Who pays the tax. An opinion piece by Peter LewisThere is much misunderstanding around the deductibility of mortgage interest for tax purposes relating to residential investment property.24-09-2023 more >> How the next Government can help tenantsWe hear many ways each political party talk about the housing crisis, and their solutions to fix this. Adding a new tax to rental property provider and adding more RTA rules to make it harder to supply is obviously not the answer.13-09-2023 more >> Official Cash rate stays at 5.5%The current level of interest rates is constraining spending and hence inflation pressure, as anticipated and required. The Committee agreed that the OCR needs to stay at restrictive levels for the foreseeable future to ensure annual consumer price inflation returns to the 1 to 3% target range, while supporting maximum sustainable employment.16-08-2023 more >> More bureaucracy on rentals not the answerThe Green Party is calling for a rental property warrant of fitness which is likely to hit renters with an unnecessary cost of around $90,000,000 a year. The idea of a rental property warrant of fitness was first raised 25 years ago and has been rejected by all Governments ever since.02-08-2023 more >> Why tenants feel pain - letter to the editor in the Wairarapa Times AgeTim Horsbrugh explains that the one policy that has had the most significant effect on tenants is the tax change in which rental property owners can no longer claim their interest costs as a business expense.02-08-2023 more >> MPIA - Happy Hour 21st JulyCome and join us to socialise or talk property with other investors21-07-2023 more >> Official Cash rate remains at 5.50%The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50%.12-07-2023 more >> CoreLogic releases latest house price indexRadio NZ reports that house prices have fallen yet again as higher interest rates continue to limit demand for properties. CoreLogic's latest house price index showed property values fell 1.2 percent in June, down 10.6 percent from a year ago.06-07-2023 more >> Tim Horsbrugh's letter to the editor - rental property owners are a necessityThis article was published on the 5th of July in the Masterton Times Age05-07-2023 more >> Auckland rents play catch upApril rental statistics from the Bond Centre have been released. You can see how your property rental prices have changed over the years at the rental price calculator on the NZPIF website. As at April 2023, the national rental price was relatively stable at $570pw, an increase of around 3% over the last year. Quite modest considering interest rate increases and further removal of interest deductibility.28-06-2023 more >> Tenants lose from Government's taxSue Harrison, President of NZPIF, talks about the adverse effects on tenants as a result of the interest deductibility rule imposed on rental property owners by the current Government.27-06-2023 more >> What's good for the goose by NZPIF President Sue HarrisonMaking landlords and tenants into adversaries has been a popular narrative with the media and helps the current Government bring in some heavy disincentives to own rental properties. There have been so many levers pulled to ensure that house prices come down while interest rates, rates, insurance, maintenance and associated costs have gone up. The Government say they are helping tenants, but the tax grab and extra rules have brought significant negative impacts.14-06-2023 more >> No benefits for renters in the 2023 BudgetThe 2023 Budget has done nothing to ease the pressure on tenants as their property owners struggle with rising costs, forcing them to increase rents in order to stay financially viable.31-05-2023 more >> The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%.The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment.24-05-2023 more >> Budget 2023 continues the Government’s commitment to tackle the housing shortageBudget 2023 continues the Government’s commitment to tackle the housing shortage by delivering 3,000 more public housing homes, supporting more people at risk of homelessness, building more houses for Maori and those impacted by recent severe weather events.19-05-2023 more >> Killing off the Golden Goose by NZPIF President Sue HarrisonAs the value of properties throughout the country are falling dramatically we have survey results that prove the structural damage being done to the rental marketplace. The marketplace relies very heavily on private ownership of around 85% or rental homes. Owning rental homes is a business with a range of expenses beyond the mortgage involved, so there needs to be some rewards as part of the risks of the investment involved.14-05-2023 more >> Proposed changes will benefit tenants and landlordsA large proportion of rentals in New Zealand are offered by private landlords. The State cannot house all who need accommodation and National is to be congratulated for seeing private landlords as part of the solution to the difficult housing situation in New Zealand and not the problem.30-04-2023 more >> Large rent increases in January not maintainedFebruary rental statistics from the Bond Centre have been released.16-04-2023 more >> The Property Investor Network by NZPIF President Sue HarrisonIn times of crisis property investors and landlords with well located, good homes come into their own. We applaud our North Island Property Investor Associations for ongoing support stewarding members through the weather events and being there in good times and bad.14-04-2023 more >> |
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