New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
An increase in the number of houses built in the South Island last month was offset by a fall in building numbers in the North Island, according to Statistics New Zealand’s latest data, out today.
Leasehold concerns are behind discount sales of Auckland apartments, according to real estate salespeople. It was reported today that a three-bedroom penthouse apartment on leasehold land on the waterfront of the Auckland CBD was sold of $330,000 – roughly half its CV of $625,000.
Home loan applications submitted to National Bank will be processed as normal and pending approvals will be honoured as the bank is absorbed by ANZ. It was announced yesterday that the National Bank brand will be scrapped in a process starting next month.
The proportion of investors planning to buy apartments in Auckland’s CBD is slowly increasing, according to Crockers research. Respondents to its latest survey have signalled the Auckland CBD and its surrounds are the areas most likely to experience growth in prices in the short term.
Higher Auckland prices are making servicing a mortgage much harder for Auckland families, Crockers latest research shows. Through 2012, mortgagee sales have been at record levels, running at a rate of 85 per month – 30 of which are in Auckland.
Former Richmastery head Phil Jones must pay his ex-wife $588,602. The couple left for the United States four years ago and Corinna Jones departed the business 11 months later, when the couple split.
Banks’ fight for customers continues with mortgage approvals topping $1 billion for the 22nd straight week in the week ended September 14. Reserve Bank figures show 6442 mortgages were approved in the week, worth $1.059 billion.
Economists are watching house prices with extra interest since it was announced that the Reserve Bank will now have to take asset prices into account in setting the Official Cash Rate.
First-home buyers can get on to the property ladder in Auckland if they adjust their expectations, says the city’s property investors association president, David Whitburn.
More investors will choose to put their money into even quite expensive properties as interest rates remain low, says BNZ chief economist Tony Alexander.
The new Reserve Bank Governor must increase the OCR if house prices rise rapidly, even if inflation is on target. Finance Minister Bill English and RBNZ Governor-Designate Graeme Wheeler signed a new Policy Targets Agreement (PTA) yesterday. The Reserve Bank Act states that the Governor is accountable for maintaining price stability.
An analysis of the listings on Trade Me shows the huge impact the Christchurch earthquakes have had on market behaviour across the region, says ANZ.
Auckland Property Investors Association president David Whitburn says he’s pleased to have an answer to the water charge debate, even if it wasn’t the one he wanted.
Vendors planning to follow in the footsteps of the Hamilton real estate agent who sold his investment property at a no-reserve auction should be very careful. That’s from property commentator Alistair Helm.
ANZ says in its latest Property Focus that it agrees with the Reserve Bank’s assessment that house price growth will be limited by households’ reduced appetite for debt.
Real estate agents are returning to the industry as the housing market heats up, but numbers are still well below their 2008 peak.
Property investment is not for everyone and those who understand it should look out for their less savvy friends and family, says BNZ chief economist Tony Alexander.
A widely-reported release from a financial advice firm indicating shares offer better returns than property investments has been slated by BNZ chief economist Tony Alexander. The data, released last week by Camelot Financial Group, showed investors with a portfolio of shares were more than twice better off than those who focused solely on property.
The Reserve Bank has kept its official cash rate at 2.50% and says little has changed since its previous Monetary Policy Statement in June. “New Zealand’s trading partner outlook remains weak,” Reserve Bank governor Alan Bollard said. “Several euro-area economies are in recession and Chinese growth has slowed. The risk of significant deterioration in the euro area persists.”
New Zealand’s lifestyle property market isn’t firing up to the same extent as the residential market, according to the latest REINZ rural statistics.
Study finds 40-year return on stocks more than twice that of property
The global recession was an opportunity for growth for one Kiwi consulting company, which is expanding its services into the Australian property market.
EECA has quietly done away with the $500 subsidy for heat pumps that was part of the Warm Up NZ scheme.
Landlords are left vulnerable by an unregulated property management industry, says the organiser of a petition calling for rental properties to be brought under the Real Estate Agents Act.
Almost 80 per cent of rental properties have some form of insulation, according to a survey by the New Zealand Property Investors Federation.
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