No benefits for renters in the 2023 Budget

The 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 shortage

Budget 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 Harrison

As 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 >>

Monthly Meeting - May - PMG Funds

Join us in welcoming and hearing from our new Gold Sponsor, PMG Funds, who will be our speakers at the May meeting. Historically, investing in commercial property was perceived as an asset class only accessible to the ‘Old Boys Network - for those ‘in-the-know’, and only for those with big budgets. But thanks to organisations like PMG Funds, this is now simply not the case.
08-05-2023 more >>