Wellington Property Investors' Association

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Wellington News

Housing Foundation research on benefits of transitioning people into affordable home ownership

To our knowledge this is the first time that this research has been done in New Zealand. The FCSPRU report looked at 120 international studies and shows that there are statistically significant benefits to home ownership in health, employment, crime, welfare, economic and education outcomes
12-04-2017 more >>

It's always hard to buy a home

"Many people claim that housing has never been less affordable and that it is an impossible dream for today's young people”, says Andrew King, Executive Officer of the NZ Property Investors' Federation. "While these well-meaning people believe they are standing up for young first home buyers, they may in fact be doing them a disservice.”
12-04-2017 more >>

Government releases EOI for Christchurch transfer

Today the Government issued an Expression of Interest to Community Housing Providers interested in taking over ownership of up to 2500 social houses in Christchurch. As part of this deal, the new provider will be required to provide at least 150 additional new social housing places.
10-04-2017 more >>

RMA reform Bill committee stage being debated

Parliament will today debate the committee stage of a Bill that is the second phase of the Government's substantial reforms to the Resource Management Act (RMA), Environment Minister Dr Nick Smith says.
04-04-2017 more >>

This time is different - cooling property market and higher interest rates

This monthly ANZ Property Focus publication provides an independent appraisal of recent developments in the property market.
03-04-2017 more >>

Labour looks to restrict negative gearing for rental properties

Labour leader Andrew Little has confirmed that in addition to increasing the Bright Line Test for rental property from two to five years, Labour will also remove negative gearing for rental property.
03-04-2017 more >>

Home building consents up in February

Home building consents rebounded in February 2017, but were up only slightly from February 2016, Stats NZ said today. A total of 2,418 new homes were consented in February 2017 – up 1.6 percent from February 2016.
31-03-2017 more >>

Watch a monthly undate from Jonno Ingerson of CoreLogic

This is the property and economic update for March 2017
27-03-2017 more >>

New landlord for 1140 Tauranga HNZ tenants

From next month, Accessible Properties will take over 1138 social houses and tenancies owned by Housing New Zealand. "This is the first regional, large-scale transfer of Government-owned social houses to a community housing provider. They are a major plank of our plan to improve social housing,” says Social Housing Minister Amy Adams.
24-03-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

A statement by Reserve Bank Governor Graeme Wheeler
23-03-2017 more >>

Minister welcomes first landlord conviction under new law

Building and Construction Minister Dr Nick Smith has welcomed the Ministry of Business Innovation and Employment's (MBIE) Tenancy Compliance and Investigations Team's first successful prosecution of a landlord for renting a substandard property, under the Government's tenancy law reform passed last year.
17-03-2017 more >>

The NZ Property Investors' Federation needs a crowd

If you are not a member of a local Property Investors' Association, read on and tell us what you would like as a member by taking our survey. If you are already a member, send this item on to a friend who is a property investor but not a member.
10-03-2017 more >>

Byelection in Mt Albert

I live in a part of the Mt Albert electoral area. As you read this, the results of a byelection in my area would have been announced. It is an interesting byelection as National are not putting forward a candidate, but Gareth Morgan's new Opportunities Party is.
03-03-2017 more >>

Landlord's Insurance Q & A

What you need to know about insuring your investment property.
28-02-2017 more >>

Tony Alexander looks at the population growth statistics

Statistics New Zealand this week released updated projections of population growth for NZ regions and local authority areas out to 2043. Almost all areas have seen improvements on the back of higher net immigration flows, but still there are 17 areas where population decline is projected. We republish their tables so people looking at the regions and perhaps investing outside the main centres can have realistic views on how much future demand for housing there may be.
23-02-2017 more >>

Price expectations cool in line with a slowing housing market

This Housing Confidence report has been prepared by Kim Mundy, ASB economist
20-02-2017 more >>

Finance Minister's outlook on the economy

In a speech to Massey University and the Auckland Chamber of Commerce, Steven Joyce says at a time when many parts of the world face significant political and economic risks, the outlook for New Zealand is positive. Businesses are investing, job growth is solid and wages are rising faster than inflation.
16-02-2017 more >>

Has it ever been as hard for first home buyers?

For the last few years we have been inundated with media articles and opinion pieces on how we have a housing crisis and that the young are doomed to be tenants for life.
16-02-2017 more >>

Official Cash Rate remains unchanged at 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler
09-02-2017 more >>

Health and safety considerations for residential landlords

The current Health and Safety legislation imposes requirements on the landlords of rental property.
05-02-2017 more >>

TINZ in the news

An advocacy group Renters United is worried the TINZ tenant checking system could be abused. TINZ allows landlords to rate tenants at the end of their tenancy and see how other landlords have rated applicants.
04-02-2017 more >>

Property Bright Line Test working well

"Recent CoreLogic data shows that flipping or rapid on-selling of houses is not as common as people may believe” says Andrew King, Executive Officer of the NZ Property Investors' Federation
03-02-2017 more >>

Rental property providers reject accusation

The New Zealand Property Investors' Federation (NZPIF) rejects accusation made against rental property providers by the Monte Cecilia Housing Trust.
24-01-2017 more >>

Happy New Year

I hope this magazine finds you still on holiday and enjoying a well earned break. This is a great time of the year to contemplate events of the past year and where you are heading in the coming year.
17-01-2017 more >>

NZ Standards for Meth - public consultation and NZPIF policy

The draft NZ Standard for meth is now open for public consultation. Submissions close on 20 February 2017.
21-12-2016 more >>


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