The Green Party has announced that, if it forms part of the next Government with Labour, it would build 5,000 new State Houses per year and create a sustainable, non-profit rental sector through Crown financial guarantees for community housing providers. 14-08-2020 more >>
Statement by the Reserve Bank Governor says that the Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain the same and the Official Cash Rate (OCR) is being held at 0.25 percent in accordance with the guidance issued on 16 March. 12-08-2020 more >>
Marama Davidson has revealed the real reason for changes to the Residential Tenancies Act. In a speech during the debate on the Bill in Parliament this week, she said the Bill “will incentivise property owners to move out of owning property for rental purposes. 07-08-2020 more >>
The Associate Minister of Housing Kris Faafoi issued a press release last night regarding the passing of the Residential Tenancies Amendment Bill. The President of the NZ Property Investors’ Federation, Andrew King, challenges statements made in this release. 06-08-2020 more >>
Today Parliament has passed under urgency the Residential Tenancies Amendment Bill. This bill has some major changes for both tenants and landlords alike, and none of them are good news. 05-08-2020 more >>
The Government has delivered on its promise to New Zealanders to modernise tenancy laws with the passing of the Residential Tenancies Amendment (RTA) Bill 2020 today, says Associate Minister of Housing (Public Housing), Kris Faafoi. 05-08-2020 more >>
The Ready2Rent programme was started in the Hawkes Bay in 2016. It is a Hawk’s Bay District Health Board-led initiative to reduce the number of children with rheumatic fever and other breathing issues admitted to Hawkes Bay’s hospitals. The 01-08-2020 more >>
Recent comments by a senior solicitor at Morrison Kent, Evan Whetton, has backed up NZ Property Investors’ Federations concerns over radical changes to the Residential Tenancies Act. 27-07-2020 more >>
The NZ Property Investors Federation (NZPIF) is disappointed that the Residential Tenancies Amendment Bill has been released for its second reading with only minimal changes. 12-07-2020 more >>
Usual termination rules will now apply from 26th June 2020. The removal of these temporary measures allows landlords to give termination notices to tenants under the standard Residential Tenancies Act 1986 provisions. Usual notice periods will apply from the date notices are given. Landlords who have had fixed-term agreements rollover can now send notices to terminate these tenancies. 19-06-2020 more >>
Sharon Cullwick, NZ Property Investors Federation (NZPIF) Executive Officer, welcomes the extension by the Government of the deadline requiring landlords to provide Healthy Homes Compliance Statements. The original date was the 1st July 2020 and this date has been extended until the 1st of December 2020. 04-06-2020 more >>
Like everyone landlords are facing tough times due to the fall out of Covid-19. This includes loss of income, reduced wages and business losses. Here are some Government actions which would assist landlords and consequently their tenants. 01-06-2020 more >>
Confidence in rising house prices whipsawed by COVID-19. Perceptions of whether it’s a good time to buy also decline as households batten down the hatches. Interest rate expectations flick back to lower for longer. 27-05-2020 more >>
Of the 270,000 rental houses in New Zealand, 90% are provided by the private rental sector with only a small percentage available through Housing New Zealand and other community-based organisations. Although any house available for rental is a help, having an excess supply of these is the only way to solve the current issue. 20-05-2020 more >>
Often when we are confronted by a tenant asking for a discount on their rent or a rental holiday we start to panic. Yes, it’s fine for them to ask but do they understand the financial impact this could have on you? 18-05-2020 more >>
The $50 billion fund being announced today will grow jobs and support New Zealanders and the economy through the effects of COVID-19 and the global recession. 14-05-2020 more >>
The 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 didn’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 >>
A 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 >>
The NZ Property Investors’ 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 >>
It 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 Investors’ Federation (NZPIF) 21-04-2020 more >>
“Delaying 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 Investors’ Federation (NZPIF). 20-04-2020 more >>
