Wellington Property Investors' Association

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Archive: 2011

NZ house prices over valued, says IMF

House prices in New Zealand are over-valued by as much as 25% compared to the average over the past 20 years, according to the International Monetary Fund (IMF).
10-05-2011 more >>

QV April - the regions

Property values appear to be stabilising across the country, according to QV's report on the regions.
10-05-2011 more >>

QV sees value stability spread

A flattening of house price values in Auckland helped residential property values remain relatively stable at a national level across April, according to the latest QV report for April.
10-05-2011 more >>

King's Counsel

For the new Property Investors Federation president Andrew King, taking on the top job in an election year has given an extra focus to the Federation's role lobbying on behalf of property investors.
09-05-2011 more >>

Opportunities for investors in Auckland expansion proposals

Auckland property investors would "always have a letting market" for the city council's proposed smaller inner city dwellings, according to Bayleys managing director Mike Bayley.
09-05-2011 more >>

House prices ‘will rise' says BNZ

The lack of new houses being built and construction industry capacity issues as the Christchurch rebuild begins will lead to an inevitable rise in house prices, according to BNZ economist Tony Alexander.
06-05-2011 more >>

Floating rates growing in popularity

With the Reserve Bank keeping interest rates low more home buyers will move to floating rate mortgages, according to Westpac New Zealand chief executive George Frazis.
06-05-2011 more >>

Unlucky 13 - Auckland weekly rent down on March

The average weekly rent in Auckland fell by $13 during April compared to March, while the average weekly rent stood at $421, according to Barfoot & Thompson.
06-05-2011 more >>

Housing consent numbers back to 1982 levels

Consents for new homes have fallen to the lowest level since records began - 1982.
05-05-2011 more >>

April sales price a record for month - Barfoot & Thompson

The average house sales price for Auckland stood at $544,975 in April, $3,500 above April last year and the highest April figure achieved by Barfoot & Thompson, the estate agent revealed today.
04-05-2011 more >>

Asking prices hit four-year high

The property market is beginning to show signs of renewed activity with the average asking price for a home at its highest level in four years, according to the Realestate.co.nz NZ Property Report.
02-05-2011 more >>

Property market soothsayers and silver linings

Confusing comments from market 'soothsayers' may be spooking possible buyers, but a more relaxed attitude from banks to mortgage lending offers some silver lining, claimed First National Group.
02-05-2011 more >>

Auckland leads the rent charge

Rents for two and three-bedroom properties in Auckland have seen sharp rises over March, and in one area the average four-bedroom rent rose 50%, according to Crockers Market Research.
02-05-2011 more >>

May '11 Issue

Renovating is the new black Add rooms and you'll add value to your property, says Property Investor's May issue, out now.
01-05-2011 more >>

Thank you Martin

It was the end of a very special era last month, when NZPIF President Martin Evans decided not to stand for re-election after four years in the job.
01-05-2011 more >>

Switch decision could put floaters in a fix

Floating rate borrowers are enjoying the lowest average rates since July 1965, but those waiting for signs fixed rates will rise before switching may be taking a risk, according to BNZ.
29-04-2011 more >>

The economists view on the OCR

A round-up of leading economists take on the RBNZ decision to leave the OCR on hold.
28-04-2011 more >>

OCR likely to stay low for some time: RBNZ

The Reserve Bank has left its official cash rate unchanged at 2.50% today and has indicated that it is likely to stay at this level for "some time".
28-04-2011 more >>

Rental property tax treatment helped inflate property values - OECD

Favourable tax treatment for rental property investments helped prolong the housing boom and further inflate property values, benefitting high-income investors and squeezing out low earners from the market.
28-04-2011 more >>

House prices to rise 4% - Westpac

House prices are set to rise by 4% this year, boosted by the RBNZ decision in March to cut the OCR, according to Westpac.
27-04-2011 more >>

Survey points to property investment market pick-up

More investors are in the market looking for properties, though their numbers lag behind first time buyers who are finding a warmer welcome at the banks, according to the inaugural BNZ-REINZ real estate survey.
21-04-2011 more >>

New Unit Title Act guidelines

Guidelines around new laws governing the buying and selling of unit title developments have been issued by the Department of Building and Housing (DBH).
20-04-2011 more >>

Christchurch exodus soaks up rental capacity - First National

Residents quitting earthquake stricken Christchurch are soaking up excess rental capacity in both North and South Island towns, according to First National Group.
19-04-2011 more >>

March housing market strength no flash in the pan - BNZ

The recent recovery in the housing market highlighted by the REINZ March data is "not a flash in the pan that will fade," and may mark the start of housing market recovery, according to BNZ economist Tony Alexander.
15-04-2011 more >>

For landlords a feast in Auckland, famine elsewhere

Trade Me property figures have revealed that while Auckland landlords are spoilt for tenant choice, the picture is less rosy across the rest of the country.
14-04-2011 more >>


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