New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
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.
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.
The Government is investing $9 million over two years in the next steps of its programme to support the most vulnerable New Zealanders’ housing needs, Social Housing Minister Paula Bennett says.
You can now come in to Bunnings stores and request a quote to have new insulation installed in your rental properties and homes that will comply with the new laws. It’s that easy!
Since the announcement of our partnership, MyRepublic have been inundated with enquiries from members interested in getting fibre at home, at their rental properties for tenants and at the office.
Guthrie Bowron is New Zealand’s decorating specialists, and are proud to have been a trusted New Zealand brand since 1896.
Here is a free resource form ANZ that will keep you in touch with the latest developments in the property market - and what may happen in the future. From a quick overview of market trends to in-depth reviews of key issues, the Property Focus is essential reading for anyone interested in the property market.
The Reserve Bank has today released a consultation paper proposing changes to loan-to-value restrictions (LVRs) to further mitigate risks to financial stability arising from the current boom in house prices.
One of the Reserve Bank's tasks is to keep inflation between 1% and 3%. It appears that the purpose of the LVR tightening is to allow the Reserve Bank to lower interest rates, thereby stimulating the economy and lowering the NZ dollar.
Brian Fallow's extraordinary opinion piece against rental property owners demands a reply. His view has been fixed since he became a journalist and there appears to be no way that they will change. However New Zealand deserves to hear the complete story.
Last week Labour leader, Andrew Little, said he was announcing new measures that he maintained were aimed at traders and speculators, not investors providing rental accommodation. Labour is proposing to target rental property owners with an extension to the Bright Line Test and by banning negative gearing.
When asked by a journalist yesterday if any of Labour’s housing announcements would target investors, Andrew Little clarified that they would target speculators, "those looking to for short term gain in the housing market."
The Reserve Bank has stated that housing supply is the real issue in house price increases. However because they cannot influence supply, they are threatening rental property providers with tighter Loan-to-Value Ratios (LVRs) and Limits on Debt-to-Income ratios (DTIs).
A key benefit of belonging to a Property Investors’ Association is access to special pricing deals by a number of companies. You can save money on a variety of goods and services that all property investors need, including DIY products, insurance, mortgages, smoke alarms and various subscriptions to data.
Following QV's monthly housing report released today, the Prime Minister’s advice to further hinder the provision of rental properties in New Zealand is misguided.
Andrew King, Executive Officer of the NZPIF, looks into the facts behind the media hype
The Prime Minister today announced a new $1 billion Housing Infrastructure Fund to accelerate the supply of new housing where it’s needed most, Finance Minister Bill English and Building and Housing Minister Dr Nick Smith say.
Over May and June, Andrew King has been interviewed by representatives of the media on a number of occasions. First of all he was asked for comment on the housing aspects of the 2016 Budget. Then the change of the Tenancy law requiring minimum standards for rentals became the hot issue as the end of June approached.
Tenancy law changes covering smoke alarms, insulation, enforcement of standards and property abandonment come into effect tomorrow, Building and Housing Minister Dr Nick Smith says
It is worth looking at the heating options offered by Infracomfort. They have reduced pricing and have a new product to offer.
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