New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
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.
Rent increases are bad news for everyone, the New Zealand Property Investors Federation says. The Salvation Army has released a report which says that rent rises over the past five years have made all low-income groups in Auckland, except superannuitants, worse off in real terms.
“No tenant should have to live in a mould-ridden unit,” said Andrew King, Executive Officer of the NZ Property Investors’ Federation the national organisation representing landlords
First-home buyers are having more of an impact on Auckland property prices than foreign investors, says the president of the New Zealand Property Investors Federation.
Tenants who do not have the money to pay their bonds are likely to be strapped for cash and not very good at paying their rent either, says the president of the New Zealand Property Investors Federation.
National’s new housing minister is looking into the possibility of a “warrant of fitness” for rental properties.
Landlords holding on to properties with big sections may be able to get their money’s worth out of them under proposed changes in the draft Auckland plan, says the New Zealand Property Investors Federation.
Andrew King says it is wrong to say housing investors are reaping tax advantages over ordinary buyers.
Wealthier overseas buyers would benefit from the introduction of loan-to-value restrictions on property, says the president of the Auckland Property Investors Association.
The Green Party’s proposals to get low-income earners into housing have been panned by the New Zealand Property Investors Federation.
First-home buyers should not be tempted by top-of-the-range homes and instead should buy the cheapest properties their egos will allow, says New Zealand Property Investors Federation president Andrew King.
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