New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
A drop in turnover and a lengthening in the average time it takes a property to sell will be the first signs of a slowdown in the residential housing market, Westpac chief economist Dominick Stephens says.
Activity is picking up in regional New Zealand ahead of the loan-to-value speed limit introduction at the end of the month, the Real Estate Institute says.
A record proportion of real estate agents say the market they’re operating in favours sellers, the latest BNZ-REINZ Residential Market Survey shows.
Rent controls proposed by Labour party leadership hopeful Grant Robertson have been panned by Act leader John Banks. He plans to introduce a private member's bill to get "rent stabilisation" across the city.
Loan-to-value speed limits won’t be removed until the Reserve Bank is convinced it won't prompt a resurgence in house prices, governor Graeme Wheeler said this morning.
Auckland Council has agreed on a proposed Unitary Plan and mayor Len Brown says it clears the way for action on housing affordability.
House prices will increase for some time yet despite the introduction of loan-to-value speed limits at the end of the month, QV research director Jonno Ingerson says.
A shortage of builders means that the rate of house construction is not going to lift much, no matter how much land is freed up, says BNZ chief economist Tony Alexander.
Auckland’s average price is slowly dropping, the city’s biggest real estate agency reports. Barfoot and Thompson’s average sales price in August was $647,647, more than $6700 lower than in July and more than $2200 lower than in June.
Parents are offering their equity as security or increasing their own debt to provide deposits for their first-home buyer children, an Auckland broker says.
Few Auckland landlords completely understand widespread changes to the way insurance policies work, new research shows.
Office space is driving improving commercial property returns, the latest Property Council New Zealand/IPD New Zealand All Property Index returns show.
Listings are up but not enough to keep pace with buyer demand, the latest property report from Realestate.co.nz shows.
Landlords who charge a “pet bond” must make sure it does not equate to more than four weeks’ rent, says Auckland Property Investors Association president David Whitburn.
Macroprudential tools, such as loan-to-value restrictions, have modest effects that tend to be short-lived, Westpac economist Michael Gordon says.
Barfoot and Thompson says Auckland property price rises over the past ten years are similar to the returns delivered by other forms of investment over the period.
Whether house sales stall in the face of easing mortgage approvals and higher interest rates will be seen over the next few months, ANZ’s economists say.
Investors may lose money unless a legal loophole is closed, a property expert says. The loophole allows property developers to exercise a "sunset clause" in property purchase agreements where the agreement is entered before the property’s construction has been completed.
Loan-to-value restrictions may boost other parts of the New Zealand property market as buyers turn their attention away from Auckland, says BNZ chief economist Tony Alexander.
New Zealand's rate of cash sales does not indicate any increasing presence of foreign buyers in the market, Property IQ says. The firm of property analysts said it wanted to tackle the question of how many buyers were from overseas, in response to anecdotal information about people paying over the odds, particularly for Auckland property.
The New Zealand Property Investors’ Federation believe there are good and bad points about the Reserve Banks restrictions on low equity loans.
The Reserve Bank says that from October 1 banks will not be allowed to write more than 10% of their loans above the 80% LVR mark. Reserve Bank Governor Graeme Wheeler today announced that from 1 October banks will be subject to restrictions on high loan-to-value ratio (LVR) housing mortgage loans.
Kiwibank says it will give priority to first-home buyers with small deposits, over investors in the same position. Reserve Bank governor Graeme Wheeler announced today that from October 1, banks will only be able to have 10% of their lending to borrowers with equity of less than 20%.
Kiwibank is offering to tell Christchurch buyers how well their homes use energy. It is offering free “energy audits” for people who take out new Kiwibank home loans.Canterbury Growth General Manager Tracey Berry said the bank was working with Community Energy Action to offer the service as a contribution to the rebuild in Canterbury after the earthquakes.
Concerns about rising house prices are exaggerated, says Property IQ spokesman Jonno Ingerson. He spoke at the Bankers Association yesterday, where he said price growth of 13% year-on-year in Auckland was muchless than had been seen in previous property booms.
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