Wellington Property Investors' Association

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Archive: 2011

Not coming up Trumps

Just over a month after the sudden closure of Jericho Property Management another property management firm, Trump Assets Management, has closed its doors.
28-07-2011 more >>

Rents at two-and-a-half year high, but OCR set to rise

Rents are at a two-and-a-half year high "and will go higher", according to the latest ANZ Property Focus.
25-07-2011 more >>

What you wish your Real Estate Agent had told you - unravelling the secrets to make your next transaction work.

Learn how to avoid being your own worst enemy when you are dealing with real estate agents. Learn the reasons for the most common issues and how to avoid them. What should you tell your agent, and what should you keep secret when buying and selling. Should you use a 'buyers agent'? How can you help get the highest price when selling, and the lowest price when buying? What things should make you ditch your agent and try another? What is the best methods of marketing properties, and how do you use these for your advantage? What do real estate agents need to tell the buyer? What must an agent never do? What kinds of properties increase in value the fastest?
22-07-2011 more >>

Investors treading water in housing market

The latest BNZ-REINZ Market Survey suggests first home buyers are active in the market and investors are staying put.
21-07-2011 more >>

Capital gains tax won't move money from housing, claims BNZ economist

BNZ economist Tony Alexander has rejected the argument that a capital gains tax would result in additional money being invested in productive assets.
18-07-2011 more >>

Auckland great place to be a landlord: Skipper

The supply of rental housing grew only half as much as demand nationwide in the June quarter with the Auckland market showing a severe shortage of rentals, according to figures from the TradeMe.
14-07-2011 more >>

Auckland sales up 30% in June

With written sales 30% higher than June last year, Auckland is leading the real estate market recovery, according to Harcourts.
12-07-2011 more >>

Auckland leads nationwide property values higher

Property values increased in June driven largely by the Auckland market, according to the latest QV report.
11-07-2011 more >>

QV June 2011 Report - the regions

Analysis, comment and prices from QV Valuations staff across the country.
11-07-2011 more >>

SFO warns property investors of inflated valuations

Property investors have been warned to be wary of inflated property valuations when considering whether to invest in either properties or companies which had significant property development portfolios.
08-07-2011 more >>

New property tax will hit tenants, says investor lobby

There has been a suggestion tenants will be the ones to suffer if New Zealand introduces a capital gains tax.
06-07-2011 more >>

Landlords and tenants set to lose with capital gains

Labour proposals for a capital gains tax on investment property have been criticised as unfair on both investors and tenants, "who are going to end up paying for this."
06-07-2011 more >>

Available Auckland property near to four-year low

June saw the number of properties on the Auckland market slip to their lowest level in nearly four years, according to Barfoot & Thompson.
05-07-2011 more >>

Investors and first time buyers in ‘quiet battle' for property

Property investors are back in the market and doing battle with first home buyers for properties at the lower end of the market, according to First National general manager John Stewart.
05-07-2011 more >>

July Presidents report

Last month the NZPIF held a communication meeting in Wellington for all affiliated Property Investor Associations around the country. This is an annual event and a marvellous opportunity the us to tell the PIA’s what we are doing, hear what they would like us to do and also share information among themselves on how to make their associations better for their members.
01-07-2011 more >>

July '11 Issue

On every front, the current market is the most investor-friendly in decades. The experts say this is the time to strike the deals that will secure your financial future.
01-07-2011 more >>

King sees potential pitfalls in state housing shake-up

Government plans to move more people out of state housing could prove to be a double-edged sword for private landlords, according to Property Investors Federation president Andrew King.
30-06-2011 more >>

Lack of funding brings the CHRANZ house down

The Centre for Housing Research Aotearoa New Zealand (CHRANZ) has announced its closure today after failing to secure ongoing cornerstone funding.
30-06-2011 more >>

Willems questions 2007 valuations

Canterbury Property Investors Association president Kim Willems has given a cautious welcome to Government plans to buy 5,100 Christchurch homes, though she questioned the 2007 valuation the Government has adopted.
28-06-2011 more >>

Weather man feels chill after Jericho Residential closure

MetService Weather Ambassador Bob McDavitt is among the Wellington landlords left in the cold – and out of pocket - by the unexpected closure of Jericho Residential Property Management.
25-06-2011 more >>

Government offers to buy 5,100 Christchurch homes

Earthquake Recovery Minister Gerry Brownlee has announced the Government will offer to buy 5,100 Christchurch homes at 2007 rateable values.
23-06-2011 more >>

Government to update on Christchurch tomorrow

Canterbury Earthquake Recovery Minister Gerry Brownlee says the Government will give an initial update on the state of land in greater Christchurch tomorrow at 1:30pm.
22-06-2011 more >>

Issues Paper on housing affordability released today

New Zealand housing affordability is to be examined as the newly established Productivity Commission releases its first Issues Paper today.
22-06-2011 more >>

Auckland house prices up over quarter, but ‘bumps ahead' says BNZ

Auckland house price rises over the three months to May are more than a simple recovery from the previous quarter, though "there will be bumps" according to BNZ.
17-06-2011 more >>

Wellington landlords out of pocket after company closure

Landlords with Wellington property management firm Jericho Residential Property Management have been left out of pocket after the company unexpectedly shut.
16-06-2011 more >>

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