Wairarapa Property Investors' Association

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Archive: 2012

OCR stays at 2.5%

The Reserve Bank has kept its official cash rate at 2.50% and says little has changed since its previous Monetary Policy Statement in June. “New Zealand’s trading partner outlook remains weak,” Reserve Bank governor Alan Bollard said. “Several euro-area economies are in recession and Chinese growth has slowed. The risk of significant deterioration in the euro area persists.”
13-09-2012 more >>

Lifestyle property market steady

New Zealand’s lifestyle property market isn’t firing up to the same extent as the residential market, according to the latest REINZ rural statistics.
13-09-2012 more >>

Investment: Research pumps shares

Study finds 40-year return on stocks more than twice that of property
12-09-2012 more >>

Recession a growth opportunity for property consultants

The global recession was an opportunity for growth for one Kiwi consulting company, which is expanding its services into the Australian property market.
12-09-2012 more >>

Heat pump subsidy scrapped

EECA has quietly done away with the $500 subsidy for heat pumps that was part of the Warm Up NZ scheme.
12-09-2012 more >>

Petition calls for property management regulation

Landlords are left vulnerable by an unregulated property management industry, says the organiser of a petition calling for rental properties to be brought under the Real Estate Agents Act.
11-09-2012 more >>

Federation's survey challenges insulation claims

Almost 80 per cent of rental properties have some form of insulation, according to a survey by the New Zealand Property Investors Federation.
11-09-2012 more >>

QV: Regional breakdown

Auckland's property market is still leading the way, although the heat has come off slightly, QV statistics show.
11-09-2012 more >>

Steady price rise, QV reports

Residential property prices continued to creep up in August, according to QV. Its latest index has been released, showing that values have risen 1.6% nationwide over the past three months, 4.8% over the past year and are now 0.4% off their 2007 peak.
11-09-2012 more >>

Christchurch Commercial rents to skyrocket

Commercial rents in Christchurch's CBD are expected to increase by 25 per cent when the city's rebuild is complete.
10-09-2012 more >>

Sales up but market still subdued: REINZ

There were 843 more sales in August this year than the same month last year, an increase of 16.2%, latest statistics from the Real Estate Institute show. But chief executive Helen O’Sullivan says the market is still subdued by normal standards.
10-09-2012 more >>

Survey shows that rental properties are well insulated

In response to claims that only 5% of rental properties in New Zealand are insulated, the NZ Property Investors' Federation has undertaken a survey of their members to more accurately estimage insualtion levels.
10-09-2012 more >>

Consider shares, property investors told

Long-term data on investment returns should surprise property investors, says Camelot Financial Group, a financial advice firm.
07-09-2012 more >>

Property finders nothing new: Newland

People using property finders to purchase homes and rental properties should be careful of situations where the finder gets a secret commission from both the buyer and the seller, says property commentator Olly Newland.
07-09-2012 more >>

Block houses might have got better prices sold separately: Newland

A property commentator says selling all four houses from TV programme The Block on the same day made good television but not good sense. The reality show, which followed four teams renovating homes on Auckland’s North Shore, culminated in a final last night, where the homes went under the hammer.
07-09-2012 more >>

Big lift in Canterbury reconstruction

Residential building rates jumped in the June quarter, up 7.1%, led by strong growth in Canterbury. By comparison, non-residential building work contracted by 5.6%.
06-09-2012 more >>

Warrants of fitness not the solution: NZPIF

Warrants of fitness for rental properties are not the solution to unhealthy homes, says the New Zealand Property Investors’ Federation.
06-09-2012 more >>

Sales booming but prices steady: Barfoot and Thompson

Auckland house prices sold in record numbers in August but prices remain steady, Barfoot and Thompson says. Managing director Peter Thompson said: “In August we sold 1016 homes, the third time this year that we have sold more than 1000 homes in a month. In terms of sales numbers we are certainly in a period of high activity as in the previous four years we sold 1000 homes in a month on only one other occasion (in March 2011).”
05-09-2012 more >>

IRD keeps eye on property profit

Property is in the Inland Revenue Department’s sights again this year. It has released its compliance focus document for the 2012-2013 year, which details the steps it will take to ensure property investors and traders are paying the correct amounts of tax.
04-09-2012 more >>

More regulation likely for proportionate schemes

More regulation around real property proportionate ownership schemes is unlikely to deter investors, says Mark Schiele, chief executive of Oyster Property Group.
03-09-2012 more >>

Inquiries slow for no-reserve auction

He’s had some of the highest-profile publicity available for the house he wants to sell but Trevor Palmer says so far that hasn’t turned into any extra inquiries.
03-09-2012 more >>

Insulation survey

The NZ Property Investors’ Federation needs to gain more information on rental property insulation for both lobbying purposes and obtaining discounts for members.
01-09-2012 more >>

High vacancy rates may limit rent growth

Rental prices in New Zealand have grown well over the past few years, however this growth has slowed through this years winter months. The median rental price grew from $330 in January this year to $340 in May, but fell in July to $320.
01-09-2012 more >>

High-flier bankrupted

High-profile property developer and racehorse owner Don Ha has been bankrupted. Ha and his wife Mohini were bankrupted in the Auckland High Court yesterday after action brought by KiwiBank, supported by BNZ, Westpac, ANZ National and the Public Trust.
31-08-2012 more >>

Construction rates up but not enough: Master Builders

Construction growth is tailing off everywhere except Auckland and Canterbury, the Registered Master Builders Federation says. The latest building consent figures show an increase in activity on 2011, with 1478 house and apartment consents issued in July 2012, a 26 per cent increase on the same month a year before.
31-08-2012 more >>

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