New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
Under considerable pressure from the media and others concerning the condition of some boarding houses and the referral of Housing NZ “clients” to them, the Minister of Housing Maryan Street (11 April) said the Government would revive a new version of a Residential Tenancies Amendment Bill, which was originally introduced by former Housing Minister Mark Gosche in 2001.
With little prospect of capital growth during the next 2 years, the local property market is losing its lustre for all but the canny, cashed-up bargain hunter, and the spot light has swtiched to Australia
Lombard says that although its finance company has collapsed its mortgage businesses, Tasman and United, continue to to trade at acceptable levels in a very tough market.
Fundamentals such as affordability suggest a decent correction in house prices is pending.
After a couple of weeks' respite, there has been another series of mortgage rate increases over the past few days from non-bank lenders.
Accountants throughout the country are offering an hour's free time to help struggling Blue Chip investors, the NZ Herald reported on Wednesday
Sir Bob Jones has been confirmed as a key note speaker at the Annual Conference taking place 25 and 26 October.
Housing NZ is selling 15 Auckland state houses for an expected $12 million windfall ahd has already put seven of them up for sale as part of a plan to exit the mansion market.
The mortgage market has been noticeably calmer over the past week with few changes in rates. After the recent general upswing in loan rates this will be welcome news for anyone who needs to refinance now.
House buyers are waiting for prices to drop, tenants are crying out against big rent hikes and sellers still have unrealistically high expectations.
While there is very little good news for borrowers over recent months there has been the slightest glimmer of hope this week.
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