New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
HOME OWNERSHIP – Govt policy During the month the Minister of Housing Phil Heatley announced that State house tenants would have the option to buy the house they are living in from Housing New Zealand Corporation from mid September. This is a fulfilment of the National Government’s election promise.
New Zealand home building approvals rose for a second month, spurred by consents for apartments, stoking optimism the central bank's policy of record-low interest rates and a pick-up in net migration is reviving demand in the property market.
Buy-to-let landlords who invested in "cheap" areas are at the sharp end of a housing slump which has seen a record number of mortgagee sales.
The Unit Titles Bill currently before Parliament's Social Services committee will make setting up unit title developments easier and more flexible.
The accidental landlord syndrome is being perpetuated by immigrants unable to sell their properties back home.
The housing market will continue to prosper after net migration increased to its strongest rate in nearly six years last month, as migrants stoke demand for new property.
The Nelson suburb of Stoke survived the housing slump in the strongest shape - while Central Auckland copped the heaviest hammering.
All main trading banks have agreed to join the government's insulation and heating scheme, and have agreed to waive fees for top-up loans home owners get as part of insulation retrofits.
Delayed settlements can be a risky strategy for property investors, with no magic bullet clause purchasers can insert into the agreement that will protect them.
A recovery in property prices will be delayed by rising deposit rates as they put pressure on long-term lending costs, according to the ANZ National Bank.
ANZ National Bank’s eight gauges of the housing market found property was underpinned by strong net migration, but the outlook was still hazy with the correction “yet to fully pan out.”
The Reserve Bank has revised downward a prediction median house prices will fall up to 20 per cent in the recession, though sales volumes appear to be falling.
Reserve Bank of New Zealand Governor Alan Bollard held the official cash rate at 2.5%, pointing to signs of stabilisation in global economic activity and resilience in the domestic economy.
May figures from the Real Estate Institute of New Zealand (REINZ) show prices have fallen slightly across the country, but volumes remain steady. Find out how your region is doing.
New Zealand residential property prices slipped in May, after three straight monthly gains, while the volume of sales held up in a market suffering from "an acute shortage of houses," according to the Real Estate Institute (REINZ).
Tenancy groups are concerned over the proposed changes to the Residential Tenancies Amendment (RTA) Bill, saying they should encourage good practice rather than trying to bring fines and charges against tenants.
New Zealand's total building work fell by a smaller-than-expected 0.7% in the first quarter, though the decline is set to accelerate in the latest three months following a slump in construction permits.
The property market is showing signs of stabilising, but an industry expert says the latest QV statistics are merely a "blip" and the market will continue to slide.
New Zealand property values continued to stabilise in May with cheaper mortgage rates making housing more affordable, after a rough year in 2008.
The latest figures from Quotable Value reflect the pick-up in the housing market, with property values improving across the country.
The property market extended its gains this year, with May's monthly sales continuing to improve after an "abysmal" year in 2008.
A capital gains tax on property investment is definitely not on the Government's agenda, says Housing Minister Phil Heatley.
The amended No Asset Procedure (NAP) bill, which reforms the 2006 Insolvency Act, will make it easier for landlords to make better-informed decisions on tenants and who to let their rental properties to.
Housing demand in Auckland continued to revive last month, with real estate firm Barfoot & Thompson (B&T) reporting its best month of trading in two years.
They wrote it, they support it, but after the National Party introduced The Residential Tenancies Amendment Bill to Parliament, the Labour Party says it still needs changes.
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