New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
Loan-to-value restrictions have the potential to affect the lifestyle property market but there is no sign of them doing so yet, the Real Estate Institute’s rural spokesman says.
There is no way of knowing how long loan-to-value restrictions might affect the housing market throughout this year, BNZ chief economist Tony Alexander says. He said house prices would continue to rise as the imbalance between demand and supply at current prices showed no sign of letting up.
There has been a clear move towards owner-occupied apartments in Auckland, says Martin Dunn, of City Sales. The apartment-specialist real estate agency has been operating for 16 years. Dunn said its apartment sales had traditionally been split at 30% to owner-occupiers and 70% to investors. But in October, November, December, that had changed to 37%, 48% and 44% owner-occupiers, respectively.
Banks are willing to turn a blind eye to borrowers who use personal loans from other lenders to pull together their deposits, says Harcourts chief executive Hayden Duncan.
Demographia's latest survey of housing affordability paints a depressing picture for New Zealand. But is it as bad as Deographia make it out to be?
Andrew King was interviewed on RadioLive Monday 20th January regarding a house in Auckland which had been trashed by tenants
Criteria used to describe New Zealand’s housing as unaffordable are too simplistic and do not take into account the cost of borrowing, the New Zealand Property Investors Federation says. The Demographia survey compares housing costs in nine countries.
Sales numbers are falling, especially in the cheaper price brackets, the latest data from the Real Estate Institute shows. In December, there were 5688 residential sales, down 1.1% on the same time in 2012 and a drop of 18.3% compared to November.
Aucklanders spend significantly more of their incomes on housing than people in any other part of the country, Crockers research shows.
Over the month, there have been some noteworthy policy and regulatory developments potentially affecting New Zealand’s housing/rental property landscape. In this report, we outline these recent developments and flag other changes or developments that can be expected over the coming months.
Wellington is probably the best place in New Zealand to be a landlord at present, Trade Me says. It has released its analysis of the final quarter of last year. Christchurch again reported strong growth in listings and Auckland’s were stable but Wellington showed a sharp decline.
The first sign of the impact of loan-to-value restrictions has been a drop in the number of listings, Quotable Value says.
Northland baches were the most popular rentals over the Christmas and New Year period, figures from Bookabach show.
Things are looking up for borrowers with small deposits, as mainstream banks indicate they are getting back into the market.
The number of properties being listed for sale dropped dramatically in December, the latest report from realestate.co.nz shows.
Houses in the cheapest price brackets were not sold as frequently as more expensive homes in December, continuing a trend spotted in November.
A two-tier interest rate system, with higher rates for investors, would be a better option than loan-to-value restrictions, one commentator says.
Lifestyle property turnover has lifted almost 10% on the same time last year, the latest Real Estate Institute rural statistics show.
Commercial property investor confidence rose in the December quarter and is now higher than it has ever been, Colliers International says.
Property prices are likely to continue to rise in Auckland but will have to come off the boil a bit, says commentator Alistair Helm.
Auckland Property Investors Association president David Whitburn says he would like to see longer due diligence periods for buyers, after a High Court decision last week that overturned an agent’s charge of negligence.
New Zealand’s property market is stuck in a hiatus, trapped between strong migration and price expectations on one hand and the introduction of LVR restrictions and an impending hike in the official cash rate on the other, ANZ’s economists say.
Noise about the prospect of increasing interest rates is unlikely to dampen the property market much next year, says commentator Olly Newland. He said it would be “business as usual” no matter what noises were made by politicians.
Rental property warrants of fitness aren’t necessary, the New Zealand Property Investors Federation says. It was yesterday revealed that a trial of WOFs for rental properties – both private and council-owned – will start across the country in January. Councils said there were concerns that the housing stock was substandard and contributing to poor health.
Private rental properties will come under the spotlight in new council “warrant of fitness” testing. From January, 25 rental properties in Auckland, Tauranga, Wellington, Christchurch and Dunedin will be tested against 31 criteria, including things such as warmth, dryness, mould, dampness, injury risk, sanitation, and living needs.
Results: 201-225 of 1965
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