New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
Builders say they have seen inquiries drop by more than a quarter since the introduction of loan-to-value restrictions.
Interest rates will need to rise quickly next year if the loan-to-value restrictions don’t make a big enough dent in Auckland’s house prices, the NZIER says.
Predictions that mortgage rates will start to rise significantly next year should serve as a wake-up call for property investors, the NZ Property Investors Federation says.
Curbing property investment is a Dominion Post reader’s solution to New Zealand’s current housing crisis. However, this solution demonstrates confusion between property speculators and property investors.
The Reserve Bank has predicted that floating mortgage rates will rise to 7 or 8 percent over the next two or three years. “This is a wake up call for rental property owners,” said Andrew King, Executive Officer of the NZ Property Investors’ Federation.
A sharp turnaround in migration is going to put a lot of pressure on the housing market. New Zealand had a seasonally adjusted net gain (more arrivals than departures) of 3000 migrants in October 2013.
Competition for properties may force landlords’ yields to all-time lows, Jones Lang LaSalle research analyst Sarah Dominey says.
New Zealand is at risk of a house price fall, the OECD says in its latest economic outlook forecast. Real house prices have risen 88% since the start of 2000, the biggest increase in the OECD.
Claims that the absence of first-home buyers in the property market is due to rising prices are not correct, says the chief economist of the BNZ, Tony Alexander.
Money paid in GST on new house builds should go back to local councils, The New Zealand Initiative’s latest housing report says.
The result of this survey supports the data from other sources that shows first home buyers are giving up hope of making a property purchase in the near future. However a net 6% or responding agents say that they are seeing a increase in investors looking to make a purchase.
Lifestyle blocks at the top of the country are proving popular, the latest Real Estate Institute figures show. Northland had the largest increase in year-on-year sales of lifestyle blocks in the three months to October, up by 73. Auckland followed, with 52 more sales this year than last.
Landlord returns are dropping as rent rises fail to keep pace with the increase in Auckland house prices, Barfoot and Thompson figures show.
Landlords say they are not to blame for rising rents.
“The impact of rent increases low income groups in Auckland is not good for anyone”, said Andrew King, Executive Officer of the NZ Property Investors’ Federation, in response to a Salvation Army’ report by social policy analyst Alan Johnson.
Rent increases are bad news for everyone, the New Zealand Property Investors Federation says. The Salvation Army has released a report which says that rent rises over the past five years have made all low-income groups in Auckland, except superannuitants, worse off in real terms.
Real estate agents say first-home buyers are deserting the market as the loan-to-value restrictions take effect. In the latest BNZ/REINZ survey of real estate agents, 78% said they were seeing fewer first-home buyers than in the previous month.
Marcus Lush talks to Andrew about the situation of a young woman living in a mould-ridden unit in Auckland
Buying in a slightly different suburb could save homeowners hundreds of thousands of dollars and carve up to 10 or more years off their mortgage, Westpac says.
“No tenant should have to live in a mould-ridden unit,” said Andrew King, Executive Officer of the NZ Property Investors’ Federation the national organisation representing landlords
Low-deposit loans for housing construction make up a very small part of the mortgage market, the Reserve Bank said today.
Sales volumes eased in October but prices continued to rise, the latest data from the Real Estate Institute shows. There were 6778 residential property sales in the month, up 2.1% on October last year and up 0.9% compared to September.
There are more people pleased that house prices are rising than worried about them, BNZ’s latest consumer confidence report shows.
Labour took the opportunity to unveil its Kiwibuild policy at their conference last weekend. The leader, David Cunliffe, announced that the party would build 10,000 homes in Canterbury over four years as part of this new policy.
Builders have a clear message for the Government: Hands off our industry.
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