The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment. 13-04-2022 more >>
See the full report on our plan to fix the rental crisis here and a summary here.
New Zealand has a rental property crisis.Â There are not enough rental properties, which has seen the Social Housing Register explode to over 25,000 and $1m of Government funds a day spent on motels to house tenants with emergency housing needs.
First Homeowners have been prioritised over tenants and rental providers have been discouraged from providing rental accommodation.Â The system has been broken and needs to be improved to increase the supply of rental properties, lower the cost and price of rental properties and provide more stable rentals properties. 14-02-2022 more >>
In December 2021 and January of this year, NZ Property Investors' Federation, in association with the NZ Property Investor, surveyed members Â throughout the country to understand how the changes in the housing market are affecting members. 04-02-2022 more >>
The NZ Property Investors Federation (NZPIF) welcomes the new guidelines released by the Privacy Commission. These guidelines are governed by the Privacy Act 2020 and must be followed by all private rental property providers, including property managers. 11-11-2021 more >>
The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment. 06-10-2021 more >>
In March this year, the Government brought in radical changes for property investors, treating them differently from any other business by removing the ability to deduct mortgage interest as a legitimate business expense. MBIE, IRD, accountants and tax experts do not support these changes. 29-09-2021 more >>
The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today's decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand.Â 18-08-2021 more >>
Sharyn Shepherd, also known as Hope Maree Taylor, is a convicted fraudster who has reportedly harassed her neighbours at the Otautahi Community Housing Trust complex so much that they are frightened to go outside. 26-07-2021 more >>
The Reserve Bank and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available. 16-06-2021 more >>
The government used the housing announcements of March 23 as its main avenue for legislation relating to rental properties. Still, it has, however, set aside $80 million in the Budget for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives. 21-05-2021 more >>
The First Home Buyers Club, Tenants Protection Canterbury and the NZ Property Investors Federation have presented a letter to Government requesting them to reconsider removing mortgage interest costs on rental properties. 12-05-2021 more >>
Newly released information shows that in addition to Inland Revenue and Treasury, officials from the Ministry of Housing and Urban Development were unanimous in advising the Government against removing rental property mortgage interest as a tax deduction. This opposition is also supported by economists, the general public and even tenant groups who are also stating that the policy will lead to rent rises. 04-05-2021 more >>
The recent Government housing policies appear to have been implemented without much information about the likely outcomes. There was also lack of time for impact statements to be produced by Inland Revenue and Treasury.Â In order to fill the information gap, the New Zealand Property Investors Federation (NZPIF) conducted a survey to see how these changes will affect the rental property industry. 07-04-2021 more >>