New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.
Phone: (03) 357 9243
The half a percentage point reduction in the Official Cash rate will be good for the economy and a welcome relieve for rental property owners. The timing of the interest rate cuts is excellent, coming just as building depreciation allowances are being removed for residential rental properties. However the interest rate cuts will not fully compensate for the tax changes that came into place on the first of April. In addition, rental prices only increased by an average 3% last year while general inflation was at 4%. Combined with an increase in demand and weak supply, almost everything is pointing to higher rental prices.
There is a particular risk that has showed up recently and that is building a property portfolio in a single area. The recent events such as the Christchurch earthquake and the Queensland floods have caused huge problems for the local populations and even loss of life. These natural disasters have also caused many problems for property investors and their tenants in both areas. These problems will have been especially bad for investors who had all their properties in the one area.
In my travels around the Property Investor Associations I have picked up on quite a few experienced members increasing their portfolios. In fact even some of the less experienced investors are learning to be counter cyclical from other members and either starting or expanding their investments.
RTA Amendments tabled again. QV Insider updates. Communication Meeting. Another special for NZPIF Conference.
Drugs in rental properties. Responsibility for Outgoings. Submission on the Unit Titles Bill. Changes to Associated Persons rules. Monthly reports from Thomas Chin. HERS and NZBCD proposal.
Meeting with Minister of Housing. Assisting with revision of RTA Amendment Bill (no 2). Second survey on property managers. CHRANZ Aged Housing Workshop.
Outlook for 2009. Property investors will find opportunities. Important to consider the hardship of others. Rents likely to rise.
The promise of the New Year. Opportunities this year for cash flow properties. Acknowledging our national sponsors. First Executive meeting on February 21.
Findings of the Survey for Ministry of Justice Review Team. Check the property market while in relaxed holiday mode. New style membership cards being designed. Best wishes for Christmas and the New Year.
New Minister of Building and Construction. Effects of the global economic crisis. Meeting of DBH National Customer Service Council. Survey for Ministry of Justice Review Team. 2008/2009 NZPIF Executive.
Martin Evans reviewed the last year for members at the AGM held on October 24 in Rotorua. This, he said, has been a year of change during which the NZ Property Investors' Federation has shown leadership.
In Martin's absence, Andrew King writes about the Housing NZ 'P' case, tenant damage in Christchurch, importance of regular inspections and of checking the details of the cover your insurance policy provides you.
The report covers Housing Affordability, Lawyers and Conveyancers Act, Housing Policies of the Kiwi Party, National Party, NZ First and Green Party.
Positive response to Code from media. Rental market slow around country. MPs appreciative of NZPIF input to RTA Bill. Recent visits to PIAs.
Code of Ethics launched. New Landlord of the Year Award. Comments to politicians on RTA Amendment Bill. Online transaction facility organised. High profile speaker’s tour of 7 Associations.
RTA Amendments tabled in Parliament. Annual Communications Meeting held. New National Sponsor - Generation Developments. 08/09 Agreement with DBH - New Landlord Seminars
This month Martin Evans is re-elected as President of NZPIF for a further term. The fifth ANZ Property Investment Survey findings are released and NZPIF is involved in exploring future needs for social housing.
During April we have a campaign to tell non member investors that they can tap into a lot of experience and knowledge by joining a PIA. I gain information from a Tenancy Services Customer Meeting and I outline our plans for lobbying between now and the election
Commerce Select Committee members were told today by Martin Evans, President of the NZ Property Investors’ Federation.
It was an interesting and often worrying year for property investors. The government led by Treasury blamed us for fueling the economy and forcing house prices out of reach of first homeowners. We explained that homeowners buy with their hearts and investors buy using their heads. Homeowners will pay anything to purchase the house they have fallen in love with. Whereas the investor will back off and look for the next opportunity, which have been few and far between in this market.
With the collapse of seven finance companies in the last 16 months, including three in the last eight days, Martin Evans, President of the NZ Property Investors� Federation, says that the worry for investors in managed funds and shares is the prospect of who might be next.
The property market at last seems to be cooling. This is good news for property investors as Treasury and the Government try to hurry the downturn in the property cycle by suggestions of restricting our business.
The NZPIF has presented a submission on information matching between Government Departments. We believe that No government agency or its processes should shield those who have broken laws or contracts or those who are deliberately avoiding their financial obligations.
During the past couple of years the Federation has made significant progress on many fronts...
Submission on the issues paper 'Repairs and Maintennance to the Tax Depreciation Rules'
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