Wellington Property Investors' Association

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wellington@nzpif.org.nz

News & Updates

Recent updates

Wellington News

NZPIF in the news in July and August

During the July/August period, Andrew King has been interviewed by a variety of media about the minimum standards for rental properties which came into force on July 1, about the Labour Party policy announcements. changes in Reserve Bank policy on levels of LVR for property investors, and the Green Party's housing bill. Six NZPIF media releases have been distributed on these issues as well.
11-08-2016 more >>

Advocacy during 2016

I was expecting this year to be relatively quiet on the advocacy front, but oh boy, how wrong I was.
07-08-2016 more >>

Government raises KiwiSaver HomeStart caps

The Government is increasing the income and house price caps of the KiwiSaver HomeStart scheme to ensure it meets its objectives of helping New Zealanders buy their first home, Building and Housing Minister Dr Nick Smith says.
01-08-2016 more >>

Supporting better housing outcomes

The Government is investing $9 million over two years in the next steps of its programme to support the most vulnerable New Zealanders' housing needs, Social Housing Minister Paula Bennett says.
30-07-2016 more >>

Bunnings insulation installation scheme

You can now come in to Bunnings stores and request a quote to have new insulation installed in your rental properties and homes that will comply with the new laws. It's that easy!
26-07-2016 more >>

Get unlimited fibre broadband for less than$2.50 a day

Since the announcement of our partnership, MyRepublic have been inundated with enquiries from members interested in getting fibre at home, at their rental properties for tenants and at the office.
25-07-2016 more >>

Simple solutions to your decorating needs from Guthrie Bowron

Guthrie Bowron is New Zealand's decorating specialists, and are proud to have been a trusted New Zealand brand since 1896.
25-07-2016 more >>

ANZ Property Focus

Here is a free resource form ANZ that will keep you in touch with the latest developments in the property market - and what may happen in the future. From a quick overview of market trends to in-depth reviews of key issues, the Property Focus is essential reading for anyone interested in the property market.
24-07-2016 more >>

RBNZ proposes change to loan-to-value restrictions taking effect on September 1

The Reserve Bank has today released a consultation paper proposing changes to loan-to-value restrictions (LVRs) to further mitigate risks to financial stability arising from the current boom in house prices.
19-07-2016 more >>

Reserve Bank restrictions hurt tenants and small investors

One of the Reserve Bank's tasks is to keep inflation between 1% and 3%. It appears that the purpose of the LVR tightening is to allow the Reserve Bank to lower interest rates, thereby stimulating the economy and lowering the NZ dollar.
19-07-2016 more >>

Responding to Brian Fallow's opinion piece in NZ Herald Friday 15th July

Brian Fallow's extraordinary opinion piece against rental property owners demands a reply. His view has been fixed since he became a journalist and there appears to be no way that they will change. However New Zealand deserves to hear the complete story.
15-07-2016 more >>

Labour's housing policies won't help tenants

Last week Labour leader, Andrew Little, said he was announcing new measures that he maintained were aimed at traders and speculators, not investors providing rental accommodation. Labour is proposing to target rental property owners with an extension to the Bright Line Test and by banning negative gearing.
10-07-2016 more >>

Labour's focus is correct

When asked by a journalist yesterday if any of Labour's housing announcements would target investors, Andrew Little clarified that they would target speculators, "those looking to for short term gain in the housing market."
08-07-2016 more >>

Rental property providers threatened

The Reserve Bank has stated that housing supply is the real issue in house price increases. However because they cannot influence supply, they are threatening rental property providers with tighter Loan-to-Value Ratios (LVRs) and Limits on Debt-to-Income ratios (DTIs).
07-07-2016 more >>

Get you rinfo on the NZPIF app

A key benefit of belonging to a Property Investors' Association is access to special pricing deals by a number of companies. You can save money on a variety of goods and services that all property investors need, including DIY products, insurance, mortgages, smoke alarms and various subscriptions to data.
07-07-2016 more >>

Are we shooting at the wrong target?

Following QV's monthly housing report released today, the Prime Minister's advice to further hinder the provision of rental properties in New Zealand is misguided.
05-07-2016 more >>

Residual meth in our rentals

Andrew King, Executive Officer of the NZPIF, looks into the facts behind the media hype
03-07-2016 more >>

$1b fund to accelerate housing infrastructure

The Prime Minister today announced a new $1 billion Housing Infrastructure Fund to accelerate the supply of new housing where it's needed most, Finance Minister Bill English and Building and Housing Minister Dr Nick Smith say.
03-07-2016 more >>

NZPIF in the news in May and June

Over May and June, Andrew King has been interviewed by representatives of the media on a number of occasions. First of all he was asked for comment on the housing aspects of the 2016 Budget. Then the change of the Tenancy law requiring minimum standards for rentals became the hot issue as the end of June approached.
01-07-2016 more >>

Warmer, drier, safer rental law kicks in

Tenancy law changes covering smoke alarms, insulation, enforcement of standards and property abandonment come into effect tomorrow, Building and Housing Minister Dr Nick Smith says
30-06-2016 more >>

Big price reductions on heating from Infracomfort

It is worth looking at the heating options offered by Infracomfort. They have reduced pricing and have a new product to offer.
20-06-2016 more >>

New relocation grant available from Monday

Grants of up to $5000 to cover costs involved in moving from Auckland will be available from Monday, 20 June, for eligible people who may want to relocate to other areas of the country but find cost a barrier.
17-06-2016 more >>

Law change proposed to address 'P' house problem

National MP Andrew Bayly is proposing changes in the law to address the problem with methamphetamine-contaminated houses.
15-06-2016 more >>

Are there really too many property investors?

A recent CoreLogic report has claimed that 46% of property sales in Auckland over the last month were to investors. This figure was obtained by counting the number of properties bought by people who have an existing home. Apart from investing, there are many other situations where this may occur.
13-06-2016 more >>

Reducing risk as a landlord

The NZPIF insurance providers - Initio and First Lane Insurance - have provided these eight tips for reducing risk as a landlord
10-06-2016 more >>


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