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 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).
Andrew King was the first presenter at the 2015 NZPIF Conference and was asked to update attendees on the property market and where we are in the cycle. He said it was very interesting to do the research and see how different this cycle is behaving compared to previous ones.
Tenancy Tribunal statistics show that nearly 50% of the tenant applications against landlords contained a claim for exemplary damages from the landlord, while less than 0.5% of landlords applications were for exemplary damages.
Latest Reserve Bank lending data showed that the proportion of lending to investors has risen from 29 percent to 33 per cent over the last year. Following this release, some headlines have read "Investors head first-home buyers", "Auckland is a ‘speculators’ paradise" and” Investors dominate first home buyers".
Andrew King discusses the issues related to housing
Towards the end of last year, an organisation called the Financial Services Council (FSC) launched a campaign to reduce the tax obligations for Kiwisaver savings and some term deposits.
Andrew King talked to TV 3's Simon Shepherd about the recent Trade Me statistics of the cost of renting property in Auckland.
More people are interested in buying investment properties since the loan-to-value rules kicked in, the latest BNZ Consumer Confidence survey shows. It found a net 45% of the respondents are confident that the economy will improve over the next year.
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
Low rents are discouraging people from buying their own homes, according to the New Zealand Property Investors Federation (NZPIF). NZPIF executive officer Andrew King said the cost of owning an average home was about $138 a week more than the cost of renting a similar property.
On paper it sounds like a great idea. A checklist for rental properties which, if mandatory, would ensure that the 31 per cent of the population who rent are in liveable homes. Increasingly, though, there are murmurs from landlords and real estate agents about whether the rental "warrant of fitness" idea being proposed at council level will improve the tenant's lot.
A new system designed to cut the time it takes to resolve tenancy disputes will only be available to big property management firms and Housing New Zealand at first. Housing Minister Nick Smith has revealed details of the new “Fasttrack” process for the Tenancy Tribunal.
Many landlords are choosing to sell their properties because of bad experiences with tenants, says the president of the New Zealand Property Investors Federation.
Criteria used to describe New Zealand’s housing as unaffordable are too simplistic and do not take into account the cost of borrowing, the New Zealand Property Investors Federation says. The Demographia survey compares housing costs in nine countries.
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