New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
TAX WORKING GROUP - Recommendations The final report of the Victoria University Tax Working Group was released on 20 January. Residential rental property has been particularly targeted because of the apparent “hole” in the tax base.
The revival in residential construction stalled last month in what was a tough December for house vendors, though non-residential building perked up to end the year flat.
Property remained the most favoured investment class in the last quarter despite property tax to be introduced in the next budget according to the ASB Investor Confidence survey.
The housing market is showing signs of flattening, after rebounding in the middle of last year, according to ANZ's latest property gauges.
Tax recommendations presented to the Government have been criticised as "an orchestrated attack on residential landlords" by the Property Investors' Federation vice-president.
Real estate industry insiders have mixed views on some of the Tax Working Groups recommendations, which are designed to start taxing property investments harder.
Press Release: The Property Investors’ Federation is concerned about the high level of misinformation around taxation of rental property.
Residential property investors face a double-whammy under proposals unveiled today by the Tax Working Group which could raise $2 billion from a sector currently costing taxpayers $150 million a year.
House prices rose in 11 of the 12 regions throughout the country in December last year. Find out what else is happening in the main areas.
The Inland Revenue is sticking with its controversial views on depreciation of residential rental property - but not winning a lot of support.
New Zealand house prices edged up in December as the property market continued to recover from its trough last year, though activity was at a "concerning" low level.
With a few grey clouds on the horizon, caution prevails for many property investors around the country.
The pace of residential home-building continues to pick up, although few new apartments are being built and non-residential construction is down across most sectors, according to November 2009 building consent totals released this morning by Statistics New Zealand.
The contentious issue around how depreciation of residential rental property items has resurfaced in a very low key manner.
RESIDENTIAL TENANCIES AMENDMENT BILL - 2nd reading commenced. The Government commenced the second reading debate of the Residential Tenancies Amendment Bill on 8 December. This process basically means that Parliament is asked to adopt the bill as reported back, with amendments from the Social Services Select committee.
House values rose 2.8% last year after they hit a bottom in April, and steadily improved from there, according to QV Valuations.
At the beginning of a New Year where growth in the housing market is still tentative, predicting the year ahead requires psychic abilities. We do the next best thing and talk to experts on what they think will happen in 2010.
Need help or