Wairarapa Property investors' Association

06 379 8188

wairarapa@nzpif.org.nz

News & Updates

Recent updates

  • Appointment of a new NZPIF Executive Officer
    It is wonderful news that Sharon Cullwick, our NZPIF President, has been appointed to take over from me as NZPIF Executive Officer. For an industry as large and as important as ours, the Executive Officer role deserved to be more than a part time position and the NZPIF Executive is to be congratulated for making this happen.
    03-03-2020 more >>
  • The story behind the rental price statistics for 2019
    Rental price statistics for 2019 came out recently and were very interesting to go through. The median rent for all areas and all property sizes and types hit an all time high of $468 per week, which is 4% higher than December 2018.
    21-02-2020 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 >>
  • 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 >>
  • 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 >>
  • 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 >>
  • 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 >>
  • Privacy issues
    As many of you will know, The Privacy Commission recently decided to design and publish what landlords could and couldn’t ask prospective tenants when looking to let out a property. Despite being just guidelines, it is likely that the Tenancy Tribunal would give the Commission’s ideas considerable standing.
    19-06-2019 more >>
  • No Capital Gains Tax is welcome news
    The Government’s announcement that they are not going to introduce a Capital Gains Tax (GCT) was very welcome. It is disappointing, however, that they are being attacked for their sensible decision.
    19-05-2019 more >>
  • Tax Working Group report
    The Tax Working Group has released their report and as expected it is a comprehensive (except for the family home) Capital Gains Tax.
    01-04-2019 more >>
  • Tenant advocate news
    Unfortunately I am having to write this just before the Tax Working Group recommendations are released, which is a shame. Fortunately (or perhaps unfortunately) there are many topics affecting our industry which I can write about.
    09-03-2019 more >>
  • Property wellness check
    The start of a new year is a good time to take stock of what is happening with your investments. Think of it like a wellness health check.
    10-02-2019 more >>
  • Ring fencing update
    Last year ended with the disappointing news that ring-fencing of rental property losses would no longer be permitted, despite it being available to all other forms of tax losses. Along with the Bright Line Test, this is another tax change which will only apply to rental property.
    09-01-2019 more >>
  • Two important industry reviews
    The NZPIF has spent a considerable amount of time and effort working on the Residential Tenancies Act Review and the Healthy Homes Standards.
    01-12-2018 more >>
  • NZPIF has always considered needs of tenants but tenant advocates have a different perspective
    From speaking to some tenant advocates it is clear that we come to the discussion from two very different viewpoints. It appears to me that some of the more vocal tenant advocates are extreme and one sided in their thoughts with an unrealistic expectation for the outcomes of their proposals.
    01-11-2018 more >>
  • Two critically important reviews on the rental industry are underway
    Two critically important reviews on the rental industry are underway simultaneously at present. The RTA Review and the review of standards for the Healthy Homes Guarantee Bill.
    01-10-2018 more >>
  • Capital gains tax may be in doubt
    By the time you read this article, the Tax Working Group should have released its interim report, with a Capital Gains Tax (CGT) expected to be the centre piece.
    01-09-2018 more >>
  • Impact of LVR restrictions
    Corelogic recently published some interesting information regarding the impact of LVR restrictions introduced by the Reserve Bank.
    01-08-2018 more >>
  • Tax Working Group agrees property fairly taxed
    We commissioned Financial and Economics Consultancy, Morgan Wallace, to review the study. Morgan Wallace produced a report showing that they had uncovered serious flaws with the TWG's study, leading them to conclude that apart from bank deposits, rental property is actually taxed at a higher rate than other asset classes.
    01-07-2018 more >>
  • Tax Working Group's property calculations questioned
    The NZPIF made a submission to the Tax Working Group (TWG)who appear to have a directive to recommend a Capital Gain Tax in NZ.
    01-06-2018 more >>
  • Sharon Cullwick, new NZPIF President
    I'm very pleased to let you know that Sharon Cullwick has been elected as President of the NZ Property Investors' Federation, taking over from Terry le Grove.
    01-05-2018 more >>
  • Students and rising rents
    Last December Trade Me reported that rents were going up around the country. Hardly surprising to rental property providers.
    01-04-2018 more >>
  • Bright Line test extension not a good idea
    Property Investor Associations educate investors to buy and hold their rental properties for the long term. It is a shame that Labour are pushing ahead with increasing the Bright Line Test from two to five years, but it isn't the end of the world for most of us.
    18-03-2018 more >>

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