New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
This is a summary of the political and regulatory news affecting the residential rental property industry
The New Zealand economy has been recovering from the recession. But slumping house sales are a significant risk to our optimistic outlook for the economy - NZIER Quarterly Predictions, June 2014
The Reserve Bank (RBNZ) has introduced new rules that will come into effect on the 30th of June this year. These rules will see rental property owners with five or more rental properties classed as either income producing real estate or small to medium enterprises (SME's).
The latest OECD Housing report claims that New Zealand house prices are 70% too high compared to rental prices. There are a number of reasons why this is inaccurate.
Pressures in the New Zealand housing market are easing gradually but risks remain, the Deputy Governor of the Reserve Bank, Grant Spencer, said in a speech today.
In a surprise move, the Reserve Bank has deemed any rental property owner with five or more rental properties as a corporate borrower. We reported on this in our last newsletter (see here) and now have more information plus how you can find out the affects on your borrowings.
Among the detail in Labour’s Monetary Policy Upgrade is ring-fencing of losses made in the early years of rental property ownership. A similar policy has been tried, failed and reversed in Australia. In the 2 year period it was law, Australian rents rose by over 25%.
Winning at the Tenancy Tribunal is just the first step in holding some tenants to account. However changes to the system for recovering debts came into place on April 14 and may make things a lot easier for rental property owners.
Residential properties with 2 or more stories and containing 3 or more units are to be covered by proposed Earthquake Strengthening regulations. The NZPIF have made a submission which you can see here
The Official Cash Rate (OCR) was raised twice recently, the first change since early 2009. Floating mortgage interest rates for most banks moved up by the same amount almost immediately. But what exactly is the OCR and how does it affect the mortgage interest rates we pay?
BNZ Economist Tony Alexander looks at Labour's kiwisaver policy in his weekly review
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