Entries for these two Awards close on 31 August. Be in to win.
Is a WOF for rental properties the answer?
Wellington Council is introducing a voluntary Warrant of Fitness for rental properties that they intend to make compulsory in three years. The council says that they want to raise standards and that "every Wellingtonian deserves a warm dry home".
"The Property Investors' Federation agrees with this sentiment" says Andrew King, executive officer. "However, a rental property WOF and all its associated costs would be applicable to all rental properties while targeting help for those families who actually have a health related issue would have significantly better results for those in need."
Can you provide emergency homes for those in need in your town?
Are you a landlord interested in a guaranteed rental for the next 3 years, all while supporting people in need? The Salvation Army is looking to work with landlords around the country, to take care of some of New Zealand's most vulnerable people and your property.
The Salvation Army has been helping those most in need in New Zealand since 1883. Now we'd like to work with you to help address one of the biggest issues facing our country.
There are a number of benefits for a landlord in being involved with the programme.
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.
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.