properties to its members. This makes good business sense as tenants of well-maintained properties are likely to stay longer, meaning lower vacancy rates,” says Andrew King, Executive Officer.
Labour leader Andrew Little has confirmed that in addition to increasing the Bright Line Test for rental property from two to five years, Labour will also remove negative gearing for rental property.
I live in a part of the Mt Albert electoral area. As you read this, the results of a byelection in my area would have been announced. It is an interesting byelection as National are not putting forward a candidate, but Gareth Morgan's new Opportunities Party is.
For the last few years we have been inundated with media articles and opinion pieces on how we have a housing crisis and that the young are doomed to be tenants for life.
“Recent CoreLogic data shows that flipping or rapid on-selling of houses is not as common as people may believe” says Andrew King, Executive Officer of the NZ Property Investors’ Federation
The New Zealand Property Investors' Federation (NZPIF) rejects accusation made against rental property providers by the Monte Cecilia Housing Trust.
I hope this magazine finds you still on holiday and enjoying a well earned break. This is a great time of the year to contemplate events of the past year and where you are heading in the coming year.
Andrew King reports on the NZPIF has had meetings with Housing Minister Dr Nick Smith and outlines all the discussion which is going on behind the scenes.
The much anticipated report on acceptable levels of meth contamination was released recently by the Ministry of Health. The main finding of the report is that the current levels of acceptable meth contamination are to be amended.
“There are good and bad aspects of the Greens’ Residential Tenancies (Safe and Secure Rentals) Amendment Bill which was selected from the ballot today” says Andrew King, Executive Officer of the NZ Property Investors’ Federation.
One of the Reserve Bank's tasks is to keep inflation between 1% and 3%. It appears that the purpose of the LVR tightening is to allow the Reserve Bank to lower interest rates, thereby stimulating the economy and lowering the NZ dollar.
Brian Fallow's extraordinary opinion piece against rental property owners demands a reply. His view has been fixed since he became a journalist and there appears to be no way that they will change. However New Zealand deserves to hear the complete story.
Last week Labour leader, Andrew Little, said he was announcing new measures that he maintained were aimed at traders and speculators, not investors providing rental accommodation. Labour is proposing to target rental property owners with an extension to the Bright Line Test and by banning negative gearing.
When asked by a journalist yesterday if any of Labour’s housing announcements would target investors, Andrew Little clarified that they would target speculators, "those looking to for short term gain in the housing market."
The Reserve Bank has stated that housing supply is the real issue in house price increases. However because they cannot influence supply, they are threatening rental property providers with tighter Loan-to-Value Ratios (LVRs) and Limits on Debt-to-Income ratios (DTIs).
Following QV's monthly housing report released today, the Prime Minister’s advice to further hinder the provision of rental properties in New Zealand is misguided.
Andrew King, Executive Officer of the NZPIF, looks into the facts behind the media hype
A recent CoreLogic report has claimed that 46% of property sales in Auckland over the last month were to investors. This figure was obtained by counting the number of properties bought by people who have an existing home. Apart from investing, there are many other situations where this may occur.
“It's great that the 2016 Budget has extended the Healthy Homes Initiative with an extra $18m,” says Andrew King, Executive Officer of the NZ Property Investors’ Federation (NZPIF).
Results: 1-25 of 73