Wellington Property Investors' Association

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wellington@nzpif.org.nz

News & Updates

Recent updates

Wellington News

Official Cash Rate (OCR) remains at 1.0 percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. Low interest rates remain necessary to keep employment and inflation around target.
12-02-2020 more >>

Annual rent movement highest in 11 years

"High rental price increases should not come as a shock to anyone", says Andrew King, Executive Officer of the NZ Property Investors' Federation (NZPIF). "While Statistics NZ has pointed to the Healthy Homes legislation, this is only one change that has pushed rental prices higher."
25-01-2020 more >>

Setting and meeting goals

The Christmas period is a wonderful opportunity to take some time to think about long term goals. Back in December of 2009, I set a 10-year goal of stopping paid work and starting to travel more and take on new experiences. So that goal date was last month and boy has it come around quickly.
21-01-2020 more >>

Many changes in the rental property industry over the last few years

Many changes have occurred to the rental property industry over the last few years. The NZ Property Investors Federation has been extremely active in providing a voice for rental property providers. It has been hard work; however it is pleasing to start seeing some good results.
21-12-2019 more >>

Neighbours from hell will increase

A Christchurch motel owner has had to put up with what he describes as "neighours from hell", despite police, Corrections, the SPCA and dog control trying to help. The motel owner is the latest victim of antisocial tenants.
27-11-2019 more >>

All New Zealand will be affected by tenancy changes

Government has announced the changes they intend to make to the Residential Tenancy Act. We managed to get some wins, such as the rules around pets will not change and modifications that tenants can make to the property are minor and still need the landlord's con
20-11-2019 more >>

Landlords will not be able to protect neighbours

Government has announced a raft of changes to the Residential Tenancies Act. The Minister has said he does not want to be seen to unduly punishing landlords. These changes do more than punish landlords however. They will punish anyone living next to a tenant with antisocial behaviour. 
17-11-2019 more >>

Already hard for landlords to protect neighbours

After more than seven months of trying to end a tenancy to protect neighbours, a Rotorua property manager has finally received approval from the High Court to end the tenancy.
15-11-2019 more >>

Official Cash Rate (OCR) unchanged at 1.00 percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range. Economic developments since the August Statement do not warrant a change to the already stimulatory monetary setting at this time.
13-11-2019 more >>

Government considers extending failed HNZ policy to private rentals

Neighbours and communities around New Zealand are having their lives ruined by the antisocial activity of some Housing New Zealand (HNZ) tenants. Government is currently considering extending the policy to private rentals that allows this to happen. Many more neighbours will suffer if private landlords are not allowed to manage their properties effectively.
12-11-2019 more >>

Proposed change with potential huge impact

Imagine living next door to loud, obnoxious and potentially violent neighbours. If they were tenants then you might expect their landlord to do something about it and protect you.
07-11-2019 more >>

A tribute ot Foster Rudd - NZPIF President 1984-1986

It is with sadness we report the passing of Foster Rudd to whom we will always be grateful for the significant part he played in the establishment of the NZ Property Investors Federation (NZPIF)
25-10-2019 more >>

Neighbours at risk from uncontrollable tenants

Government is looking at changes to tenancy law that will make it harder for rental property providers to manage unruly tenants, many of whom make their neighbours' lives hell.
21-09-2019 more >>

Neighbours at risk from uncontrollable tenants

Government is considering changes to tenancy law that will make it harder for rental property providers to manage unruly tenants, many of whom make their neighbours lives hell. "The NZ Property Investors' Federation (NZPIF) is extremely concerned that more neighbourhoods will become domestic war zones, as happened in Motueka, if the right to issue no stated cause notices is removed" said Andrew King, Executive Officer of the NZPIF.
18-09-2019 more >>

Kiwibuild reset a good idea

"The Kiwibuild reset is a good idea” says Andrew King, Executive Officer of the NZ Property Investors' Federation (NZPIF). However, providing $400,000,000 of taxpayer money to get "up to” 4,000 people into home ownership appears to be a very expensive investment. How will the lucky 4,000 be chosen and what about all the others who aspire to home ownership?
04-09-2019 more >>

Latest ASB Housing Confidence Survey July 2019

Confidence has been rising over the last three months
26-08-2019 more >>

2019 Conference was a positive event

I have just got home from the NZPIF conference in Rotorua. What a positive event it was, with the mood assisted by a great All Black win on the Saturday night, enjoyed by many of the attendees.
20-08-2019 more >>

RTA amendment Bill finally passes

It was great news that the RTA Amendment Bill was finally passed and came into law on the 31 of July 2019. The Bill improves the situation for three key issues. Tenants liability for damage, unlawful dwellings and methamphetamine.
19-08-2019 more >>

Home Affordability is improving according the the June Massey University report

Home affordability has improved driven by decreasing house prices, lower mortgage interest rates and increases in incomes
16-08-2019 more >>

Official Cash Rate (OCR) reduced to 1.0 percent

This statement was made by the Reserve Bank Governor today
07-08-2019 more >>

Residential Tenancies Amendment Act (No2) passed

This Act was passed on 30 July.
02-08-2019 more >>

New research shows increased population pushes up house prices but share of migrants does not

There has been widespread concern that strong increases in immigration flows have caused a housing crisis in New Zealand.
31-07-2019 more >>

Allocating liability for tenant damage to rental properties

"The NZ Property Investors' Federation (NZPIF) is extremely pleased that tenants are now at least partially responsible for the damage they cause to their rental property,” says Andrew King, Executive Officer of NZPIF.
25-07-2019 more >>

Promised heating grants for tenants cancelled

The Government announced today that grants of up to $2,500 for energy efficient heaters are now available as part of the Government's Warmer Kiwi Homes programme. "We have discovered that these grants are available to people in lower-income areas or Community Services Card holders, but only if you are a home owner," says Andrew King, Executive Officer of NZ Property Investors Federation (NZPIF).
19-07-2019 more >>

Ringfencing: Bad law but good for some

Last month Government passed legislation removing the right to offset rental losses against the tax paid on other income. It comes into effect immediately.
19-07-2019 more >>


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