Wairarapa Property Investors' Association

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News & Updates

Recent updates

Archive: July 2009

Letting services under the spotlight

Letting services will be under the spotlight after the government decided against including property managers in tighter regulation for real estate agents, according to a cabinet document.
31-07-2009 more >>

Political & Regulatory Report for July 2009

An update on the Residential Tenancies Amendment Bill, Property Managers Review, Home Insulation, Associated persons rule and the No Asset Procedure.
31-07-2009 more >>

Bollard holds OCR at 2.5%

Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy "weak." The Kiwi tumbled after his statement.
30-07-2009 more >>

Landlords support updating of 23 year old RTA

The New Zealand Property Investors' Federation (the Federation) briefed the social service select committee on the Residential Tenancies Act Amendment Bill yesterday, Wednesday 29 July.
30-07-2009 more >>

Building law being streamlined

A bill aimed at speeding up the building consent process and reduce costs is set to become law, after making its way through Parliament.
30-07-2009 more >>

HNZ to launch new Options and Advice service

Housing New Zealand is launching a pilot of an Options and Advice service in eight of its Neighbourhood Units on 12 August.
30-07-2009 more >>

Building consents drop in June, due to apartments

New Zealand home-building consents tumbled in June, reflecting a drop-off in apartments from the previous month and the continuance of broadly weak issuance levels.
29-07-2009 more >>

Ways of acquiring commercial property

You may have been thinking of diversifying your residential property portfolio and exploring the possibility of commercial property. Here are some options.
28-07-2009 more >>

Repairs and maintenance in rental properties

Landlords and tenants have a shared responsibility to keep a rental property in good condition
28-07-2009 more >>

Surge in demand for serviced apartments

Two and three-bedroom serviced apartments in Auckland's Viaduct are doing exceptionally well in the recession, according to David Graham of Quinovic Viaduct.
28-07-2009 more >>

Property prices expected to fall further despite recent rise.

Just when you thought you had the property market figured out, think again.
27-07-2009 more >>

Property indicators on the way up

The New Zealand housing market showed signs of life in June, according to the latest Property Cycle Indicator.
27-07-2009 more >>

Over-extended property investors being forced to sell

Terralink says investors who over-extended themselves during the property boom are being hit hard by mortgagee sales.
26-07-2009 more >>

NZPIF submission on the RTA Amendments Bill Pt 1

This submission was forwarded early in July and the NZPIF will be making an oral presentation on 28 July to the Social Services select committee.
23-07-2009 more >>

NZPIF Submission to the RTA Amendments Bill Pt 2

The second half of the submission from Clause 22.
23-07-2009 more >>

Rents hit by oversupply of property

An oversupply of residential rental properties is putting pressure on rent prices, which reduced by an average of 3.5% across the country in the past three months, First National Group reports.
22-07-2009 more >>

Increased optimism in the property market

In the second quarterly survey of the New Zealand housing market carried out by QV.co.nz there are signs of improving optimism.
21-07-2009 more >>

Veda’s new credit rating product receives mixed response from property investors

Credit rating agency Veda Advantage’s product overhaul has received a mixed response from property investors as they prepare for the new scoring system to come into effect next week.
20-07-2009 more >>

Risky property cycle needs to be broken

With signs of recovery getting stronger, the worry is growing that nothing is going to change.
17-07-2009 more >>

Migration keeps property market chugging along

ANZ National Bank’s eight gauges of the housing market have reiterated the support the sector’s found with burgeoning net migration, but with a slowdown in winter typical, “it won’t be until spring that we will get a clearer picture.”
15-07-2009 more >>

Loan scheme extension to aid first-home buyers

Lending limits for "Welcome Home" loasn for the first home buyers look set to increase next month, opening the scheme up to low-income home-buyers in parts of Auckland and Tauranga for the first time in several years.
14-07-2009 more >>

New sale and purchase agreement on its way

A new plain English Sale and Purchase form has been developed by the Real Estate Institute of New Zealand (REINZ) which will be available to vendors and purchasers this week.
14-07-2009 more >>

Lift in market activity continuing

The property market is continuing to experience significantly higher levels of sales activity compared to 12 months ago and many are selling at auction, according to Harcourts' latest statistics.
14-07-2009 more >>

Rural property reaches realistic levels after 'euphoric' high

The "euphoria" created by the hefty Fonterra payout last year has evaporated, bringing the rural property market back down to more realistic levels, the latest Real Estate Institute of New Zealand (REINZ) Rural Market report reveals.
13-07-2009 more >>

Landmark eviction case could damage the rights of NZ landlords

The Property Investors Federation has raised concerns about a landmark eviction case in Wellington, which they say could damage the rights of landlords nationwide.
12-07-2009 more >>

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