NZPIF 2012 Roundup This has been quite a year for the Rental Property industry. Since 2008, the NZPIF has been saying that the housing market is likely to be quiet until 2012 and this seems to have been a fairly accurate prediction. While it is certainly early dayâ€™s, the housing market is now nearing boom like increases in some parts of the country and is likely to move in other parts soon. 01-12-2012 more >>
NZPIF Conference '12 Report This years NZPIF conference in Hamilton was another major success. Attendees experienced a full weekend of devouring property related information plus sharing war and successes stories with other attendees. The mood was buoyant with many attendees looking to take advantage of market conditions. 01-11-2012 more >>
NZPIF rejects call for Rental Property WOF The Childrensâ€™ Commissioner established the grandly titled â€œExperts Advisory Group on Solutions to Child Povertyâ€ in March this year. This group has recently produced its first report which included a number of proposals that the group claimed were â€œambitious, but they are also realistic, cost-effective, based on evidence, and take into account New Zealand's economic and fiscal contextâ€. 01-10-2012 more >>
Insulation survey The NZ Property Investorsâ€™ 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 >>
If it aint broke, donâ€™t fix it Presidents Report: The opposition Labour Party have recently accused landlords of ripping off tenants who receive the accommodation supplement (AS). 01-08-2012 more >>
Rental Property back on top Presidents Report: The latest quarterly investor confidence survey from ASB Bank confirmed that rental property is again the top investment that people felt would give them the best return. This is the first time that rental property has been at the top of the list for over two years.
01-07-2012 more >>
Be careful who you trust There are many indicators pointing to an improving property market. The economy is doing well, affordability is back to levels last seen 10 years ago, Interest rates are predicted to stay low for longer, demand is increasing yet new building consents are still quite low. 01-06-2012 more >>
NZPIF Survey shows long wait for Tribunal The announcement that the Department of Building and Housing (DBH) was to be moved into the new â€œSuperâ€ Ministry came as a shock to the industry last month. DBH had already been restructured for â€œefficienciesâ€ and the general perception from all industry participants was that the service level had fallen dramatically. 01-05-2012 more >>
Professionalism and Profitability Having recently re-let a rental property, some of the comments from prospective tenants made me think about the service level of some rental property providers. Our rental was a nice place in nice condition and somewhere I would happily live. But it was by no means a mansion. It had not been renovated or improved for some time and we had just provided some basic extra cleaning in addition to the previous tenantâ€™s efforts. 01-04-2012 more >>
Should you be putting your rents up? There has been quite a bit of media attention on increasing rental prices recently. This is a common occurrence at this time of the year, as many people are change their circumstances in the new year and University Students are coming back at the start of the new academic year. But does that mean we can all put our prices up? 01-03-2012 more >>
Clear thinking from Productivity Commission The New Zealand Productivity Commission as an independent Crown Entity established by the Government in December 2010. The Commissions purpose is to help the Government improve laws and regulations that guide and incentivise how individuals, businesses and other organisations make their decisions. 01-02-2012 more >>
What are you going to do this year? The start of a new year is an excellent opportunity to examine your rental property, look at the investment environment and make some plans for what you want to achieve over the coming year. By the time you read this, hopefully you will still be on your Christmas break and will have some time to have a good think about what you are doing with your property, free from work or business commitments. 01-01-2012 more >>
Tenancy Tribunal Hearing Delays A common problem that I have been hearing for most of this year is how long it takes to get a Tenancy Tribunal hearing. I know from recent personal experience how frustrating it is to have a tenant living in your property and refusing to pay rent. You feel powerless as you wait for the hearing date to finally arrive. 01-11-2011 more >>
The Politics of envy The NZPIF has had two meetings this year with senior Labour Ministers. At both these meetings we asked about Labour's housing policy and if any new taxes were being considered. We were told that a land and capital gains tax had been looked at, to pay for extra planned spending, but there were problems with both and would not be part of their policy. 01-08-2011 more >>
July Presidents report Last month the NZPIF held a communication meeting in Wellington for all affiliated Property Investor Associations around the country. This is an annual event and a marvellous opportunity the us to tell the PIAâ€™s what we are doing, hear what they would like us to do and also share information among themselves on how to make their associations better for their members. 01-07-2011 more >>
Property dodges budget bullet, but still in some sights The Minister of Finance did not include any surprise new taxes for property in this yearsâ€™ budget. He has obviously seen that the changes from last years budget, which came into affect in April this year, have had quite an impact on the industry already and that we have made our contribution to these tough economic times. 01-06-2011 more >>
Thank you Martin It was the end of a very special era last month, when NZPIF President Martin Evans decided not to stand for re-election after four years in the job. 01-05-2011 more >>
Presidents report The half a percentage point reduction in the Official Cash rate will be good for the economy and a welcome relieve for rental property owners. The timing of the interest rate cuts is excellent, coming just as building depreciation allowances are being removed for residential rental properties. However the interest rate cuts will not fully compensate for the tax changes that came into place on the first of April. In addition, rental prices only increased by an average 3% last year while general inflation was at 4%. Combined with an increase in demand and weak supply, almost everything is pointing to higher rental prices. 01-04-2011 more >>
The risks associated with long term property investment There is a particular risk that has showed up recently and that is building a property portfolio in a single area. The recent events such as the Christchurch earthquake and the Queensland floods have caused huge problems for the local populations and even loss of life. These natural disasters have also caused many problems for property investors and their tenants in both areas. These problems will have been especially bad for investors who had all their properties in the one area. 01-02-2011 more >>
Current market conditions favour investors In my travels around the Property Investor Associations I have picked up on quite a few experienced members increasing their portfolios. In fact even some of the less experienced investors are learning to be counter cyclical from other members and either starting or expanding their investments. 01-08-2010 more >>
President's April Report Drugs in rental properties.
Responsibility for Outgoings.
Submission on the Unit Titles Bill.
Changes to Associated Persons rules.
Monthly reports from Thomas Chin.
HERS and NZBCD proposal.
23-04-2009 more >>
President's March report Meeting with Minister of Housing.
Assisting with revision of RTA Amendment Bill (no 2).
Second survey on property managers.
CHRANZ Aged Housing Workshop.
24-03-2009 more >>
President's February Report Outlook for 2009.
Property investors will find opportunities.
Important to consider the hardship of others.
Rents likely to rise.
17-02-2009 more >>