New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
Capital gain is still overwhelming the main reason why people choose to buy an investment property, the latest Crockers Property Investment Index survey shows.
A capital gains tax has been recommended by Treasury, as a long-term measure to keep a lid on house prices. The recommendations were part of a series of documents about loan-to-value restrictions, released today.
A shortage of commercial real estate is looming as New Zealand businesses bounce back from the recession, real estate agency Knight Frank says.
Agents and vendors need to consider listing properties with listed prices, or by negotiation, if they want to continue to attract a range of buyers, brokers say.
A shortage is looming in lifestyle properties, particularly around the main centres, the Real Estate Institute says. There was a 23% increase in sales volume in the three months to September 2013 compared to the same time the year before.
Outright house price falls are likely by 2016, when mortgage rates will have reached more than 7%, Westpac’s economists say.
Homeowners hoping to bargain with their banks are calling on valuers for assistance.
Auckland commercial property investors are the most positive in the country about the year ahead, a new survey shows.
NZPIF rejects the Financial Services Council’s claim
New record median prices were reported in Auckland and Canterbury/Westland last month, as the national median returned to its March high of $400,000, the latest Real Estate Institute figures show.
Property investors are the early winners from the Reserve Bank’s loan-to-value speed limits.
Labour is the clear winner with its housing policies at the moment, says Auckland Property Investors Association president David Whitburn.
National housing affordability improved by 1.47% over the August quarter, the latest Massey University Home Affordability Report shows.
The Reserve Bank expects sales volume to drop by about 5% due to the loan-to-value speed limit restrictions it introduced this month.
QV is expecting a short-term flurry of activity as people who have been preapproved for loans get their housing deals done.
The first of Auckland’s “special housing areas” have been announced and more will be revealed by Christmas. Consent applications in those areas will be able to be considered by the council under the fast-tracked mechanisms in the legislation, which require approvals within six months for greenfields developments, compared to the average three years.
Affordability won't improve until there are enough houses built to cater for New Zealand's growing population, real estate group Harcourts says.
Property investors are wary about the possible impact of new loan-to-value restrictions, the latest ANZ Property Investment Survey shows.
A return to more normal interest rates might have more of an impact on house prices than the new LVR restrictions, says BNZ.
Two major Auckland real estate agencies can’t agree on whether the new LVR restrictions made a difference to the market last month.
It could be up to six months before it’s clear whether the Reserve Bank’s new loan-to-value speed limits have made any difference to the Auckland property market, says real estate agency Barfoot and Thompson.
The Banking Ombudsman is expecting the new loan-to-value speed limits to cause a spike in mortgage-related issues. The restrictions came into force yesterday and require banks to keep their low-deposit lending to no more than 10% of their new loans.
After two years of growth, the trend for new house consents appears to be flattening, Statistics New Zealand says. That's not good news for Auckland, where a lack of supply is being blamed for soaring house prices.
First-home buyers in the regions will be given a 10% deposit from the Government if they buy state houses that are not needed by the Government. The FirstHome initiative has been announced by Housing Minister Nick Smith.
The housing market will hesitate for a few weeks once the loan-to-value speed limits are introduced tomorrow before getting back into business as usual, property commentator Olly Newland says.
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