Changes to the Unit Titles Act included new provisions that came into effect as of 9 May 2023 click here As part of this, MBIE have created new resources to support key stakeholders and potential unit title owners with the information needed to understand their rights, responsibilities, and obligations under the Act 11-12-2023 more >>
The world of property investment is a dynamic landscape, influenced by shifting markets, emerging technologies, evolving regulations, changing societal needs and – politics! In this environment of transformation, it’s important for us to unite, share knowledge, and collaborate to navigate the complexities and seize the opportunities that lie ahead. 10-12-2023 more >>
“It is encouraging to see that the new Coalition Government is acting quickly to ease the current situation evident in the rental market of decreasing supply and increasing rents,” says Sue Harrison, President of the NZ Property Investors Federation (NZPIF). 30-11-2023 more >>
By the time you read this we will have an election outcome, but at time of writing we are still in a limbo of election promises. Never before has a Government hit private rental ownership so hard with higher taxes, while being well aware of increasing interest rates and the likely impact on the rental market for tenants. This has been a major disruptor of the rental marketplace because for most mortgaged investors it has thrown their investing strategy into unforeseen jeopardy. 10-11-2023 more >>
The power of our members brings us many benefits beyond the networking and educational aspects of connecting with like-minded people. The New Zealand Property Investors Federation (NZPIF) plays a valuable role in providing its nationwide Property Investor Association ‘member groups’ with impartial information that is shared, and also carries out valuable advocacy work on behalf of all property investors. 10-10-2023 more >>
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.
Interest rates are constraining economic activity and reducing inflationary pressure as required. 04-10-2023 more >>
New research from Motu found that the level of well being of a tenant related to the length of time the tenant had been in one tenancy. The NZPIF has been advocating for the ability to provide this since February 2022 29-09-2023 more >>
We hear many ways each political party talk about the housing crisis, and their solutions to fix this. Adding a new tax to rental property provider and adding more RTA rules to make it harder to supply is obviously not the answer. 13-09-2023 more >>
The first consideration is to acknowledge that private investors play the highest and most valuable role in the New Zealand housing system. They provide over 85% of rental housing compared with the less than 15% provided by state owned housing. The Government sector have shown that they are not capable of supplying the housing needs of the nation. Therefore any discussions around the Government or local bodies providing more housing are unrealistic, so the system remains a public private partnership. 10-09-2023 more >>
The current level of interest rates is constraining spending and hence inflation pressure, as anticipated and required. The Committee agreed that the OCR needs to stay at restrictive levels for the foreseeable future to ensure annual consumer price inflation returns to the 1 to 3% target range, while supporting maximum sustainable employment. 16-08-2023 more >>
Private investors play the highest and most valuable role in the New Zealand housing system. Around 86% of rental homes are supplied by private owners and this is one of the best examples of a public – private housing system in the world.
‘Landlord’ has been an inexact and overused term by media and politicians to refer to what are actually property investors, the vast majority of whom are not directly ‘landlords’ in the way the word is used. 10-08-2023 more >>
The Green Party is calling for a rental property warrant of fitness which is likely to hit renters with an unnecessary cost of around $90,000,000 a year. The idea of a rental property warrant of fitness was first raised 25 years ago and has been rejected by all Governments ever since. 02-08-2023 more >>
Tim Horsbrugh explains that the one policy that has had the most significant effect on tenants is the tax change in which rental property owners can no longer claim their interest costs as a business expense. 02-08-2023 more >>
One of New Zealand Property Investors Federation (NZPIF) key functions is to advocate with politicians and government departments for fair rules that not just benefit our tenants, but also encourage aspiring investors to offer well managed homes for them.
For this reason we offer some policy priorities for members to discuss with their MP’s and political candidates. These are policies which will be critical to encouraging investors to either hold on to their properties, buy more investment rental homes, or encourage new investors to provide rental homes. 10-07-2023 more >>
Radio NZ reports that house prices have fallen yet again as higher interest rates continue to limit demand for properties. CoreLogic's latest house price index showed property values fell 1.2 percent in June, down 10.6 percent from a year ago. 06-07-2023 more >>
April rental statistics from the Bond Centre have been released. You can see how your property rental prices have changed over the years at the rental price calculator on the NZPIF website. As at April 2023, the national rental price was relatively stable at $570pw, an increase of around 3% over the last year. Quite modest considering interest rate increases and further removal of interest deductibility. 28-06-2023 more >>
Sue Harrison, President of NZPIF, talks about the adverse effects on tenants as a result of the interest deductibility rule imposed on rental property owners by the current Government. 27-06-2023 more >>
Making landlords and tenants into adversaries has been a popular narrative with the media and helps the current Government bring in some heavy disincentives to own rental properties. There have been so many levers pulled to ensure that house prices come down while interest rates, rates, insurance, maintenance and associated costs have gone up. The Government say they are helping tenants, but the tax grab and extra rules have brought significant negative impacts. 14-06-2023 more >>