Wellington Property Investors' Association

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wellington@nzpif.org.nz

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Recent updates

Wellington News

NZPIF Education Program for Self Managing Landlords

New Zealand Property Investors Federation (NZPIF) has developed an education program specifically for the self-managing landlord.
01-07-2020 more >>

More assistance for tenants and termination restrictions lifted

Usual termination rules will now apply from 26th June 2020. The removal of these temporary measures allows landlords to give termination notices to tenants under the standard Residential Tenancies Act 1986 provisions. Usual notice periods will apply from the date notices are given. Landlords who have had fixed-term agreements rollover can now send notices to terminate these tenancies.
19-06-2020 more >>

The effect of lockdown on landlords and tenants

Here are the results of a recent survey of 639 NZPIF members
05-06-2020 more >>

Extension for Healthy Homes Compliance Statement requirement

Sharon Cullwick, NZ Property Investors Federation (NZPIF) Executive Officer, welcomes the extension by the Government of the deadline requiring landlords to provide Healthy Homes Compliance Statements. The original date was the 1st July 2020 and this date has been extended until the 1st of December 2020.
04-06-2020 more >>

Initiatives to help landlords and tenants needed

Like everyone landlords are facing tough times due to the fall out of Covid-19. This includes loss of income, reduced wages and business losses. Here are some Government actions which would assist landlords and consequently their tenants.
01-06-2020 more >>

ASB Housing Confidence Survey - three months to April 2020

Confidence in rising house prices whipsawed by COVID-19. Perceptions of whether it's a good time to buy also decline as households batten down the hatches. Interest rate expectations flick back to lower for longer.
27-05-2020 more >>

Increase in housing is being hindered

Of the 270,000 rental houses in New Zealand, 90% are provided by the private rental sector with only a small percentage available through Housing New Zealand and other community-based organisations. Although any house available for rental is a help, having an excess supply of these is the only way to solve the current issue.
20-05-2020 more >>

Surviving the current crisis

Often when we are confronted by a tenant asking for a discount on their rent or a rental holiday we start to panic. Yes, it's fine for them to ask but do they understand the financial impact this could have on you?
18-05-2020 more >>

What will change for landlords and tenants in level2

Alert Level 2 guidance for landlords and tenants
15-05-2020 more >>

Hon Grant Robertson delivers the Budget 2020 - RebuildingTogether

The $50 billion fund being announced today will grow jobs and support New Zealanders and the economy through the effects of COVID-19 and the global recession.
14-05-2020 more >>

RBNZ removes LVR restrictions

The Reserve Bank has today decided to remove mortgage loan-to-value ratio (LVR) restrictions for 12 months. The decision was made to ensure LVR restrictions didn't have an undue impact on borrowers or lenders as part of the mortgage deferral scheme implemented in response to the COVID-19 pandemic.
30-04-2020 more >>

Landlords are people too

A NZ Property Investors Federation (NZPIF) survey has found that rental property owners are affected by the Covid-19 situation just like tenants and other New Zealanders, said Sharon Cullwick, NZPIF Executive Officer.
29-04-2020 more >>

What will change in Level 3?

Here is Alert Level 3 guidance for landlords and tenants from Tenancy Services
28-04-2020 more >>

Banks working against each other

The NZ Property Investors' Federation (NZPIF) is concerned that the Reserve Bank of NZ (RBNZ) and the trading banks are currently working against each other, says Sharon Cullwick, NZPIF Executive Officer. On the one hand the RBNZ is considering lifting the LVR restrictions to stimulate the economy and on the other the trading banks are testing borrowers on virus-constrained income and using high serviceability tests thus making the obtaining of loans more difficult and working against the RBNZ.
24-04-2020 more >>

Possible lifting of the LVR restrictions

It is a welcome move that the Reserve Bank of New Zealand is beginning seven days of consultation regarding the possibility of lifting the loan to value ratio restrictions (LVR) says Sharon Cullwick, Executive Officer of the NZ Property Investors' Federation (NZPIF)
21-04-2020 more >>

Delay ring-fencing laws and help 300,000 Kiwis

"Delaying this law until the 2021/22 year would help the 300,000 rental property owners who are expected to cushion their tenants financially without Government assistance during this Covid 19 lockdown says Sharon Cullwick, Executive Officer of the NZ Property Investors' Federation (NZPIF).
20-04-2020 more >>

Students fight for their right to party

Verbal submissions were made today to the Social Services Select Committee looking into changes to the Residential Tenancies Act. A section of the Act gives tenants the right to perform up to eight significantly disruptive acts a year, and, as long as there are not more than two of these in any one three month period, it will not be until the end of that year that their landlord can apply to have their tenancy ended with three months' notice.
17-04-2020 more >>

The effect of the Covid-19 regulations on landlords

The NZ Property Investors Federation (NZPIF) has just organised the first in a series of surveys of rental property owners and property managers to see how they are being affected by the Covid - 19 lock down.
03-04-2020 more >>

NZPIF is keen to know how Covid-19 is affecting rental property owners

Help us to find out what is actually happening for rental property providers by participating in our survey. It is very short and should only take a few minutes. You can complete it by clicking on the link below.
02-04-2020 more >>

Delay ring-fencing and save lives

Covid-19 relief package from the Government includes increasing the threshold from $500 to $5,000 which will determine which assets can be written off as expenses for the 2020/21 tax year.
01-04-2020 more >>

Rental increase freeze not a rent freeze

The NZ Property Investors' Federation is concerned that many tenants have mistaken the Government announcement banning rent increases as a freeze on having to pay rent.
30-03-2020 more >>

Letter from the Hon Dr Megan Woods and a document of Q&A

This letter was written and circulated to all property stakeholders on March 27
28-03-2020 more >>

Covid-19 urgent legislation. This relates to rent freeze and tenancy changes

On Monday 23 March the Prime Minister announced that we will be freezing residential rent increases and providing greater protections for tenants against having their tenancies terminated.
26-03-2020 more >>

Housing should be considered an essential service

Sharon Cullwiick, NZPIF Executive Officer, says you would think that supplying a house for someone to occupy would be an essential service, but it would seem not.
26-03-2020 more >>

Information for members on Level 4 Covid-19

Sharon Cullwick, Executive Officer, and Peter Lewis, Acting President have written this letter to members.
24-03-2020 more >>


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