New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
The NZPIF has negotiated further discount deals with an Insulation supplier and a heatpump supplier.
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.
New Tenancy Tribunal application forms for landlords and tenants will be launched at the start of August. The forms will be able to be filed online.
House prices may be soaring but rents don’t seem to be going anywhere fast in the country’s biggest city.
Wellington real estate agents were the best paid in the country last year, according to Properazzi’s Alistair Helm.
Migration to New Zealand is providing more fuel to the property market. Both Auckland and Christchurch are struggling under housing supply shortages.
Interest rates will eventually have to rise a lot more than people are thinking because loan-to-value restrictions will not have the expected consequences, BNZ chief economist Tony Alexander says.
Low Auckland rents are creating a generation of home buyers with unrealistic expectations, Auckland Property Investors Association administrator Sarina Yang says.
House prices are likely to rise for the next three years, says BNZ chief economist Tony Alexander.
Supply shortages are likely to only get worse, according to the latest BNZ/REINZ survey.
The number of properties available for sale in Auckland and Christchurch is down 16.7% and 21.7% respectively on the same time last year, Harcourts says in its latest MarketWatch report.
BNZ chief economist Tony Alexander has proposed some radical solutions to the housing affordability problems but says the likelihood of them being implemented is not strong.
The Reserve Bank holds rates, worries about house prices and the exchange rate and still considers its new tools.
The number of houses sold in May was 7.5% up on the same time last year but sellers are still not being tempted into the market in numbers great enough to ease the supply shortages, the latest Real Estate Institute figures show.
Apartment purchasers are being caught out by legislation that requires developments to have a maintenance plan - but not the money needed to implement it.
New Zealanders’ fear of urban sprawl is misplaced, says a new report into New Zealand’s lack of housing affordability.
Property values will continue to rise over the coming months, Quotable Value predicts, and Auckland's hot market may be prompting some buyers to make hasty decisions.
Interest-rate rises are looming, with some pundits picking floating rates to be at 7 per cent by the end of next year.
Auckland house prices were steady through May, Barfoot and Thompson says. The city’s biggest real estate agency reported that the average sales price in the month was $644,737, an increase of less than $2000 on the April price and $1500 below March’s record. The median sales price was $570,000, $4000 up on April and $10,000 down on March.
Building work increased by its biggest margin in 10 years in the March quarter, data from Statistics NZ shows. Residential construction activity increased 12% in the quarter.
Reserve Bank governor Graeme Wheeler is so worried about what a house price correction could do to the stability of the banking system that loan-to-value restrictions may be only days away, BNZ says.
Buyers are as keen as ever to purchase properties, the latest Realestate.co.nz report says, but there still aren’t enough listings available to satisfy demand. And that is pushing asking prices to record highs.
Government funds may be fuelling the increase in house prices, via the country’s KiwiSaver accounts. BNZ’s head of research said New Zealanders using their KiwiSaver accounts to purchase a first home were a concern.
Latest market statistics from the REINZ show that while median house prices have increased over the last year, 90% of the increase came from Auckland and Canterbury, with most of the increase coming from Auckland. These two areas accounted for just over half of all property sales in New Zealand.
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