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NZ Property Investor Oct 18

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
NZ Property Investor Magazine Ltd
12 Issues

in this issue

2 min
changing times

It’s a time of great change for investors. Nearly a year after the Labour-led Government took office, promising transformation, a flood of reforms are shaking up the housing market. And right now it’s the Government’s proposed tenancy law changes that are in the spotlight. In a bid to redress what it sees as the imbalance between landlords and tenants, the Government has suggested an extensive overhaul of tenancy laws. Following on as they do from Renters United’s radical manifesto to “fix” the rental system, the proposals have left many investors worried. The reforms themselves, particularly in tandem with the soon-to-be-introduced Healthy Homes minimum standards, will increase both the costs and work involved in providing rental properties. But it seems to me that it’s the adversarial approach of tenant advocates, and what that…

1 min
getting ‘ready to rent’

The “ready to rent” programme aims to prepare inexperienced tenants for the rental market via a two day course which teaches the rights and responsibilities of tenants. It is a local initiative involving the Hawke’s Bay DHB, MBIE, the Salvation Army and the Hawke’s Bay Property Investors’ Association and has been running since last year. But the programme seems particularly relevant given the changing rental market environment and related tensions between tenant and landlord groups. Hawke’s Bay based MBIE tenancy mediator Patricia Nicholson says that the programme is a logical and effective way to pre-emptively avoid some of the problems that can arise in rental relationships. It has proved very successful and a number of participants have said they gained rental properties because their landlords specifically recognised the worth of the programme, she says. “The…

1 min
top 5 stories

1 European rental models are often looked to as ones that New Zealand could learn from. That prompted Auckland Property Investors Association vice-president Peter Lewis to take a close look at Sweden’s rental market. 2 Proposed Healthy Homes standards out. Landlords are one step closer to knowing the minimum standards their rental properties will have to meet with the release of the Government’s proposals for them. 3 Storing up value. Storage units may not sound like an exciting proposition but, for investors lucky enough to get in on them, they offer steady cash flow, low risk and easy management. 4 Failure to provide heating costs. Landlords must provide an approved form of heating in their rental properties – and ensuring there are working power points is no longer enough. 5 Airbnb room rental is…

2 min
is green party rental wof needed?

Green Party co-leader Marama Davidson wants to see the introduction of a mandatory national WoF for rental properties to ensure better enforcement of housing standards. “The WoF would be a regular check on rented homes by independent approved inspectors to make sure they meet the healthy home regulations for warmth, dryness and ventilation.” Davidson says any rental property that didn’t pass the standards set would then not be able to be rented out. Having a WoF system for rental properties is not a new idea. Different rental WoF systems have been proposed regularly over the last 20 years. Successive governments under both Labour and National have rejected the idea, but Wellington City Council instituted a voluntary rental WoF system last year. To date, Wellington’s scheme has seen less than 20 inspections and just three rental…

2 min
opening doors to passive returns

These investments allow you to take advantage of opportunities that are otherwise often the preserve of large institutional investors, within a property management structure that ensures day-to-day management, leasing negotiations and property maintenance are all taken care of. One of New Zealand’s leading syndicators of these types of investments is Silverfin Capital, with circa $220 million of property assets across their New Zealand and Australian portfolio. Silverfin prides itself on strong investor relationships, transparency, and its robust principles of investing in quality properties in desirable locations. CEO of Silverfin, Miles Brown, says: “We take pride in selecting great properties that balance risk with return, with leases to tenants who demonstrate sound financials.” This rigorous evaluation of investment opportunities is evident in the Lunns Road Scheme, which is Silverfin’s latest investment opportunity. This…

7 min
business as usual

‘Low levels of supply coupled with a record low interest rate environment are driving modest value growth across most regions’ DAVID NAGEL Attention never strays too far from the housing market in some form. Over the past month, the Government’s KiwiBuild programme has ramped up, along with its promise of boosted supply, and the accompanying commentary. But so too has the blow-by-blow analysis of every new data release. While the impression this gives is one of significant movements up or down, in reality the housing market is trucking along as it has been for some time now. There is still a divergence between the big city markets and smaller regional markets. Overall, price growth is slowing and activity remains subdued. In line with this, commentators continue to say talk of a crash is…