NZ Property Investor December 2021

The New Zealand Property investor magazine provides readers with information you can use to successfully invest in residential property. You can learn from the experts, read the stories of your fellow investors and keep up to date with the latest house prices and rental statistics.

New Zealand
Opes Media Limited
12 Issues

in this issue

2 min
what a year!

Well, what a year it’s been! At the time of writing we are waiting for Auckland borders to open, allowing those of us stuck in lockdown the luxury of travelling around the country. It’s a mixed blessing, with Covid-19 set to spread as Aucklanders go to their favourite spots this Christmas. And the other big news is New Zealand Property Investor has a new owner. Opes, a well-known and respected property investment firm, has purchased the magazine from Tarawera Publishing. The team is incredibly excited about the new opportunities this is likely to bring – greater reach via digital channels, fresh ideas, and enthusiastic new owners – and we can’t wait to see what 2022 will hold. We also have a wonderful sister publication, Informed Investor, with which we see many…

2 min
new directions

NZ Property Investor magazine has a new owner and a renewed energy. Last month, Opes Partners, a property investment company, purchased this magazine from former publisher Philip Macalister. Opes Partners managing director Andrew Nicol says that while the magazine has a new owner, the magazine’s focus will stay the same. “For 20 years the magazine has been the property investors’ bible. That role will not change,” he says. All the writers, designers and staff have continued in their roles. The company has also made the commitment that writers will retain editorial freedom. They can write the stories that matter to property investors without interference. “In future the magazine will not just be a magazine,” Nicol says. “The magazine will start to connect and educate investors outside the monthly print edition. “We already have a video…

1 min
astounding rise in values

REINZ’s House Price Index (HPI) has revealed staggering figures. The price changes for the year to October have revealed the truly eye-watering growth in house prices, despite Covid-19 lockdowns and closed borders. Palmerston North has led the way with a 48% price growth over the 12 months with Papakura, a South Auckland suburb, at 40%, Christchurch 39.7% and Franklin, also in South Auckland, at 38%. The Manawatu region in which Palmerston North is located, along with Whanganui, has had the HPI’s top spot for year-on-year movement of all regions for six months in a row – reaching a record index level of 5.306 – a 42.6% increase. Canterbury, at 38%, and Waikato, at 34.1%, had their largest year-on-year HPI increases since records began. The average annual price increase for property across the country is 29.9%…

2 min
privacy breach ‘tip line’ announced

Tenants will be able to dob-in their landlords to a private “tip line” if they don’t like the way their personal information is being handled. Prospective tenants will also be able to use the tip line, which is part of a new compliance monitoring programme set up by the Privacy Commission (OPC) to ensure property managers and agencies are acting in accordance with the Privacy Act. The OPC programme will conduct regular checks on rental sector agencies, as well as an annual survey to audit application forms, contract forms, and the privacy policies of letting agencies, property managers and third-party service providers. Privacy Commissioner John Edwards says tenants and prospective tenants need to have confidence in the way their personal information has been collected, used, stored and disclosed by their landlord or property…

1 min
violence leads to eviction

The violent de-patching of a gang member at a Tokoroa rental property has led to an eviction for the tenant. Winterson Holdings applied to the tribunal for the eviction of Michelle Tangimataiti from the Manaia St property on the grounds of anti-social behaviour, unlawful activity and assault. One neighbour told the tribunal he and his partner were leaving because they felt unsafe. The landlord provided evidence of anti-social behaviour at the premises, including video footage and photos. Although the videos and photos did not show Tangimataiti assaulting or threatening to assault another person or permitting any other person to do the same, the landlord said that in July he had attempted to serve a second anti-social behaviour notice on her, but was verbally abused and threatened by another person at the house. The landlord had…

2 min
flooding premiums set to recede

Tower insurance holders can expect an average $25 reduction in the flood risk portion of their premiums. This comes after Tower invested in detailed modelling showing the risk of flooding from rivers and rain for residential addresses across New Zealand. It is sharing flood risk ratings with all New Zealanders and using its data to better match flood premiums to risk. Developed with analysis from Risk Management Solutions (RMS), the world’s leading catastrophe risk solutions company, and other data sources, the launch of the model is a first for New Zealand and is part of Tower giving customers a better understanding of their risk profiles. Tower customers will receive a low, medium, or high rating for their home, reflecting the potential risk of a flood and the estimated cost of replacing or repairing…