Wellington Property Investors' Association

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News & Updates

Recent updates

  • Impact of LVR restrictions
    Corelogic recently published some interesting information regarding the impact of LVR restrictions introduced by the Reserve Bank.
    01-08-2018 more >>
  • Tax Working Group agrees property fairly taxed
    We commissioned Financial and Economics Consultancy, Morgan Wallace, to review the study. Morgan Wallace produced a report showing that they had uncovered serious flaws with the TWG's study, leading them to conclude that apart from bank deposits, rental property is actually taxed at a higher rate than other asset classes.
    01-07-2018 more >>
  • Tax Working Group's property calculations questioned
    The NZPIF made a submission to the Tax Working Group (TWG)who appear to have a directive to recommend a Capital Gain Tax in NZ.
    01-06-2018 more >>
  • Sharon Cullwick, new NZPIF President
    I'm very pleased to let you know that Sharon Cullwick has been elected as President of the NZ Property Investors' Federation, taking over from Terry le Grove.
    01-05-2018 more >>
  • Students and rising rents
    Last December Trade Me reported that rents were going up around the country. Hardly surprising to rental property providers.
    01-04-2018 more >>
  • Bright Line test extension not a good idea
    Property Investor Associations educate investors to buy and hold their rental properties for the long term. It is a shame that Labour are pushing ahead with increasing the Bright Line Test from two to five years, but it isn't the end of the world for most of us.
    18-03-2018 more >>
  • Lack of rental property supply
    Recent information from Trade Me indicates that there is a lack of adequate rental property supply in many parts of New Zealand. There could be a few reasons for this.
    18-02-2018 more >>
  • It will be a challenging year for rental property providers
    It is the start of what is likely to be a challenging year for rental property providers. Hopefully you will have some time off work and while rest and recreation is important, it is also a good time to take stock of your investments.
    18-01-2018 more >>
  • Andrew King, NZPIF Executive Officer, reviews the possible effects of the policies of the new Government
    The election has been decided and our industry is in for a large amount of change.
    09-11-2017 more >>
  • Andrew King, NZPIF Executive Officer, reviews the possible effects of the policies of the new Government
    The election has been decided and our industry is in for a large amount of change.
    09-11-2017 more >>
  • Security of tenure for tenants
    One of the election topics within the housing realm was security of tenure for tenants.
    09-10-2017 more >>
  • Activity of two relatively new tenant advocacy groups. .
    These groups sent out a call to their supporter database and social media channels asking for peoples "stories" about how they found renting and the condition of their rental properties. They then interpreted these stories to produce a report of what renting is like in New Zealand.
    09-09-2017 more >>
  • Public submissions have be called for RTA Amendment Bill (No 2)
    The Residential Tenancies Amendment Bill (No 2) covers three key areas - unlawful rental properties, meth in rental properties and fixing up the debacle of tenants not being responsible for damage that they cause.
    09-08-2017 more >>
  • Renting out unlawful premises
    Building and Construction Minister, Nick Smith, recently introduced the Residential Tenancies Amendment Bill (no 2). While the part seeking to address the situation of tenants not being responsible for accidental damage they cause has received a lot of attention, there is another significant part to the Bill. This relates to landlords renting out unlawful premises.
    09-07-2017 more >>
  • Labour's tax policy 2
    In the April I wrote about Labour confirming they would remove the ability to deduct tax losses from property against other forms of income. Unfortunately they recently made it official at their annual conference.
    09-06-2017 more >>
  • Homes are more affordable
    An NZPIF study shows that while it is hard for first home buyers to get into their first home, it has always been this way.
    09-05-2017 more >>
  • Homes are more affordable
    There continues to be a large number of media articles talking about the "housing crisis" and people being tenants for life. I'm sure that the people saying that home ownership is not achievable for young people are doing this with the best intentions, but they are giving these people the wrong message.  Ironically, by trying to stand up for first home buyers they are likely putting them off even trying to achieve their first home.
    03-05-2017 more >>
  • Labour looks to restrict negative gearing for rental properties
    Labour leader Andrew Little has confirmed that in addition to increasing the Bright Line Test for rental property from two to five years, Labour will also remove negative gearing for rental property.
    03-04-2017 more >>
  • Byelection in Mt Albert
    I live in a part of the Mt Albert electoral area. As you read this, the results of a byelection in my area would have been announced. It is an interesting byelection as National are not putting forward a candidate, but Gareth Morgan's new Opportunities Party is.
    03-03-2017 more >>
  • Has it ever been as hard for first home buyers?
    For the last few years we have been inundated with media articles and opinion pieces on how we have a housing crisis and that the young are doomed to be tenants for life.
    16-02-2017 more >>
  • Happy New Year
    I hope this magazine finds you still on holiday and enjoying a well earned break. This is a great time of the year to contemplate events of the past year and where you are heading in the coming year.
    17-01-2017 more >>
  • Positive end to the year
    This year has been quite a tough one for our industry, at least politically. The Reserve Bank has made financing rentals much harder, the courts have made us pay for our tenants damage and meth has continued to take off and act like a grenade being thrown around threatening to blow up our investments.
    07-12-2016 more >>
  • Osaki change being considered by Government
    The NZ Property Investor's Federation annual conference was recently held in New Plymouth and was an outstanding success.
    07-11-2016 more >>
  • Tenants' liability for damage 2
    In last month's article I discussed the ramifications of the court's decision to exemplify tenants from responsibility for any damage that they cause to their rental property.
    07-10-2016 more >>
  • Tenants' liability for damage
    n 2009, a tenant called Mrs Osaki left a pot of oil unattended on the stove. A fire broke out that caused over $200,000 of damage. The property was repaired through the owners insurance, but the insurance company decided to seek the cost of the damage from the Osaki's.
    07-09-2016 more >>

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