Marlborough Property Investors' Association

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Archive: April 2011

Switch decision could put floaters in a fix

Floating rate borrowers are enjoying the lowest average rates since July 1965, but those waiting for signs fixed rates will rise before switching may be taking a risk, according to BNZ.
29-04-2011 more >>

The economists view on the OCR

A round-up of leading economists take on the RBNZ decision to leave the OCR on hold.
28-04-2011 more >>

OCR likely to stay low for some time: RBNZ

The Reserve Bank has left its official cash rate unchanged at 2.50% today and has indicated that it is likely to stay at this level for "some time".
28-04-2011 more >>

Rental property tax treatment helped inflate property values - OECD

Favourable tax treatment for rental property investments helped prolong the housing boom and further inflate property values, benefitting high-income investors and squeezing out low earners from the market.
28-04-2011 more >>

House prices to rise 4% - Westpac

House prices are set to rise by 4% this year, boosted by the RBNZ decision in March to cut the OCR, according to Westpac.
27-04-2011 more >>

Survey points to property investment market pick-up

More investors are in the market looking for properties, though their numbers lag behind first time buyers who are finding a warmer welcome at the banks, according to the inaugural BNZ-REINZ real estate survey.
21-04-2011 more >>

New Unit Title Act guidelines

Guidelines around new laws governing the buying and selling of unit title developments have been issued by the Department of Building and Housing (DBH).
20-04-2011 more >>

Christchurch exodus soaks up rental capacity - First National

Residents quitting earthquake stricken Christchurch are soaking up excess rental capacity in both North and South Island towns, according to First National Group.
19-04-2011 more >>

March housing market strength no flash in the pan - BNZ

The recent recovery in the housing market highlighted by the REINZ March data is "not a flash in the pan that will fade," and may mark the start of housing market recovery, according to BNZ economist Tony Alexander.
15-04-2011 more >>

For landlords a feast in Auckland, famine elsewhere

Trade Me property figures have revealed that while Auckland landlords are spoilt for tenant choice, the picture is less rosy across the rest of the country.
14-04-2011 more >>

The REINZ reaction

The REINZ report signalled that house values picked up in March, but according to JPMorgan's Helen Kevans, "we suspect there is limited upside to house prices in the very near term."
13-04-2011 more >>

REINZ regional commentaries - March 2011

The REINZ March 2011 regional commentaries
13-04-2011 more >>

Auckland house sales up 53.2% on month - REINZ

Auckland recorded more than 50% more house sales in March than February, and 11.4% more than in March 2010, according to the latest Real Estate Institute of New Zealand (REINZ) figures.
13-04-2011 more >>

The full Nelson - only one location keeps grip on property values - QV

Property values remain relatively stable at a national level, though variability continues to be seen between areas and only Nelson has values at same level as 2010, according to the latest QV report for March.
12-04-2011 more >>

Fix mortgage rates now - Tower

Inflation is the "Gorilla in the room" increasingly making its presence felt, and as interest rates rise, now is the time to fix your mortgage rate, according to Tower Investments CEO Sam Stubbs.
11-04-2011 more >>

$200,000 fine for ‘Why rent' promoter

The man behind a property scheme that promised home ownership to vulnerable Kiwi's has been sentenced at the Auckland District Court of breaching the Fair Trading Act, fined $237,048 plus $42,764 in repatriation.
07-04-2011 more >>

Government prepared to bail out AMI

The Government is prepared to pump up to $500 million of equity into AMI Insurance after it reportedly had $1 billion of capital and reinsurance cover wiped out by the two Canterbury earthquakes.
07-04-2011 more >>

Record rents for Auckland

Rents in Auckland reached their highest recorded level in March, increasing by $32 on February to $434, according to the latest Barfoot & Thompson sales data.
06-04-2011 more >>

Cold water poured on overheating market claims

Despite media coverage of increased competition among Auckland renters – and corresponding reports of rising rents – average rental inflation across the Auckland region was just 3% in February, according to Crockers Market Research.
04-04-2011 more >>

April '11 Issue

  • Rents Rocket
  • Christchurch earthquake "emigres"
  • Tax Changes
    01-04-2011 more >>
  • Presidents report

    The half a percentage point reduction in the Official Cash rate will be good for the economy and a welcome relieve for rental property owners. The timing of the interest rate cuts is excellent, coming just as building depreciation allowances are being removed for residential rental properties. However the interest rate cuts will not fully compensate for the tax changes that came into place on the first of April. In addition, rental prices only increased by an average 3% last year while general inflation was at 4%. Combined with an increase in demand and weak supply, almost everything is pointing to higher rental prices.
    01-04-2011 more >>

    New listings up in March, though still down on year earlier

    New listing rose 9% in March with 12,247 properties brought to the market, however volumes are still 15% below the March 2010 level, according to the March report.
    01-04-2011 more >>

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