South Canterbury Property Investors' Association

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south-canterbury@nzpif.org.nz

News & Updates

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South Canterbury News

Tentative signs of rate competition

The first signs are emerging of a spring campaign amongst banks for home loan business. As reported in Good Returns Kiwibank was the first to move.
30-12-2007 more >>

Top Mortgage Broker named

The New Zealand Mortgage Brokers Association named its top brokers for 2007 at its annual conference in Rotorua on the weekend.
30-12-2007 more >>

Cooling house prices

James Weir reports in the Dominion Post today that house prices are likely to increase by just 5 percent this year.
30-12-2007 more >>

Myth of tax bonanza for rental investors

Articles on home ownership this week put the blame for rising house prices on property investors. However, there is a considerable amount of misinformation and misunderstanding that has led the writers to their conclusions, says Andrew King
30-12-2007 more >>

Optimism running high with property investors says survey

New Zealand’s property investors remain optimistic about property prices and they continue to look for strong capital gains to offset low yields.
20-03-2007 more >>

Managing Vehicle Expenses with Caltex

Caltex and NZPIF have negotiated a new fuel offer for NZPIF members from April 06 you will receive up to 2.7 cents per litre off retail pump.
30-12-2006 more >>

Professional property investors remain confident

Despite plenty of hype about a slowing property market, professional property investors remain confident about their ability to make money from real estate, according to the second annual NZPIF/ANZ Property Investors Survey.
30-12-2000 more >>

NZ Finance to buy Approved

New Zealand Finance Holdings will buy Approved Mortgage Brokers for $1.2 million from April 1.
30-12-1899 more >>

Fewer owners

Property company DTZ (NZ) has found a 20-year decline in private home ownership.
30-12-1899 more >>

Leaky homes process burns money while houses rot

National's Associate Building & Construction spokesman, Bob Clarkson, says the leaky homes system is sucking up taxpayers' money while people wait in rotting homes for action.
30-12-1899 more >>

Higher for longer

Get used to higher home loan rates. Following last week's Reserve Bank announcement they won't be falling until next year.
30-12-1899 more >>

Borrowers using trusts warned

People who have a revolving credit mortgage associated with a trust may be facing trouble.
30-12-1899 more >>

Looking for some balance in the demand-supply of housing

In the feature article of the May issue of ANZ's Property Focus, the simple demand-supply housing balance measures across the regions highlight Auckland and Wellington as areas where the market remains tightest. Conversely, a turning point is not too far away in the majority of regions, noteably Gisborne, Hawke's Bay and Taranaki.
30-12-1899 more >>

3000 first home buyers take up Welcome Home Loans

The government's major initiative to help first-time buyers, Welcome Home Loans, into their own home has reached 3000 loans.
30-12-1899 more >>

Labour commits to pledge card for third term in office

Prime Minister Helen Clark announced today that Labour is issuing a pledge card again this election outlining key commitments it is making to New Zealanders, during a third term of a Labour-led government.
30-12-1899 more >>

Brash expects house prices to tumble 10%

Former Reserve Bank Governor Don Brash is picking house prices could tumble by up to 10% in the next year as the already cooling NZ property market is further threatened by the volatile international economy.
30-12-1899 more >>

Kiwi bach taxed

Under the Queenstown council's district plan, property owners who rent homes for less than three months and to more than four people must apply for a resource consent and pay higher rates.
30-12-1899 more >>

A hand up to home ownership

'The Kiwi dream of owning your own home will be brought within the grasp of thousands more New Zealanders each year as a result of Budget 2005,' says Housing Minister Steve Maharey.
30-12-1899 more >>

Market prices in another hike after data release

Strong third-quarter employment and wage figures last week strengthened the case for more tightening next month. So watch out for interest rates to continue their upward momentum.
30-12-1899 more >>

Markets ponder bank's upcoming statement on rates

Just about nobody expects Reserve Bank governor Alan Bollard will change interest rates on Thursday, the debate being over whether he will maintain a mild bias towards higher rates or switch to a more neutral stance.
30-12-1899 more >>

OCR likely to remain the same this week

None of the economists are expecting Reserve Bank governor Alan Bollard will shift the official cash rate (OCR) this week and neither are they currently expecting a rate cut this year.
30-12-1899 more >>

Reserve Bank leaves interest rates unchanged

As expected, Reserve Bank governor Alan Bollard has left interest rates unchanged, although the wording of his statement wasn’t as hawkish as had been expected.
30-12-1899 more >>

Home loan rates in holding pattern

After weaker than expected employment and retail sales numbers were released last week there is a view emerging that the Reserve Bank won’t increase its official cash rate on June 9.
30-12-1899 more >>

Tax crowds out vital debate

An election bidding war has blinded investors to other important economic issues that will affect their wealth.
30-12-1899 more >>

Lenders slow to hike rates

Despite the Reserve Bank’s 25-basis-point rate hike on Thursday, lenders have been slow to jump on the bandwagon to push their floating rates higher by the same amount.
30-12-1899 more >>


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