South Canterbury Property Investors' Association

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South Canterbury News

Otago PIA President highlights changes

Cliff Seque, President of the Otago PIA, outlines the proposal for a house energy rating scheme similar to the star rating on major home appliances and highlights a raft of proposed tax measures.
30-12-1899 more >>

John Key on housing affordability

The Leader of the National Party spoke recently to the NZ Contractors' Federation on the impact of the NZ economy on the construction industry.
30-12-1899 more >>

Changing tenancy laws

As home ownership becomes less affordable, the private-sector rental market is expanding. About one third of Kiwis now rent and the number of landlords grows almost every day.
30-12-1899 more >>

Bollard leaves rates unchanged but talks tough

As expected Reserve Bank governor Alan Bollard left his benchmark official cash rate (OCR) unchanged but warned of upside inflation risks and that there is no scope for easing interest rates in the foreseeable future.
30-12-1899 more >>

Heatley gains housing portfolio

Whangarei MP Phil Heatley has gained another portfolio for the new Parliamentary term.
30-12-1899 more >>

Bollard leaves rates unchanged

Reserve Bank governor Alan Bollard has confirmed expectations that he would leave interest rates unchanged and, while he is ruling out the likelihood of a rate cut for 'some time,' he also doesn’t expect to have to raise rates further.
30-12-1899 more >>

Kiwibank grows mortgage market share

The government's Kiwibank continues to grow apace with profitability lifting sharply in the December quarter while its share of the mortgage market continues to grow.
30-12-1899 more >>

Inquiry into Housing Affordability – Submissions closed

Written submissions to the Commerce Select Committee Inquiry into housing affordability (examining the cost of housing for first home buyers) –closed this month (15 June).
30-12-1899 more >>

BNZ gains market share but ASB grabs even more

Bank of New Zealand’s price war last year seems to have paid off for it in terms of winning market share, although ASB Bank continues to be the major winner in the mortgage market.
30-12-1899 more >>

Market rent but cash to pay for it

The National Party says it will consider raising welfare benefits to help state house tenants cope with market rents in what landlords say will be a rising rental market.
30-12-1899 more >>

State tenants: nearly 7000 earn rent from boarders

Nearly 7000 Housing NZ tenants known to have paying boarders are not required to pay extra rent. HNZ figures show that at October 31, 6931 tenants declared they had paying boarders. A month ago HNZ told the Sunday Star-Times that 1109 tenants declared paying boarders, including 1081 tenants who didn't have to pay extra rent.
30-12-1899 more >>

Bollard leaves rates unchanged despite worsening inflation outlook

Reserve Bank governor Alan Bollard has left interest rates unchanged, saying that although the inflation outlook has worsened, it would be wrong to counter short-term pressures with monetary policy.
30-12-1899 more >>

Bollard delivers early Christmas present to the housing market

Reserve Bank governor Alan Bollard opted to hold interest rates steady, prompting a sharp fall in wholesale interest rates and the New Zealand dollar.
30-12-1899 more >>

Lifestyle property prices show surge

Lifestyle property prices are surging matching the demand for houses in town.
30-12-1899 more >>

Top property investor selling up

One of New Zealand's top property investors is selling up his portfolio because, as Greg Ninness discovers, he sees the credit crunch as the beginning of the end.
30-12-1899 more >>

Brash, Peters reject capital gains tax

Neither National nor New Zealand First has any plan to introduce a capital gains tax, party leaders have reassured Property Institute members.
30-12-1899 more >>

Fixed home loan rates start the year falling

Borrowers begin the year with some hope that interest rates have reached their peak as weak growth data indicated chances are the Reserve Bank will be in a holding pattern until later this year, when some easing may eventuate.
30-12-1899 more >>

Tough decision time

Borrowers and people looking to refinance are facing some tough decisions.
30-12-1899 more >>

Bollard leaves rates unchanged but talks tough

Although Reserve Bank governor Alan Bollard left interest rates unchanged, as expected, he’s again talking tough and opened the door to the possibility of a further rate hike.
30-12-1899 more >>

BNZ denies it's re-entering broker market

Speculation has been rife recently that the Bank of New Zealand plans to re-enter the mortgage broking market.
30-12-1899 more >>

Weekly Home Loan report

Westpac only bank to move rates - so far
30-12-1899 more >>

Housing demand

Your article on high-priced state housing highlights the problems that result when government policy tries to dictate housing trends. Historically, when governments interfere in the market it tends to have the opposite effect to what is Intended.
30-12-1899 more >>

Hungry housing will need $50b

The residential property market will need $50 billion of new investment during the next 10 years to cope with demand, a report by Centre for Housing Research says.
30-12-1899 more >>

Get ready for high rises and disposable futures

New Zealanders will live in more high-rise blocks like vertical villages in the next two decades because of the sheer impossibility of getting through grid-locked city traffic systems.
30-12-1899 more >>

Investors bullish on property despite flat market

Fluctuating fortunes in the housing market are luring serious landlords to go bargain-hunting so they can increase their portfolio size, says a survey published today.
30-12-1899 more >>


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