The current rental situation in Auckland is becoming increasingly dire, with the city now reported as one of the most expensive places in the world to rent. 20-11-2023 more >>
The recent ‘Sunday’ television report on Queenstown's rental housing shortage highlighted a nationwide issue in New Zealand: the diminishing availability of rental properties. 12-11-2023 more >>
The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.
Interest rates are constraining economic activity and reducing inflationary pressure as required. 04-10-2023 more >>
New research from Motu found that the level of well being of a tenant related to the length of time the tenant had been in one tenancy. The NZPIF has been advocating for the ability to provide this since February 2022 29-09-2023 more >>
In this article Miriam Bell describes the experience of Cat Slater who only owns two rentals both in Auckland purchased to fund her retirement. 29-09-2023 more >>
There is much misunderstanding around the deductibility of mortgage interest for tax purposes relating to residential investment property. 24-09-2023 more >>
We hear many ways each political party talk about the housing crisis, and their solutions to fix this. Adding a new tax to rental property provider and adding more RTA rules to make it harder to supply is obviously not the answer. 13-09-2023 more >>
The current level of interest rates is constraining spending and hence inflation pressure, as anticipated and required. The Committee agreed that the OCR needs to stay at restrictive levels for the foreseeable future to ensure annual consumer price inflation returns to the 1 to 3% target range, while supporting maximum sustainable employment. 16-08-2023 more >>
The Green Party is calling for a rental property warrant of fitness which is likely to hit renters with an unnecessary cost of around $90,000,000 a year. The idea of a rental property warrant of fitness was first raised 25 years ago and has been rejected by all Governments ever since. 02-08-2023 more >>
Tim Horsbrugh explains that the one policy that has had the most significant effect on tenants is the tax change in which rental property owners can no longer claim their interest costs as a business expense. 02-08-2023 more >>
Radio NZ reports that house prices have fallen yet again as higher interest rates continue to limit demand for properties. CoreLogic's latest house price index showed property values fell 1.2 percent in June, down 10.6 percent from a year ago. 06-07-2023 more >>
April rental statistics from the Bond Centre have been released. You can see how your property rental prices have changed over the years at the rental price calculator on the NZPIF website. As at April 2023, the national rental price was relatively stable at $570pw, an increase of around 3% over the last year. Quite modest considering interest rate increases and further removal of interest deductibility. 28-06-2023 more >>
Sue Harrison, President of NZPIF, talks about the adverse effects on tenants as a result of the interest deductibility rule imposed on rental property owners by the current Government. 27-06-2023 more >>
Making landlords and tenants into adversaries has been a popular narrative with the media and helps the current Government bring in some heavy disincentives to own rental properties. There have been so many levers pulled to ensure that house prices come down while interest rates, rates, insurance, maintenance and associated costs have gone up. The Government say they are helping tenants, but the tax grab and extra rules have brought significant negative impacts. 14-06-2023 more >>
The 2023 Budget has done nothing to ease the pressure on tenants as their property owners struggle with rising costs, forcing them to increase rents in order to stay financially viable. 31-05-2023 more >>
The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment. 24-05-2023 more >>
Budget 2023 continues the Government’s commitment to tackle the housing shortage by delivering 3,000 more public housing homes, supporting more people at risk of homelessness, building more houses for Maori and those impacted by recent severe weather events. 19-05-2023 more >>
As the value of properties throughout the country are falling dramatically we have survey results that prove the structural damage being done to the rental marketplace. The marketplace relies very heavily on private ownership of around 85% or rental homes. Owning rental homes is a business with a range of expenses beyond the mortgage involved, so there needs to be some rewards as part of the risks of the investment involved. 14-05-2023 more >>
A large proportion of rentals in New Zealand are offered by private landlords. The State cannot house all who need accommodation and National is to be congratulated for seeing private landlords as part of the solution to the difficult housing situation in New Zealand and not the problem. 30-04-2023 more >>
In times of crisis property investors and landlords with well located, good homes come into their own. We applaud our North Island Property Investor Associations for ongoing support stewarding members through the weather events and being there in good times and bad. 14-04-2023 more >>
The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent.
The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target range over the medium term. Inflation is still too high and persistent, and employment is beyond its maximum sustainable level. 05-04-2023 more >>
Sue Harrison says that the survey of members in February this year, highlights the changes in members’ attitudes since 2021 when the same survey was carried out 23-03-2023 more >>
