New Zealand Property Investors' Federation
The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.
Not many mega-landlordsA Sunday Star Times article today claims that New Zealand is owned by a group of mega landlords and not the mum and dad landlords owning one or two rentals.
28-11-2021 more >>
NZPIF welcomes new Privacy Commission Guidelines.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 >>
New program of compliance from Privacy CommissionerThe Privacy Commissioner is cracking down on the lack of compliance by property managers and agencies in a new program aimed at protecting tenants' personal information.
10-11-2021 more >>
Official Cash rate increased to 0.50 percentThe 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 >>
Government's rental property interest deductibility details releasedIn 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 >>
Official cash rate on hold at 0.25 percentThe 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. Todayâ€™s decision was made in the context of the Governmentâ€™s imposition of Level 4 COVID restrictions on activity across New Zealand.Â
18-08-2021 more >>
Controversial tenant shows why 90 day notice neededSharyn 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 >>
Reserve Bank approved to use debt to income ratiosThe Reserve Bank of New Zealand has announced plans to add debt to income ratios to its tool kit to dampen investor demand for properties.
17-06-2021 more >>
Debt serviceability restrictions added to tools the Reserve Bank can useThe 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 >>
Confusing consultation paperThe Government has released a 143-page discussion paper on removing mortgage interest tax deductibility on investment properties and the extension of the Bright line test.
12-06-2021 more >>
Landlords say money would be better spent on something elseThe 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 >>
Government rejects first home buyers, tenants and rental providersThe 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 >>
Officials against rental property interest deductibility removalNewly 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 >>
Filling the information gapThe 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 >>
New information changes the perspectiveA survey of mortgage advisors by independent economist Tony Alexander has shown that the Government may have been too quick to disincentivise rental property providers.
01-04-2021 more >>
A summary of the Government's March 23 announcement of changesThe Government made an announcement of changes relating to property investors which will take effect from Saturday 27 of March. Here is a summary of changes and links to fact sheets about each change.
24-03-2021 more >>
Summary of changes announced by the Government on March 23Here is a summary of the proposed changes and fact sheets explaining the detail
24-03-2021 more >>
Unintended consequences of today's housing announcementsThe Government today made announcements which prioritises first home buyers over renters.
23-03-2021 more >>
Government housing package backs first home buyersThis is the media release from the Prime Minister, Minister of Housing, Minister of Finance and Attorney General
23-03-2021 more >>
Planning your maintenanceYour property is a major asset, and like any asset it is in your own best interests to maintain it well and so preserve and enhance its value. Peter Lewis, Vice President of NZPIF, discusses the issues.
16-03-2021 more >>
New Residential Tenancies Act making it harder to house peopleOne of the changes to the Residential Tenancies Act has been the removing the 90-day no-cause termination and the inability to give a tenant a trial period to assess their suitability.
15-03-2021 more >>
Different ways to change a tenancy agreementTenancy Services has updated their website content to describe and distinguish different ways to change a tenancy agreement. Landlords and tenants should decide together which approach best suits their situation. The type of change to a tenancy agreement will have an impact on the healthy homes compliance date and Residential Tenancies Amendment Act 2020 law changes that apply.
15-03-2021 more >>
An early exit from a fixed-term tenancy could be expensiveTenants who choose to end fixed-term tenancy agreements are discovering that they are likely to receive large bills.
06-03-2021 more >>
Removal of the no-cause 90-day termination not workingWithin the last few months we have seen and heard of multiple cases, for example in Greymouth, Christchurch and Auckland, where tenants have had anti-social incidents that have resulted in either full-time security guards being placed outside houses or trespass notices being given to tenants to prevent them from disturbing their neighbours in Kainga Ora houses.
26-02-2021 more >>
Reply to opinion piece by Bernard Hickey in Sunday Star Times 7 February 2021In an opinion piece in the Sunday Star Times on 7 February, Bernard Hickey once again made unfounded, inaccurate and untrue statements about rental property providers in New Zealand.
15-02-2021 more >>