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 >>
Sue Harrison says that the survey of members in February this year, highlights the changes in members’ attitudes since 2021 when the same survey was carried out 23-03-2023 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. 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. 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 >>
The Committee agreed that the OCR needs to reach a higher level, and sooner than previously indicated, to ensure inflation returns to within its target range over the medium term. 23-11-2022 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 Island’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 I’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 (CHiP’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 >>
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and contribute to maximum sustainable employmen 17-08-2022 more >>
Chief Human Rights Commissioner Paul Hunt has called for an immediate freeze on rent increases to give renters some reprieve during the cost-of-living crisis. 16-08-2022 more >>
The vast majority of tenants cannot afford brand-new, high-end rental accommodation. They want well maintained, warm, dry but ultimately good value rental accommodation 12-08-2022 more >>
The NZ Property Investors Federation (NZPIF) is happy to support changes that make for a better rental environment. However, Tenants Action Wellington has today made outrageous demands for changes to rental laws. 28-07-2022 more >>
