New Zealand Property Investors' Federation

The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.

(027) 357 9243

www@nzpif.org.nz

Federation Activities

April 2014

ANZ Bank: Banking packages that are too good to ignore. Click here

Issue 4 of the NZ Property Investors Federation newsletter. We aim to provide you with a wide range of information and advice on a monthly basis, keeping you up-to-date and helping you with your property investment decision making.

     
  Update: Reserve Bank 5+ rental properties policies

In a surprise move, the Reserve Bank has deemed any rental property owner with five or more rental properties as a corporate borrower. We reported on this in our last newsletter (see here) and now have more information plus how you can find out the affects on your borrowings.   

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  Labour to Ring Fence rental property losses

Among the detail in Labour's Monetary Policy Upgrade is ring-fencing of losses made in the early years of rental property ownership. A similar policy has been tried, failed and reversed in Australia. In the 2 year period it was law, Australian rents rose by over 25%.

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Receive competitive pricing on various trade products when you use your NZ Property Investors membership card at Bunnings.
     
  Easier to recover tenant debt now

Winning at the Tenancy Tribunal is just the first step in holding some tenants to account. However changes to the system for recovering debts came into place on April 14 and may make things a lot easier for rental property owners.

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NZPIF submission on Earthquake strengthening Bill   Labour Leader confuses Property Investors with Speculators   What can be done about regulation?                                    
   
Residential properties with 2 or more stories and containing 3 or more units are to be covered by proposed 
Earthquake Strengthening regulations. The NZPIF have made a submission which you can see here.
  Speaking on TV3's Q&A program,
Labour Leader David Cunliffe said it's lunacy that property speculators get tax free capitail gains. Of course they don't and we pointed this out in our media release. 
  Murray Sherwin is Chairman of the Productivity Commission, the organisation that produced the well researched and practical Housing Affordability Study. Now they have looked into regulations in NZ
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April Property Statistics     Price rises start housing affordability decline     Why are mortgage interest rates rising?
   
   

The Massey University Home Affordability Report noted a 3% decline in affordability over the past year, which they predict will continue to decline through 2014.  This indicates potential ongoing demand for rental housing in the near future.

  The Official Cash Rate (OCR) was raised twice recently, the first change since early 2009. Floating mortgage interest rates for most banks moved up by the same amount almost immediately. But what exactly is the OCR and how does it affect the mortgage interest rates we pay?
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Regular Links

 

National Rental Price Statistics

REINZ Property Price Statistics

QV Property Price Statistics