New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
This is the property and economic update for March 2017
From next month, Accessible Properties will take over 1138 social houses and tenancies owned by Housing New Zealand. “This is the first regional, large-scale transfer of Government-owned social houses to a community housing provider. They are a major plank of our plan to improve social housing,” says Social Housing Minister Amy Adams.
A statement by Reserve Bank Governor Graeme Wheeler
Building and Construction Minister Dr Nick Smith has welcomed the Ministry of Business Innovation and Employment’s (MBIE) Tenancy Compliance and Investigations Team’s first successful prosecution of a landlord for renting a substandard property, under the Government’s tenancy law reform passed last year.
If you are not a member of a local Property Investors' Association, read on and tell us what you would like as a member by taking our survey. If you are already a member, send this item on to a friend who is a property investor but not a member.
What you need to know about insuring your investment property.
Statistics New Zealand this week released updated projections of population growth for NZ regions and local authority areas out to 2043. Almost all areas have seen improvements on the back of higher net immigration flows, but still there are 17 areas where population decline is projected. We republish their tables so people looking at the regions and perhaps investing outside the main centres can have realistic views on how much future demand for housing there may be.
This Housing Confidence report has been prepared by Kim Mundy, ASB economist
In a speech to Massey University and the Auckland Chamber of Commerce, Steven Joyce says at a time when many parts of the world face significant political and economic risks, the outlook for New Zealand is positive. Businesses are investing, job growth is solid and wages are rising faster than inflation.
Statement by Reserve Bank Governor Graeme Wheeler
The current Health and Safety legislation imposes requirements on the landlords of rental property.
An advocacy group Renters United is worried the TINZ tenant checking system could be abused. TINZ allows landlords to rate tenants at the end of their tenancy and see how other landlords have rated applicants.
“Recent CoreLogic data shows that flipping or rapid on-selling of houses is not as common as people may believe” says Andrew King, Executive Officer of the NZ Property Investors’ Federation
The New Zealand Property Investors' Federation (NZPIF) rejects accusation made against rental property providers by the Monte Cecilia Housing Trust.
For the last few years we have been inundated with media articles and opinion pieces on how we have a housing crisis and that the young are doomed to be tenants for life.
The draft NZ Standard for meth is now open for public consultation. Submissions close on 20 February 2017.
Prime Minister Bill English has today announced his new Cabinet line-up which builds on the success of the last eight years and provides new ideas and energy heading into election year.
This year has been quite a tough one for our industry, at least politically. The Reserve Bank has made financing rentals much harder, the courts have made us pay for our tenants damage and meth has continued to take off and act like a grenade being thrown around threatening to blow up our investments.
Just a few days ago I marked the anniversary of my eighth year as Prime Minister and my tenth as leader of the National Party. Such an occasion seems a fitting time to not only take stock of the past 10 years, but to look forward.
A new social housing complex of 120 apartments is to be built on surplus Crown land and an adjoining Housing New Zealand site in Auckland in partnership with local iwi, Ministers Paula Bennett and Nick Smith have announced.
Andrew King reports on the NZPIF has had meetings with Housing Minister Dr Nick Smith and outlines all the discussion which is going on behind the scenes.
The much anticipated report on acceptable levels of meth contamination was released recently by the Ministry of Health. The main finding of the report is that the current levels of acceptable meth contamination are to be amended.
A technical investigation into the performance of buildings such as Statistics House at CentrePort will be undertaken to help inform improved building regulation, Building and Housing Minister Dr Nick Smith says.
Statement by Reserve Bank Governor Graeme Wheeler:
More emergency housing places, more support for tenants and more frontline staff have been funded in the next step in the Government’s comprehensive housing plan.
The NZ Property Investor's Federation annual conference was recently held in New Plymouth and was an outstanding success.
Since the President's report was delivered, progress had been made in several areas outlined in the report. The changes have been added in red.
The 2016 ANZ Residential Property Survey results show the impact of the LVR restrictions on investors’ ability to purchase more property or change their investment strategies
The Government is considering changes to the Residential Tenancy Act over when property damage costs can be reclaimed from tenants, Building and Housing Minister Dr Nick Smith says.
The Government has granted nearly $2.5 million in assistance to help people move from social housing to sustainable private housing, freeing up places for those who need it most, Social Housing Minister Paula Bennett says.
In last month's article I discussed the ramifications of the court's decision to exemplify tenants from responsibility for any damage that they cause to their rental property.
The NZPIF recently surveyed members to estimate the cost of damage claims over the past year. Read the background to this request and how the NZPIF is working hard to ensure that landlords do not bear the full financial burden of unintentional damage and neither are tenants financially ruined through a mistake or accident.
Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.0 percent.
A target of around 3000 emergency housing places funded per year has been exceeded and Social Housing Minister Paula Bennett is seeking even more places to help house vulnerable New Zealanders.
The Government’s Social Housing Reform Programme is on track with more social housing available in Auckland and more on the way, says Social Housing Minister Paula Bennett.
Parliament has today passed housing legislation which will ensure house building momentum continues in Auckland and enable the Special Housing Area (SHA) process to be used in other areas for a further three years, Building and Housing Minister Dr Nick Smith says
n 2009, a tenant called Mrs Osaki left a pot of oil unattended on the stove. A fire broke out that caused over $200,000 of damage. The property was repaired through the owners insurance, but the insurance company decided to seek the cost of the damage from the Osaki's.
The Reserve Bank today confirmed that new rules tighten restrictions on bank lending to residential property buyers throughout New Zealand.
Building and Housing Minister Dr Nick Smith today released for consultation regulations approved by Cabinet on Monday for the new earthquake-prone building legislation.
New guidelines on how to effectively install insulation are being welcomed by Building and Housing Minister Dr Nick Smith.
Our quarterly BNZ Confidence Survey of 14,000 Weekly Overview recipients elicited over 570 responses this time around, the vast majority of which were positive
Members may have heard or viewed various reports in the media in recent weeks about the issue of residual methamphetamine in rental accommodation. This communication is intended as a summary of some key points that have emerged from the ongoing debate about the subject:
Auckland Council’s notification today of its new Unitary Plan is an historic step in enabling New Zealand’s largest city to better grow and prosper, Environment Minister Dr Nick Smith says.
Consultation on proposed changes to the Building Code to strengthen steel reinforcing mesh testing requirements has opened today, Building and Housing Minister Dr Nick Smith says.
IHC subsidiary Accessible Properties has been chosen as the preferred provider to take over the ownership of Housing New Zealand’s properties in Tauranga, Ministers Bill English and Paula Bennett say.
The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.
“There are good and bad aspects of the Greens’ Residential Tenancies (Safe and Secure Rentals) Amendment Bill which was selected from the ballot today” says Andrew King, Executive Officer of the NZ Property Investors’ Federation.
During the July/August period, Andrew King has been interviewed by a variety of media about the minimum standards for rental properties which came into force on July 1, about the Labour Party policy announcements. changes in Reserve Bank policy on levels of LVR for property investors, and the Green Party's housing bill. Six NZPIF media releases have been distributed on these issues as well.
I was expecting this year to be relatively quiet on the advocacy front, but oh boy, how wrong I was.
The Government is increasing the income and house price caps of the KiwiSaver HomeStart scheme to ensure it meets its objectives of helping New Zealanders buy their first home, Building and Housing Minister Dr Nick Smith says.
Results: 1-50 of 2291
Need help or