Wairarapa Property Investors' Association

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News & Updates

Recent updates

  • Public submissions have be called for RTA Amendment Bill (No 2)
    The Residential Tenancies Amendment Bill (No 2) covers three key areas - unlawful rental properties, meth in rental properties and fixing up the debacle of tenants not being responsible for damage that they cause.
    09-08-2017 more >>
  • Renting out unlawful premises
    Building and Construction Minister, Nick Smith, recently introduced the Residential Tenancies Amendment Bill (no 2). While the part seeking to address the situation of tenants not being responsible for accidental damage they cause has received a lot of attention, there is another significant part to the Bill. This relates to landlords renting out unlawful premises.
    09-07-2017 more >>
  • Labour's tax policy 2
    In the April I wrote about Labour confirming they would remove the ability to deduct tax losses from property against other forms of income. Unfortunately they recently made it official at their annual conference.
    09-06-2017 more >>
  • Homes are more affordable
    An NZPIF study shows that while it is hard for first home buyers to get into their first home, it has always been this way.
    09-05-2017 more >>
  • Homes are more affordable
    There continues to be a large number of media articles talking about the "housing crisis" and people being tenants for life. I'm sure that the people saying that home ownership is not achievable for young people are doing this with the best intentions, but they are giving these people the wrong message.  Ironically, by trying to stand up for first home buyers they are likely putting them off even trying to achieve their first home.
    03-05-2017 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 >>
  • 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 >>
  • 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 >>
  • 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 >>
  • Positive end to the year
    This year has been quite a tough one for our industry, at least politically. The Reserve Bank has made financing rentals much harder, the courts have made us pay for our tenants damage and meth has continued to take off and act like a grenade being thrown around threatening to blow up our investments.
    07-12-2016 more >>
  • Osaki change being considered by Government
    The NZ Property Investor's Federation annual conference was recently held in New Plymouth and was an outstanding success.
    07-11-2016 more >>
  • Tenants' liability for damage 2
    In last month's article I discussed the ramifications of the court's decision to exemplify tenants from responsibility for any damage that they cause to their rental property.
    07-10-2016 more >>
  • Tenants' liability for damage
    n 2009, a tenant called Mrs Osaki left a pot of oil unattended on the stove. A fire broke out that caused over $200,000 of damage. The property was repaired through the owners insurance, but the insurance company decided to seek the cost of the damage from the Osaki's.
    07-09-2016 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 >>
  • 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 >>
  • We don't need more regulation
    Last month I wrote about house prices rising and the calls for more regulation. Unfortunately the calls for more regulation have been heard and the Reserve Bank is looking to introduce loan-to-income restrictions for mortgages.
    07-06-2016 more >>
  • We don't need more regulation
    Last month I wrote about house prices rising and the calls for more regulation. Unfortunately the calls for more regulation have been heard and the Reserve Bank is looking to introduce loan-to-income restrictions for mortgages.
    15-05-2016 more >>
  • No regulation needed
    The house sale statistics for March came out recently and showed that Auckland prices had risen after falling for several months. Other areas around New Zealand are also seeing house price increases and a new wave of media property angst developed.
    10-05-2016 more >>
  • Adding insulation not cost effective
    Over the last month or so, the NZPIF has attended workshops on the Residential Tenancies Amendment Act, more commonly known as "Minimum Standards for Rental Properties". We have also made two written submissions and attended a select committee hearing on the Bill.
    10-04-2016 more >>
  • Insulation tax deductions
    Due to insulation becoming compulsory in July, the NZPIF believe that the cost of the insulation should be tax deductible. To confirm this, last year the NZPIF requested clarification from the IRD.
    22-02-2016 more >>
  • Heavy handed UK rental taxes
    New Zealand is not the only country where people think that rental property owners are forcing people to be tenants. The UK Government has introduced tax changes aimed at forcing people out of owning rental property (termed buy-to-let in the UK) and reducing competition for first home buyers.
    25-01-2016 more >>
  • Cashing in on the baby boomer market
    Late last year the Salvation Army published an interesting report into housing Baby Boomers. The report claimed there will be around 200,000 people who in 2030 will be aged over 65 years old and not own their home. That should interest all forward thinking rental property owners.
    15-01-2016 more >>
  • Are you paying too much for insurance?
    The NZPIF has researched the property insurance market and found that some policies are not targeted for rental property and cost over 40% more than others.
    10-12-2015 more >>
  • Comparing cycles
    Andrew King was the first presenter at the 2015 NZPIF Conference and was asked to update attendees on the property market and where we are in the cycle. He said it was very interesting to do the research and see how different this cycle is behaving compared to previous ones.
    10-11-2015 more >>
  • Green Party's Residential Tenancies Amendment Bill
    Despite the minimum standards not even being in law yet, the Green Party has already reignited the issue with their Residential Tenancies Amendment Bill. A large part of this Bill is the call for a full WOF for rental property.
    04-10-2015 more >>

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