South Canterbury Property Investors' Association

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south-canterbury@nzpif.org.nz

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Recent updates

South Canterbury News

Tenants' millions unclaimed

More than $5 million in unclaimed bond money is waiting for tenants to collect.
30-12-1899 more >>

Extra cash for housing and first-home buyers

More money for state houses, an expanded leaky homes advisory service and more bridging finance to help poorer first-home buyers were some of the carrots dished out to the housing sector.
30-12-1899 more >>

Eyes turn to RBNZ announcement

Fixed term rates have edged higher still over the last week, even though the expected Reserve Bank official cash rate increase is not due until Thursday.
30-12-1899 more >>

Home loan changes muted in past week

All eyes this week are on the Reserve Bank’s monetary policy announcement on Thursday for its view on the economy – and more importantly when interest rates wills start falling.
30-12-1899 more >>

Northern Region Tenancy Services Report for June 2006

Information on the performance targets of Tenancy Services.
30-12-1899 more >>

Get your Rental Property insulated for less than half price!

The Energy Efficiency and Conservation Authority (EECA) is offering NZPIF members a 55% subsidy on a full house retrofit of insulation and other energy efficiency measures for any of your rental properties.
30-12-1899 more >>

Loan arrears increase

Loans underlying New Zealand residential mortgage-backed securities (RMBS) recorded a slight rise in arrears greater than 30 days over the March quarter.
30-12-1899 more >>

Property tax cheats in IRD sights

The tax office is stepping up a campaign against property speculators who are not paying tax in the booming Auckland real estate market.
30-12-1899 more >>

Labour supporting state and rental housing

Prime Minister Helen Clark and Social Development and Employment Minister Steve Maharey today released Labour's policy for state and rental housing, and challenged the National Party to outline its policy in this area.
30-12-1899 more >>

20m leaky home case struck out

A multimillion-dollar claim against the former Building Industry Authority (BIA) over an Auckland apartment complex with leaky building syndrome has been struck out by the Court of Appeal.
30-12-1899 more >>

May 2006 Report

The following is a round up of some political and or regulatory issues monitored by the Federation.
30-12-1899 more >>

Falling rates maybe short-lived

Mortgage Rate Report: The euphoria of a mortgage rate war and falling rates maybe short-lived, judging by recent economic events.
30-12-1899 more >>

Taxman closes in on property speculators

Property speculators who are reaping millions of dollars from the super-heated housing market are about to feel the heat from a tough new crackdown.
30-12-1899 more >>

Rates continuing to move in the right direction

Homeloan rates are continuing to move in the right direction for anyone seeking a mortgage at the moment. But it is still too early to declare that a new mortgage war has broken out.
30-12-1899 more >>

Bank Direct raises two-year rate

There are signs the home loan price war being waged between three banks is coming to an end - albeit it slowly.
30-12-1899 more >>

Bollard holds rates, but still talks tough

As expected, Reserve Bank governor Alan Bollard left interest rates unchanged but kept his tone hawkish, highlighting his expectation that annual inflation will rise above his 3% target in coming quarters and that there's no prospect of rates falling in the foreseeable future.
30-12-1899 more >>

Investors look beyond property

Nearly half of property investors think prices will stagnate or fall and many are looking to diversify away from property, an industry survey shows.
30-12-1899 more >>

Further OCR hikes predicted

Westpac-owned BT Funds Management is predicting that there will be further hikes in the official cash rate.
30-12-1899 more >>

No-deposit loans a risk to parents

No-deposit mortgages enter the banking mainstream this weekend - but they could tie struggling first home buyers to their parents for life.
30-12-1899 more >>

Property rights eroded for property owners

Landlords property rights will be further eroded if Labour win a third term, ACT Deputy leader Dr Muriel Newman said today.
30-12-1899 more >>

Lack of house deposit causes dream to fade

New Zealanders' dream of owning their home is slowly fading. Four years ago, 68 per cent of us lived in our own places. But by 2016, just 61.8 per cent of the population will own a home. The reason is that the price of property is growing faster than the ability of New Zealanders to buy real estate.
30-12-1899 more >>

Linz dumps paperwork

Land Information New Zealand (Linz) will close its public counters reduce the number of processing centres and eliminate 112 processing jobs, as par-t of government plans to phase out paper-based land transactions.
30-12-1899 more >>

ARC encourages submissions on Unit Titles Act review

The review of the Unit Titles Act, which governs the management of apartments and other multi-unit property, is up for final consultation and the Auckland Regional Council is encouraging people to have their input.
30-12-1899 more >>

Investors reject capital gains tax

Property investors are rejecting suggestions that a capital gains tax will check soaring house prices.
30-12-1899 more >>

Bank loan funding costs at 10 year peak

The Good Returns mortgage rate table is awash with red this week as lenders push rates up even though there has been no change in the official cost of borrowing in New Zealand.
30-12-1899 more >>


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