We are desperately short of Executive members for the next election due at the AGM on Tuesday 21 July 2020. We need YOU now more than ever to take this opportunity to give back by volunteering your time to CPIA. By being more involved, it’s a great way to get to know other members, create life-long friendships, hone your skills (inspiration to invest wisely in property) and also a great addition to your CV. Meetings are the last Tuesday of each month at the CPIA office in Buchan Street, usually from 7.30pm to 9pm. Along with the 11 Executive members (President, Vice President, Treasurer, Secr ..read more

Our partners at Corcoran French have written this handy guide to help commercial landlords and tenants navigate the lockdown period. What do I do about rent? First, check your lease. Many modern leases (post-earthquake) contain provisions addressing what happens when the premises are undamaged but can’t be accessed. In the current ADLS lease, it’s clauses 27.5 and 27.6. Those clauses provide for two things: First, the rent and outgoings should reduce by a fair proportion. There are no legal precedents as to what a “fair” proportion is, but consider things like whether the tenant continues to ..read more

Dear Members, To help manage your properties and tenancies in the current Alert Level 4 lockdown, we have the following information for members. No doubt there may be more questions arising, we will continue to update you where possible and as the situation develops. Please email office@cpia.co.nz for any queries or post them in the Canterbury Property Investors Discussion Group – our private members Facebook chat group, a secure site where we can all assist each other. Just send a request to join if you're not already part of this group. Please find below the following advice we have at this ..read more

The Christchurch City Council is currently seeking public feedback on a range of options to manage unhosted home-share accommodation (e.g Airbnb, Bookabach etc) through the District Plan. Unhosted home-share accommodation includes whole homes that are let out for accommodation while the owner is not on site. The period for public feedback is open and closes on Monday, 2 March 2020. You can visit ccc.govt.nz/homeshare to read about the options being considered. If you wish to submit feedback, you can visit the Have your Say webpage and share your thoughts or email your comments to planchange@c ..read more

Christchurch City Council has answered some questions about the increase in hot water cylinder failures since the water supply was chlorinated. The temporary chlorination of Christchurch’s water supply is being linked with an increase in hot water cylinder failures. We've answered some of the commonly asked questions about the issue. Why are hot water cylinders failing? Christchurch has historically had issues with hot water cylinder failure. Certain areas of the city, such as Cashmere, have been affected more than others. We are still working with the industry to better understand the scale ..read more

Calling all decorators and renovators! If you've done a fab job of renovation and decorating a property in the last year, then get your entry in to the NZPIF/Resene Renovation of the Year 2018. The lucky winner will receive a cash prize of $1,500, a framed certificate and the engraved trophy for one year. The winner's PIA receives $500. The closing date for entries is 31 August 2018, and the award will be presented at the Gala dinner of the 2018 NZPIF Conference in Dunedin ..read more

Entries are now open for Landlord of the Year 2018. If you think you've got what it takes, enter now and go in the running to be crowned New Zealand's top landlord. The award aims to highlight professionalism and good practice in the industry. The selection criteria is based on having a positive ongoing relationship with tenants, and the way you conduct your business as a landlord. The winner will receive the Landlord of the Year cup, $1,000 cash and $1,000 towards registration, flights and accommodation for the 2018 NZPIF Conference. The Association of which the winner is a member will also ..read more

While 67% of New Zealanders own pets, just 13% to 14% of landlords allow tenants in their rental properties to own pets. But a decline in home ownership means more New Zealanders are renting - and many of them have pets but struggle to find rental properties that will accept them. There is now a growing movement in support of pet-friendly rentals and the new government recently announced that Housing NZ’s pet policy is set to become more accommodating. Despite this, many landlords remain concerned about the risks (specifically damage and the related costs) of offering pet-friendly rentals. Re ..read more

Many private landlords are bailing out of the rental market because they are worried about the new government's housing policies, say property experts. The experts say landlords are being tempted to take their capital gain and run, before harsh new rules undermine the value of their investments. The concerns have arisen as the government moves to implement dramatic reforms of the housing market. Check out the full story here ..read more

Home loan rates will likely rise a bit in 2018 but are not expected to take a big jump up, experts believe. Reserve Bank data shows average fixed-rate mortgages rose by between 11 and 17 basis points between December 2016 and October 2017. On a $350,000 mortgage fixed for two years over a 25-year term the increase was equivalent to an extra $22 a month. But it was lower than had been expected. Read the full story here ..read more