Rotorua Property Investors' Association

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Archive: November 2012

High LVR loans come with warning

Banks again are offering 95 per cent loans to property investors, but they come with a caution. ANZ, ASB and Westpac say they will give loans for investment properties to people with small deposits.
12-11-2012 more >>

Prices creeping up even in sellers' markets: Survey

Prices are rising nationwide – except in Northland and the Bay of Plenty, according to real estate agents.
09-11-2012 more >>

New record average house price: REINZ

New Zealand’s national average house price hit a new record in October, of $380,000. Real Estate Institute chief executive Helen O’Sullivan said the spring surge in listings was still not enough to keep pace with buyer demand.
09-11-2012 more >>

Interest rate predictions divide pundits

Interest rates are likely to stay low for many years and may fall further, according to expert who believes prices will double again over the next few years.
08-11-2012 more >>

Commercial property returns improving

Commercial property in New Zealand returned annual income of 8% and annual capital growth of 1% for the year ending September 2012, according to the latest Commercial Property Index.
08-11-2012 more >>

Housing affordability measures won't work: Newland

Property investment guru Olly Newland says the Government’s housing affordability proposals will be minimally effective, even if the intentions are well meant.
07-11-2012 more >>

Wellington property owners asked about strengthening costs

Seven thousand commercial building owners in Wellington are being surveyed on the issues they face paying for earthquake strengthening work and insurance the Canterbury earthquakes.
06-11-2012 more >>

Sale proceeds donated to charity

An Otago woman has donated the entire value of her home to charity. The woman, who lived in Arrowtown her entire life, bequeathed the proceeds of the sale of her home to the Royal New Zealand Foundation of the Blind Guide Dog Services.
06-11-2012 more >>

New record average house price for Auckland: Barfoot

Auckland average house prices topped $600,000 for the first time in October, according to Barfoot and Thompson’s latest statistics. The average house price in the city last month was $618,707, an increase of nearly $33,000 on last month’s average.
05-11-2012 more >>

Alexander: House prices will keep rising

Government moves to improve housing affordability have been slammed as weak by BNZ chief economist Tony Alexander.
02-11-2012 more >>

Building consent figures continue to grow

There were 22% more new houses consented for in September compared to the year before, Statistics New Zealand says.
02-11-2012 more >>

Confidence still improving: has reported signs of rising confidence in the market, as sellers pushed up the national truncated mean asking price to a new high of $445,529 in October.
02-11-2012 more >>

HNZ fixes 212 Christchurch properties

Housing New Zealand has repaired 212 earthquake-damaged houses in Christchurch. Housing Minister Phil Heatley said: "This is a huge achievement in just six months and I congratulate the corporation. They have done a fantastic job.”
02-11-2012 more >>

House prices will stay firm: Council

Auckland Council says it expects house prices to remain firm, with a million new residents expected over the next 30 years. It says it is taking action to boost supply to make housing more affordable and accessible.
01-11-2012 more >>

NZPIF Conference '12 Report

This years NZPIF conference in Hamilton was another major success. Attendees experienced a full weekend of devouring property related information plus sharing war and successes stories with other attendees. The mood was buoyant with many attendees looking to take advantage of market conditions.
01-11-2012 more >>

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