Wairarapa Property Investors' Association

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Wairarapa News

Election 2023 Policy Priorities

One of New Zealand Property Investors Federation (NZPIF) key functions is to advocate with politicians and government departments for fair rules that not just benefit our tenants, but also encourage aspiring investors to offer well managed homes for them. For this reason we offer some policy priorities for members to discuss with their MP’s and political candidates. These are policies which will be critical to encouraging investors to either hold on to their properties, buy more investment rental homes, or encourage new investors to provide rental homes.
10-07-2023 more >>

CoreLogic releases latest house price index

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 >>

Tim Horsbrugh's letter to the editor - rental property owners are a necessity

This article was published on the 5th of July in the Masterton Times Age
05-07-2023 more >>

Auckland rents play catch up

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 >>

Tenants lose from Government's tax

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 >>

What's good for the goose by NZPIF President Sue Harrison

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 >>

No benefits for renters in the 2023 Budget

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 Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.

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

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 >>

Killing off the Golden Goose by NZPIF President Sue Harrison

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 >>

Proposed changes will benefit tenants and landlords

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 >>

Large rent increases in January not maintained

February rental statistics from the Bond Centre have been released.
16-04-2023 more >>

The Property Investor Network by NZPIF President Sue Harrison

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 >>

Official Cash Rate increases from 4.75% to 5.25% today

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 >>

Supply of rentals decreasing

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 >>

What's ahead for renting in 2023

Phenomenal rain in Auckland and other areas causing destructive flooding is life as we know it in a world facing pandemics, climate change, and other challenges such as earthquakes and eruptions.  Taking on investment properties has never been for the faint hearted and the risk profile seems ever increasing.
01-03-2023 more >>

Reserve Bank increases the Official Cash Rate from 4.25% to 4.75%

The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 4.25% to 4.75%.
22-02-2023 more >>

Survive and thrive the year of challenges

Statistics show how much our government relies on private landlords to provide rental accommodation with a current level of around 85% of rental homes privately owned.  The Government has introduced significant residential tenancy legislative changes favouring tenants and alienating landlords over the last few years.
15-02-2023 more >>

Overall rent increases less than inflation

Sue Harrison. President of NZPIF, says December rental statistics from the Bond Centre have been released and it is evident that rental prices over the whole of New Zealand have increased by less than 5.1% in the year to November 22 at a time when overall inflation rose to 7.2%
14-02-2023 more >>

For those whose rentals have been flooded

Information from the NZPIF Executive Team
30-01-2023 more >>

Immediate improvement possible to the cost of living

Chris Hipkins could make an immediate improvement to one aspect of the cost of living.
25-01-2023 more >>

Housing crisis will get worse: Alexander

There’s no let-up in sight for housing affordability and availability, particularly in Auckland, says BNZ chief economist Tony Alexander.
28-03-2013 more >>

Signs point up for prices: ANZ

Annual house price inflation has reached the highest level seen since late 2007, ANZ says in its latest Property Focus report.
28-03-2013 more >>

House building down

Retirement village construction plans was behind an increase in building consents of 1.9% in February.
28-03-2013 more >>

Waikato lifestyle beckons for city folk

Aucklanders are looking south of the city for cheaper properties and a more relaxed lifestyle, the Real Estate Institute says.
27-03-2013 more >>


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