Hawke's Bay Property Investors' Association
RBNZ removes LVR restrictionsThe Reserve Bank has today decided to remove mortgage loan-to-value ratio (LVR) restrictions for 12 months. The decision was made to ensure LVR restrictions didnâ€™t have an undue impact on borrowers or lenders as part of the mortgage deferral scheme implemented in response to the COVID-19 pandemic.
30-04-2020 more >>
Landlords are people tooA NZ Property Investors Federation (NZPIF) survey has found that rental property owners are affected by the Covid-19 situation just like tenants and other New Zealanders, said Sharon Cullwick, NZPIF Executive Officer.
29-04-2020 more >>
What will change in Level 3?Here is Alert Level 3 guidance for landlords and tenants from Tenancy Services
28-04-2020 more >>
Banks working against each otherThe NZ Property Investorsâ€™ Federation (NZPIF) is concerned that the Reserve Bank of NZ (RBNZ) and the trading banks are currently working against each other, says Sharon Cullwick, NZPIF Executive Officer. On the one hand the RBNZ is considering lifting the LVR restrictions to stimulate the economy and on the other the trading banks are testing borrowers on virus-constrained income and using high serviceability tests thus making the obtaining of loans more difficult and working against the RBNZ.
24-04-2020 more >>
Possible lifting of the LVR restrictionsIt is a welcome move that the Reserve Bank of New Zealand is beginning seven days of consultation regarding the possibility of lifting the loan to value ratio restrictions (LVR) says Sharon Cullwick, Executive Officer of the NZ Property Investorsâ€™ Federation (NZPIF)
21-04-2020 more >>
Delay ring-fencing laws and help 300,000 Kiwisâ€œDelaying this law until the 2021/22 year would help the 300,000 rental property owners who are expected to cushion their tenants financially without Government assistance during this Covid 19 lockdown says Sharon Cullwick, Executive Officer of the NZ Property Investorsâ€™ Federation (NZPIF).
20-04-2020 more >>
Students fight for their right to partyVerbal submissions were made today to the Social Services Select Committee looking into changes to the Residential Tenancies Act. A section of the Act gives tenants the right to perform up to eight significantly disruptive acts a year, and, as long as there are not more than two of these in any one three month period, it will not be until the end of that year that their landlord can apply to have their tenancy ended with three monthsâ€™ notice.
17-04-2020 more >>
The effect of the Covid-19 regulations on landlordsThe NZ Property Investors Federation (NZPIF) has just organised the first in a series of surveys of rental property owners and property managers to see how they are being affected by the Covid - 19 lock down.
03-04-2020 more >>
NZPIF is keen to know how Covid-19 is affecting rental property ownersHelp us to find out what is actually happening for rental property providers by participating in our survey. It is very short and should only take a few minutes. You can complete it by clicking on the link below.
02-04-2020 more >>
April meeting is cancelled
02-04-2020 more >>
Delay ring-fencing and save livesCovid-19 relief package from the Government includes increasing the threshold from $500 to $5,000 which will determine which assets can be written off as expenses for the 2020/21 tax year.
01-04-2020 more >>