Wellington Property Investors' Association

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Archive: 2011

King counters taxing solution to misdiagnosed problem

A “huge misconception” exists that investment property receives favourable tax treatment, and additional taxes could “spark an investor exodus,” according to NZ Property Investors Federation president (NZPIF) Andrew King.
23-08-2011 more >>

Price expectations up, confidence down

Despite an increasing number of people expecting house prices to rise, overall confidence in the housing market fell during the July quarter, according to the latest ASB Housing Confidence Survey.
19-08-2011 more >>

City Bay a riser while Devonport sinks

The average median rent for a two-bedroom property in City Bays rose 13% in the year to July 2011, while the same size property in Devonport saw an 8% fall.
18-08-2011 more >>

More Christchurch properties red zoned

The Government has today offered to buy an additional 940 earthquake affected properties in Kaiapoi and Pines Beach north of Christchurch.
18-08-2011 more >>

The holiday’s over for holiday home tax treatment

IRD moves to reform the tax treatment of holiday homes will remove a “perverse” tax incentive for people to buy second, holiday homes.
18-08-2011 more >>

Rental property seen as second-best investment type

The popularity of rental property as an investment took a dip in Auckland, bucking the nationwide trend, though it still remains Kiwi’s second favourite type of investment, according to the latest ASB Investor Confidence Survey.
16-08-2011 more >>

Rent and the regions

Infometrics New Zealand Housing Outlook report examines rental levels and trends across various regions of the country over the year to June 2011.
15-08-2011 more >>

Tax changes prompt some investment property sales, report claims

Government tax changes have hit landlords’ future cash flows and left investors requiring a higher yield from their properties, according to Infometrics New Zealand Housing Outlook report.
15-08-2011 more >>

$30,000 fine for property finder “sets a clear precedent”

Property finder Dorien Forster has been fined $30,000 for acting without a license in a case Real Estate Agents Authority (REAA) chief Keith Manch said “sets a clear precedent on the role of property finders.”
12-08-2011 more >>

REINZ July 2011 Report - the regions

The REINZ July 2011 regional commentaries.
11-08-2011 more >>

Property sales and prices down in July

There were 301 fewer property sales in July compared to June, and the national median house price fell by $15,000, according to the latest Real Estate Institute of New Zealand report.
11-08-2011 more >>

Auckland July rents down on June, still above year earlier

The average weekly rent for Auckland properties in July was $417, and for the second consecutive month moved downwards, according to Barfoot & Thompson.
10-08-2011 more >>

Playing ball with the IRD during RWC

People seeking to rent out their property to take advantage of the Rugby World Cup have been warned they will be under scrutiny from the Inland Revenue to ensure they meet tax obligations.
09-08-2011 more >>

Nationwide property values steady, slide continues in Wellington

Parts of Auckland have seen property values increase by 2.4% since July, while Wellington remains the only main centre to see continued declines, according to the latest QV report.
08-08-2011 more >>

QV July 2011 Report – the regions

Analysis, comment and prices from QV Valuations staff across the country.
08-08-2011 more >>

Frankly my dear, property investors don’t give a damn

The lack of new listings on the market suggests property investors “don’t really give a damn” about the April 1 tax changes that affected investment property, according to BNZ economist Tony Alexander.
05-08-2011 more >>

July’s new listings down 15% on year

The lack of available property on the market could prompt upward price pressure, see buyers exit the market or both, according to the Realestate.co.nz July report.
05-08-2011 more >>

Barfoot & Thompson Auckland listings at decade low

Barfoot & Thompson listed just 1050 new properties in July, 8.9% lower than in June and the lowest number for a decade.
04-08-2011 more >>

The Politics of envy

The NZPIF has had two meetings this year with senior Labour Ministers. At both these meetings we asked about Labour's housing policy and if any new taxes were being considered. We were told that a land and capital gains tax had been looked at, to pay for extra planned spending, but there were problems with both and would not be part of their policy.
01-08-2011 more >>

Devonport sees two-bedroom rents up 26% on year

The average median rent for a two-bedroom property in Devonport rose 26% in the year to June, while the same size property in Takapuna/Milford saw an 18% fall, according to the latest Crockers Auckland rental price table.
01-08-2011 more >>

August '11 Issue

  • Sir Bob Jones
  • Investing in the Wellington CBD
  • Property Finders versus Real Estate Agents Authority
    01-08-2011 more >>
  • Cyclical recovery underway in housing market

    The residential housing market has started a cyclical recovery, with rising turnover and prices, decreasing days to sell, a spike in listings shortages and the entry of first home buyers into the market, according to BNZ.
    29-07-2011 more >>

    Leaky homes assistance available

    From today the owners of leaky homes will be able to seek repair funding from the Government's leaky homes Financial Assistance Package.
    29-07-2011 more >>

    The economists view on the OCR decision

    A round-up of leading economists' views on the RBNZ decision to leave the OCR unchanged.
    28-07-2011 more >>

    Bollard takes a bob-each-way to OCR review

    Reserve Bank governor Alan Bollard took a bob-each-way approach to reviewing interest rates which has left economists and financial markets scratching their heads.
    28-07-2011 more >>


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