New Zealand Property Investors' Federation
The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.
Entries for these two Awards close on 31 August. Be in to win.
Special August deals for holders of NZPIF cards now loaded on to the free NZPIF app. Have you downloaded this yet? Scroll down to the bottom of this newsletter and download te NZPIF app
August Power Pass specials (available to those with NZPIF cards). Learn about these specials each month on the app. See here and here for some of these specials. Available untll 31 August |
August Special is the new range of commercial appliances for the hospitality industry. Have a look at these here and on the free NZPIF app. Available to members until 31 August. |
Making sense of it all
Nick Goodall, Senior Research Analyst, CoreLogic
Things haven't changed too much from last month. The softening in the property market has continued according to the QV House Price Index, which was released last week.
Nationwide annual value growth has dropped to 6%, the lowest for over two years. The slowdown is most strongly felt in our main centres, led by Auckland with only 5% annual growth and effectively no increase in value since October 2016. The provinces look to be holding on to some degree, with 14% annual growth, however this has consistently fallen away since the start of the year and based on current market activity, my pick is that it'll continue to drop. Read the full report here. 09 August 2017
Latest Home Affordability Report
The latest Massey University Home Affordability Report shows most regions of New Zealand have declined in affordability over the most recent quarter, as well as over the past 12 months.
The only exceptions are Otago (which excludes the expensive Central Otago Lakes region), which improved by a modest 1.9 per cent over the most recent quarter, and Canterbury/Westland, which showed a 0.5 per cent improvement year-on-year.
National Rental Price Statistics
NZPIF Rental calculator and graph
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