Wellington Property Investors' Association

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Archive: 2011

The REINZ reaction

The REINZ report signalled that house values picked up in March, but according to JPMorgan's Helen Kevans, "we suspect there is limited upside to house prices in the very near term."
13-04-2011 more >>

REINZ regional commentaries - March 2011

The REINZ March 2011 regional commentaries
13-04-2011 more >>

Auckland house sales up 53.2% on month - REINZ

Auckland recorded more than 50% more house sales in March than February, and 11.4% more than in March 2010, according to the latest Real Estate Institute of New Zealand (REINZ) figures.
13-04-2011 more >>

The full Nelson - only one location keeps grip on property values - QV

Property values remain relatively stable at a national level, though variability continues to be seen between areas and only Nelson has values at same level as 2010, according to the latest QV report for March.
12-04-2011 more >>

Fix mortgage rates now - Tower

Inflation is the "Gorilla in the room" increasingly making its presence felt, and as interest rates rise, now is the time to fix your mortgage rate, according to Tower Investments CEO Sam Stubbs.
11-04-2011 more >>

$200,000 fine for ‘Why rent' promoter

The man behind a property scheme that promised home ownership to vulnerable Kiwi's has been sentenced at the Auckland District Court of breaching the Fair Trading Act, fined $237,048 plus $42,764 in repatriation.
07-04-2011 more >>

Government prepared to bail out AMI

The Government is prepared to pump up to $500 million of equity into AMI Insurance after it reportedly had $1 billion of capital and reinsurance cover wiped out by the two Canterbury earthquakes.
07-04-2011 more >>

Record rents for Auckland

Rents in Auckland reached their highest recorded level in March, increasing by $32 on February to $434, according to the latest Barfoot & Thompson sales data.
06-04-2011 more >>

Cold water poured on overheating market claims

Despite media coverage of increased competition among Auckland renters – and corresponding reports of rising rents – average rental inflation across the Auckland region was just 3% in February, according to Crockers Market Research.
04-04-2011 more >>

April '11 Issue

  • Rents Rocket
  • Christchurch earthquake "emigres"
  • Tax Changes
    01-04-2011 more >>
  • Presidents report

    The half a percentage point reduction in the Official Cash rate will be good for the economy and a welcome relieve for rental property owners. The timing of the interest rate cuts is excellent, coming just as building depreciation allowances are being removed for residential rental properties. However the interest rate cuts will not fully compensate for the tax changes that came into place on the first of April. In addition, rental prices only increased by an average 3% last year while general inflation was at 4%. Combined with an increase in demand and weak supply, almost everything is pointing to higher rental prices.
    01-04-2011 more >>

    New listings up in March, though still down on year earlier

    New listing rose 9% in March with 12,247 properties brought to the market, however volumes are still 15% below the March 2010 level, according to the Realestate.co.nz March report.
    01-04-2011 more >>

    Government launches inquiry into housing affordability

    An inquiry into housing affordability will be among the first tasks for the Government's Productivity Commission, Finance Minister Bill English announced today.
    31-03-2011 more >>

    Housing consents hit two-year low

    The seasonally adjusted number of new houses authorised in February, excluding apartments, has fallen 7.8% from January, the lowest level for two years, according to Statistics New Zealand.
    30-03-2011 more >>

    Christchurch offers potential for property investment boom - maybe

    Christchurch property investors could see boom times ahead – if the Government follows up on comments of a 10,000 home buy-out for residents and sells on the properties, according to Bayleys.
    29-03-2011 more >>

    Signs of improvement squashed by disasters home and away

    Signs of improving housing market activity have been thoroughly quashed by uncertainty surrounding a local natural disaster and now a foreign one, according to the latest ANZ Property Focus.
    23-03-2011 more >>

    Mortgage holders question banks on rate cuts

    Mortgage holders are questioning why their banks are making them wait between two and three-and-a-half weeks to pass on Reserve Bank governor Alan Bollard's cut in official interest rates to their floating home loan rates.
    23-03-2011 more >>

    REINZ regional commentaries - February 2011

    The REINZ February 2011 regional commentaries.
    14-03-2011 more >>

    House prices, sales volumes and time to sell all up in February

    February proved to be a mixed month for the housing market with volumes and the average median price up, but the average time to sell also increasing, according to the latest REINZ report.
    14-03-2011 more >>

    Floating home loan rates tumble

    Major banks have lowered their floating rates this morning following the OCR cut. We explain who has made what changes here.
    10-03-2011 more >>

    Rent shock predicted as shortage gets worse

    Auckland faces a rent shock as the Christchurch earthquake diaspora, rising insurance premiums and the loss of a landlords' tax break all affect demand on already scarce stock.
    09-03-2011 more >>

    Rent rise hopes boosted by consents figures

    Hopes rents are set to increase have been given a boost by the latest figures from Statistics New Zealand (SNZ) on building consents.
    09-03-2011 more >>

    Only Auckland City values up on year earlier - QV

    Auckland City is the only place in the country to see property values above this time last year, according to the QV indices for February.
    08-03-2011 more >>

    Reports of high demand not translating to higher Auckland rents

    Despite press reports of skyrocketing rental demand in Auckland, rental prices appear to be holding steady according to the January Crockers Market Research.
    07-03-2011 more >>

    Rents down, sales up in Auckland

    Auckland's average weekly rent fell by $14 in February from the all-time high of $416 in January, according to the latest Barfoot & Thompson housing market report.
    03-03-2011 more >>


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