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 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 >>
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 >>
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 >>
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.Â Taking on investment properties has never been for the faint hearted and the risk profile seems ever increasing. 01-03-2023 more >>
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.Â The Government has introduced significant residential tenancy legislative changes favouring tenants and alienating landlords over the last few years. 15-02-2023 more >>
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 >>
In October Andrew King resigned as President of the NZ Property Investors Federation (NZPIF) to begin an extended motorcycle tour, with his wife Sarah, through Central and South America. After 26 years of involvement, it is the end of an era for NZPIF. His enthusiasm for property, tenants, landlords and the improving of membership benefits has been exemplary. Â Much has been achieved during his tenure for the Federation to become a well-informed voice for property investors in political and media circles. 01-12-2022 more >>
There has been recent publicity* around the shortage of residential rentals on Waiheke Island. There, the lack of reasonably-priced rentals is seriously affecting those people who earn quite modest incomes as they work in the Islandâ€™s service industries. 21-11-2022 more >>
It is good to see that the Chief Human Rights Commissioner, Paul Hunt, is acknowledging that people who rent their homes are now moving between tenancies less often than in past years. 09-11-2022 more >>
By the time you are reading this, my wife, Sarah, and I will be starting a seven-month motorbike journey from San Francisco to Santiago in Chile. This is part one of a plan to motorbike around the Americas. Naturally this means my 26-year involvement (nearly half my life!) with the rental property industry is coming to an end. It has certainly been a journey and Iâ€™d like to thank Sarah and the kids for putting up with a lot. 01-11-2022 more >>
Recently there have been calls for the compulsory registration of Residential Property Managers.
These property managers act as middle-men between the property owner and the tenant, collecting the rent and handling any issues that may come up during the tenancy relating to the tenant's behaviour and with the property itself. 20-10-2022 more >>
There are people and organisations that would prefer rental properties to be provided by social landlords like the state or Community Housing Providers (CHiPâ€™s).
They make the argument that social housing providers charge lower rental prices and offer better security for tenants and the Government appears to agree. But is it true? 17-09-2022 more >>