Wairarapa Property Investors' Association

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wairarapa@nzpif.org.nz

News & Updates

Recent updates

Wairarapa News

Housing: blame the Government

Tim Horsbrugh, President of Wairarapa PIA, has this article published in the Wairarapa Times
17-09-2022 more >>

Reversal of the rental tax would be great as well

There are similarities between the tax increase on superannuation fees, now reversed, and tax increases on rental property.
01-09-2022 more >>

OCR increased to 3 percent from 2.5 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employmen
17-08-2022 more >>

Rent is not the biggest contributor to inflation

Chief Human Rights Commissioner Paul Hunt has called for an immediate freeze on rent increases to give renters some reprieve during the cost-of-living crisis.
16-08-2022 more >>

Selective reversal of mortgage interest deductibility does not benefit the majority of tenants

The vast majority of tenants cannot afford brand-new, high-end rental accommodation. They want well maintained, warm, dry but ultimately good value rental accommodation
12-08-2022 more >>

NZPIF supports many changes for a better rental environment

The NZ Property Investors Federation (NZPIF) is happy to support changes that make for a better rental environment. However, Tenants Action Wellington has today made outrageous demands for changes to rental laws.
28-07-2022 more >>

Housing and tax

Paul Conway, RBNZ Economist, has stated that the Tax Working Group in 2018 showed that the tax system had historically favoured housing as an investment asset. Peter Lewis, Vice President of NZPIF challenges this statement
24-07-2022 more >>

Official cash rate increased to 2.50% today

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.50 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment.
13-07-2022 more >>

Official cash rate increased to 2.0 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment.
25-05-2022 more >>

Changes to Healthy Homes standards come into force 12 May

Check these changes to see if you need to do extra work on your rental.
12-05-2022 more >>

NZPIF launches plan to fix rental crisis

The New Zealand Property Investors Federation (NZPIF) has researched the reasons for the rental crisis and developed a five-point plan to fix it.
02-05-2022 more >>

Tenancy Services and REINZ host a Privacy Week Webinar 12 May

You are invited to participate in this webinar - Navigating privacy changes in property management.
19-04-2022 more >>

Official cash rate increased to 1.50 percent

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment.
13-04-2022 more >>

OCR increased to 1%

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent.
23-02-2022 more >>

Fixing the Rental Crisis

See the full report on our plan to fix the rental crisis here and a summary here. New Zealand has a rental property crisis. There are not enough rental properties, which has seen the Social Housing Register explode to over 25,000 and $1m of Government funds a day spent on motels to house tenants with emergency housing needs. First Homeowners have been prioritised over tenants and rental providers have been discouraged from providing rental accommodation. The system has been broken and needs to be improved to increase the supply of rental properties, lower the cost and price of rental properties and provide more stable rentals properties.
14-02-2022 more >>

Understanding the effects of the changing market

In December 2021 and January of this year, NZ Property Investors' Federation, in association with the NZ Property Investor, surveyed members  throughout the country to understand how the changes in the housing market are affecting members.
04-02-2022 more >>

Rent controls do not make renting easier

Associate Minister of Housing, Poto Williams, indicated today that rent controls are being considered due to high rental prices in New Zealand.
03-02-2022 more >>

Not many mega-landlords

A Sunday Star Times article today claims that New Zealand is owned by a group of mega landlords and not the mum and dad landlords owning one or two rentals.
28-11-2021 more >>

NZPIF welcomes new Privacy Commission Guidelines.

The NZ Property Investors Federation (NZPIF) welcomes the new guidelines released by the Privacy Commission. These guidelines are governed by the Privacy Act 2020 and must be followed by all private rental property providers, including property managers.
11-11-2021 more >>

New program of compliance from Privacy Commissioner

The Privacy Commissioner is cracking down on the lack of compliance by property managers and agencies in a new program aimed at protecting tenants' personal information.
10-11-2021 more >>

Official Cash rate increased to 0.50 percent

The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment.
06-10-2021 more >>

Government's rental property interest deductibility details released

In March this year, the Government brought in radical changes for property investors, treating them differently from any other business by removing the ability to deduct mortgage interest as a legitimate business expense. MBIE, IRD, accountants and tax experts do not support these changes.
29-09-2021 more >>

Official cash rate on hold at 0.25 percent

The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today's decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand. 
18-08-2021 more >>

Controversial tenant shows why 90 day notice needed

Sharyn Shepherd, also known as Hope Maree Taylor, is a convicted fraudster who has reportedly harassed her neighbours at the Otautahi Community Housing Trust complex so much that they are frightened to go outside.
26-07-2021 more >>


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