New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
Investors are very confident about the future prospects of commercial property investment in New Zealand, delivering another quarter of enthusiastic responses. Confidence is at a net positive 28%, just shy of the record high set at the end of 2013, according to the latest Colliers International investor confidence survey.
The association representing Kiwi landlords is disappointed the Labour Party is misleading the public about their proposed capital gains tax, which they plan to apply to all asset classes except the family home.
The following is a summary of political developments and regulatory risks affecting the residential rental property industry.
The Reserve Bank today released the March 2014 edition of the Reserve Bank Bulletin.
Kiwi landlords are not to blame for a decrease in Kiwi home-ownership.
The Westpac Investment Report released today highlights in which cities gains are being made
The NZ Property Investors Federation (NZPIF) supports the focus on heating and Insulation in Phil Twyford’s Healthy Homes Guarantee Bill.
More New Zealanders are using electricity to heat their homes and fewer are using gas, wood, or coal, according to census results released by Statistics New Zealand today.
The national federation representing Kiwi landlords is warning against progressing with the flawed rental WOF scheme, claiming its trialed roll-out is raising serious concerns for both tenants and landlords.
Statement by the Governor of the Reserve Bank today
The REINZ information shows that property investors as well as first home buyers have left the market.
REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 6,125 dwelling sales in the month of February, down 7.6% on February last year, but up 29.8% compared to January
Provisional data from New Zealand’s largest real estate group Harcourts for the month of February shows there is continued pressure on the housing market in Auckland and Northland. The group said its average sales price had reached $644,613 – up 13% on the same time last year.
The Bank of New Zealand’s Nine Rewards Consumer Trends Survey indicates that interest in buying residential rental property has almost doubled since the LVRs were introduced
More people are interested in buying investment properties since the loan-to-value rules kicked in, the latest BNZ Consumer Confidence survey shows. It found a net 45% of the respondents are confident that the economy will improve over the next year.
Sellers were asking more for their properties than ever before in February, according to real estate listing website Realestate.co.nz. The site reported a national, seasonally-adjusted mean asking price of $483,099.
Low rents are discouraging people from buying their own homes, according to the New Zealand Property Investors Federation (NZPIF). NZPIF executive officer Andrew King said the cost of owning an average home was about $138 a week more than the cost of renting a similar property.
A drop in building consents in January wasn’t enough to reverse a trend of increasing construction activity, Statistics NZ said today. “The trend for new dwellings has doubled since the historic low point in March 2011, but is still 28% below the peak in January 2004,” industry and labour statistics manager Blair Cardno said.
Immigration has hit its highest pace in more than 10 years, and that is expected to put further pressure on house prices. There was a net gain of 3090 people in January, taking the annual total to more than 25,000 – the highest rate since 2004. ANZ’s economists said the influx of people was pushing up demand for housing and supply was still tight.
Trade Me has increased its charges for rental property listings, and landlords are not happy about it. It still costs $99 to list a rental property with an asking rent of less than $400 per week. But the fee to list a property that will rent for between $400 and $799 a week has increased to $129, and a property with an asking rent of $800 or more now costs $149 to advertise.
Napier and Wellington have experienced the biggest drops in first-home buyer numbers since the loan-to-value restrictions kicked in, Property IQ data shows. Both have reported a drop of 5.4% in first-home buyers since the rules took hold.
On paper it sounds like a great idea. A checklist for rental properties which, if mandatory, would ensure that the 31 per cent of the population who rent are in liveable homes. Increasingly, though, there are murmurs from landlords and real estate agents about whether the rental "warrant of fitness" idea being proposed at council level will improve the tenant's lot.
Almost all areas of Auckland and sizes of properties reported rent increases in January, according to Crockers’ latest report. The biggest rental increase for three-bedroom properties was seen in the Birkenhead/Northcote Point area. Their average weekly rent increased 11% compared to the year before.
New Zealand’s housing market is firmly in slowdown mode, Westpac’s chief economist says. Dominick Stephens said data from QV and REINZ confirmed the beginning of a trend. He said the fall in sales was most noticeable in the cheaper end of the market and had hit all regions except Queenstown.
Rising housing construction costs will underpin the prices of existing homes, BNZ’s chief economist says. Average residential construction costs rose 1.1% in the December quarter to sit 4.5% higher than a year earlier.
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