Northland Property Investors' Association

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News & Updates

Recent updates

Northland News

Official cash rate on hold at 0.25 percent

The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today's decision was made in the context of the Government's imposition of Level 4 COVID restrictions on activity across New Zealand. 
18-08-2021 more >>

Controversial tenant shows why 90 day notice needed

Sharyn Shepherd, also known as Hope Maree Taylor, is a convicted fraudster who has reportedly harassed her neighbours at the Otautahi Community Housing Trust complex so much that they are frightened to go outside.
26-07-2021 more >>

Reserve Bank approved to use debt to income ratios

The Reserve Bank of New Zealand has announced plans to add debt to income ratios to its tool kit to dampen investor demand for properties.
17-06-2021 more >>

Debt serviceability restrictions added to tools the Reserve Bank can use

The Reserve Bank and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available.
16-06-2021 more >>

Confusing consultation paper

The Government has released a 143-page discussion paper on removing mortgage interest tax deductibility on investment properties and the extension of the Bright line test.
12-06-2021 more >>

Landlords say money would be better spent on something else

The government used the housing announcements of March 23 as its main avenue for legislation relating to rental properties. Still, it has, however, set aside $80 million in the Budget for the Bond Centre, Tenancy Tribunal, and Healthy Homes initiatives.
21-05-2021 more >>

Government rejects first home buyers, tenants and rental providers

The First Home Buyers Club, Tenants Protection Canterbury and the NZ Property Investors Federation have presented a letter to Government requesting them to reconsider removing mortgage interest costs on rental properties.
12-05-2021 more >>

Officials against rental property interest deductibility removal

Newly released information shows that in addition to Inland Revenue and Treasury, officials from the Ministry of Housing and Urban Development were unanimous in advising the Government against removing rental property mortgage interest as a tax deduction. This opposition is also supported by economists, the general public and even tenant groups who are also stating that the policy will lead to rent rises.
04-05-2021 more >>

Filling the information gap

The recent Government housing policies appear to have been implemented without much information about the likely outcomes. There was also lack of time for impact statements to be produced by Inland Revenue and Treasury.  In order to fill the information gap, the New Zealand Property Investors Federation (NZPIF) conducted a survey to see how these changes will affect the rental property industry.
07-04-2021 more >>

New information changes the perspective

A survey of mortgage advisors by independent economist Tony Alexander has shown that the Government may have been too quick to disincentivise rental property providers.
01-04-2021 more >>

Summary of changes announced by the Government on March 23

Here is a summary of the proposed changes and fact sheets explaining the detail
24-03-2021 more >>

Unintended consequences of today's housing announcements

The Government today made announcements which prioritises first home buyers over renters.
23-03-2021 more >>

Government housing package backs first home buyers

This is the media release from the Prime Minister, Minister of Housing, Minister of Finance and Attorney General
23-03-2021 more >>

Planning your maintenance

Your property is a major asset, and like any asset it is in your own best interests to maintain it well and so preserve and enhance its value. Peter Lewis, Vice President of NZPIF, discusses the issues.
16-03-2021 more >>

New Residential Tenancies Act making it harder to house people

One of the changes to the Residential Tenancies Act has been the removing the 90-day no-cause termination and the inability to give a tenant a trial period to assess their suitability.
15-03-2021 more >>

Different ways to change a tenancy agreement

Tenancy Services has updated their website content to describe and distinguish different ways to change a tenancy agreement. Landlords and tenants should decide together which approach best suits their situation. The type of change to a tenancy agreement will have an impact on the healthy homes compliance date and Residential Tenancies Amendment Act 2020 law changes that apply.
15-03-2021 more >>

An early exit from a fixed-term tenancy could be expensive

Tenants who choose to end fixed-term tenancy agreements are discovering that they are likely to receive large bills.
06-03-2021 more >>

Removal of the no-cause 90-day termination not working

Within the last few months we have seen and heard of multiple cases, for example in Greymouth, Christchurch and Auckland, where tenants have had anti-social incidents that have resulted in either full-time security guards being placed outside houses or trespass notices being given to tenants to prevent them from disturbing their neighbours in Kainga Ora houses.
26-02-2021 more >>

Reply to opinion piece by Bernard Hickey in Sunday Star Times 7 February 2021

In an opinion piece in the Sunday Star Times on 7 February, Bernard Hickey once again made unfounded, inaccurate and untrue statements about rental property providers in New Zealand.
15-02-2021 more >>

New loan-to-value ratio (LVR) restrictions

Today the Reserve bank has released its new lending LVR restrictions in a bid to slow down the bolting housing market.
09-02-2021 more >>

New LVR restrictions put in place by the Reserve Bank

The Reserve Bank of New Zealand - Te PÅ«tea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential construction.
09-02-2021 more >>

NZPIF response to the Privacy Commissioner

The NZPIF agrees with the Privacy Commissioner NZPIF response to the Privacy Commissioner that the collection, retention, and disclosure of personal information on tenants must be open and fair.
04-02-2021 more >>

Amalgamation of Property Investors Associations in Wellington announced

The New Zealand Property Investors Federation (NZPIF) is delighted to announce the amalgamation of Capital and Wellington Property Investors Associations. The new association will continue under the name of Wellington Property Investors Association.
04-12-2020 more >>

Separate division of the Tenancy Tribunal essential

The latest figures for the Tenancy Tribunal have been released for November. The statistics show that the majority of applications to the Tribunal are made by landlords and are for rent arrears and bond refunds.
03-12-2020 more >>

ANZ sees some cooling in the housing market in time - November Property Focus

Housing demand has remained strong, spurred by low mortgage rates and a speculative dynamic but ANZ does not think this is sustainable
26-11-2020 more >>


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