Northland Property Investors' Association

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News & Updates

Recent updates

Northland News

ANZ National Bank increase market share

ANZ/National Bank increased its share of the mortgage market in the September quarter, the first quarter it hasn't lost market share since the June 2006 quarter.
12-07-2007 more >>

Estate agents see feast for lawyers under new rules

Anne Gibson reports that consumers may need to arm themselves with lawyers to do battle against rich real estate agents and their firms under the new system unveiled by the Government yesterday.
11-07-2007 more >>

Rebound shows 'remarkable resilience'

James Weir of the Dominion Post reports that business confidence is rebounding despite high interest rates and a high flying dollar and economists say this is another sign of "remarkable resilience".
29-06-2007 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).
29-06-2007 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.
22-06-2007 more >>

Cullen looks at changing tax laws for investment properties

The Government is looking at removing a tax advantage for those who own rental properties.
21-06-2007 more >>

Investors reject capital gains tax

Property investors are rejecting suggestions that a capital gains tax will check soaring house prices.
19-06-2007 more >>

Answer not a tax, accountant says

A captial gains tax to cool the booming property market was a knee-jerk reaction toa  cyclical problem, leading Dunedin tax accountant said yesterday.
19-06-2007 more >>

Rises, rises all around

Home owners or people about to sign up to a mortgage to buy a property don’t have many good interest rate choices in front of them at the moment.
15-06-2007 more >>

Developer offers back $5million

A high flying Auckland property developer has warned others in his sector they could be inadvertently flouting the securities law beacuse of the way they sell housing developments.
14-06-2007 more >>

Housing tax advantage a myth - IRD

Inland Revenue says it is a myth that investments in housing have a tax advantage over other types of investment.
13-06-2007 more >>

Affordable-housing bill 'perverse'

The Property Council says the Government's solution to boost cheap houses for first home buyers would push up the prices of other houses.
12-06-2007 more >>

Key promises more affordable homes

National has moved to claim housing affordability as one of its key election planks.
08-06-2007 more >>

Rates fall, but its not the turning point

In the past week a number of home loan lenders have been dropping some of their fixed term rates however this shouldn't be seen as an ongoing trend.
07-06-2007 more >>

BUDGET 2007 – Initiatives

The Budget (17 May) contained three announcements that were of interest to the Federation.
31-05-2007 more >>

Kiwibank campaign ends

Kiwibank has ended its two week price-cutting campaign designed to attract business from borrowers refinancing off maturing fixed rate deals.
31-05-2007 more >>

Residential building consents back on the rise

Dwelling unit approvals look to be trending back upwards in a move that could add to pressure on the Reserve Bank to lift interest rates at its review next Thursday.
30-05-2007 more >>

Looking for some balance in the demand-supply of housing

In the feature article of the May issue of ANZ's Property Focus, the simple demand-supply housing balance measures across the regions highlight Auckland and Wellington as areas where the market remains tightest. Conversely, a turning point is not too far away in the majority of regions, noteably Gisborne, Hawke's Bay and Taranaki.
27-05-2007 more >>

One bank war

Last week had with some good news for borrowers with Kiwibank dropping some of its fixed rate home loans in an effort to capture some of the refinance business in the market.
25-05-2007 more >>

Lifestyle property prices show surge

Lifestyle property prices are surging matching the demand for houses in town.
21-05-2007 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.
18-05-2007 more >>

Budget 2007: Action on property speculation

Press release by the Hon Dr Michael Cullen, Minister of Finance
18-05-2007 more >>

Kiwibank chases refinance busin

Kiwibank has cut its fixed rates loans in a two-week marketing campaign aimed at attracting borrowers refinancing from loans fixed two or three years ago.
18-05-2007 more >>

Brakes go on - big dive in house sales

Anne Gibson reports in the NZ Herald that New Zealand's biggest housing market is in the grip of a slow down.
10-05-2007 more >>

Further cuts to fixed rates

There have been further cuts to fixed rates over terms of two to five years from some finance companies and non bank lenders over the past week but some one-year rates have increased. The major banks, however, are maintaining identical rates over all terms.
10-05-2007 more >>


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