Hawke's Bay Property Investors' Association

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Archive: May 2010

Banks repay $0.8m in overcharged break fees

Two banks have had a rap on the knuckles and repaid $0.8 million in overcharged break fees on fixed-term loans following complaints after the sharp drop in interest rates in late 2008 and early 2009.
12-05-2010 more >>

Labour pushes for changes to rules around residential tenants

Labour says the government has watered down a bill which regulates residential tenancies and is wanting some changes before it is passed by Parliament.
12-05-2010 more >>

Mortgage break fees 'reasonable'

Home owners hoping for compensation from their bank after being stung with high mortgage break fees may be out of luck after an investigation by the competition watchdog found most banks were charging reasonable fees.
12-05-2010 more >>

Property round-up

Market confidence and the predicted direction for prices are proving an issue to buyers, HNZ completes the rollout of a new scheme that will benefit landlords and Finance Minister Bill English invites comment about tax changes that will affect property investors.
10-05-2010 more >>

QV main urban areas commentary: April 2010

Average sales prices declined in April, although are still substantially above last year's prices, according to Quotable Value's (QV) latest statistics. Find out exactly what's happening in the six main regions in the story below.
10-05-2010 more >>

Property investors procrastinate ahead of Budget: QV

New Zealand property investors are procrastinating ahead of this month's budget as they wait for more clarity on what will happen to the tax treatment on housing.
10-05-2010 more >>

Optimism and house prices on the wane

Optimism in the housing market is waning and the direction for house prices is downward, according to ASB's latest Housing Confidence Survey.
07-05-2010 more >>

Procrastinate while one has the chance

If monetary policy tightening starts in June as BNZ still expects, then for those planning to have a mortgage exposure for three years there is a forecast benefit near 0.5% for fixing three years rather than floating, says BNZ economist Tony Alexander.
06-05-2010 more >>

Auckland house sales dip

Auckland house sales fell last month, coming off a stronger track in March, suggesting property investors are becoming tentative ahead of the 2010 budget, which will curb tax breaks.
05-05-2010 more >>

Conditions ripe for rent rises

Conditions look set for rents to rise over the coming year, despite overall downward pressure on house prices, according to ANZ’s Property Gauges.
04-05-2010 more >>

The Crombie Lockwood focus

This focus is to protect the one thing that matters most to you - your property and it all provides to you, your family and your future. They specialise in insurance advice.
03-05-2010 more >>

Investors not out of the woods yet

New Zealand mortgagee sales held near their 2009 highs and may rise, showing the property market's sluggish recovery, according to Terralink.
03-05-2010 more >>

May '10 Issue

With the more traditional perks of property investing looking shaky, focus will shift towards pure cash flow. We have exclusive figures on where you can find positive cash flow properties in the current market and how to spot potential.
01-05-2010 more >>

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