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  1. #1
    Join Date
    Jun 2005
    Location
    Nelson NZ
    Posts
    3,863

    Default Nelson PIA December newsletter

    NELSON PROPERTY INVESTORS ASSOCIATION

    December 2011 NEWSLETTER

    PO Box 198 Nelson
    Sorry folks but we have no meeting this month. However there havebeen some important things happening that you need to be informed about.
    FLOW ON FROM LAST MEETING
    President Godfrey and I had a meeting with Crombie Lockwood insurance brokers who has spoken to us at the November meeting. They are very keen to improve the service they provide to us and build the relationship. We emphasised that the important thing our members are always looking for is good service and competitive rates. The Association welcomes commissions but that is not our main focus. They are preparing a proposal for us. So watch this space.
    TENANT OF THE YEAR
    The inaugural Tenant of the year competition has been highly successful. These are the winners.
    1st place: Craig Campbell

    2nd equal: Barry Woodhead

    2nd equal: Judy and Grant Pinkham

    The Nelson Mail reporter and photographer turned up at the prize giving which resulted in a positive article in the newspaper. Congratulations to the winners and thanks for those landlords who nominated their best tenants.Councillor Gale Collingwood said she enjoyed being on the judging panel and thought the scheme was a great idea and it definitely will build a better public image of tenants and landlords.
    TRADE ME ADVERTISING THROUGH NZPIF
    Those readers who are full financial members of Nelson PIA would have received details of the new wonderful discount scheme provided via the NZPIF membership data base. I and others have spent untold hours entering pages of data and other clever things to get this scheme up and running. A few of you have already discovered that the plug has been pulled at the 11th hour by Fairfax / Trade me. This has been a great disappointment to everyone. Messages keep drifting in from the NZPIF saying they are endeavouring to get it off the ground again. Meanwhile sorry folks but I do not know when or even if the bird will fly again. As of December 2011 itis a dead duck.
    HOW IS NELSON DOING COMPARED WITH THE REST OF NEW ZEALAND
    It is always a risky thing sayingyou live in the best part of the country. I recently lost a tenant who took a new job in Wellingtonat $12 per hour more than he was earning here. Another tenant has returned to Auckland because the opportunities seem better there. The media has been reporting that rents aregoing up in Auckland because of a shortage of housing there. Our company is always busy and other property managers report very few vacancies and high occupancy rates. I have been doodling around on Trademe and looking at properties to let advertisements.TM shows how many advertisements are listed for every area of the country. Now we all know that our vacancy list is shrinking but how does that compare with the rest of the country bearing inmind other cities are way bigger than us. The last census of 2006 figures easily available on the net show the number of dwellings in each area. Other tables show the percentage of rentals versus owner occupied and yet again another table show ownership of the rentals that being private versus HousingNZ. Clearly HNZ will not be advertising on TM so by combining these various things together a picture of our market is suddenly available.I am not sure what is happening in Gisborne. But clearly Tasman followed by West Coast then Nelson with Canterbury following up behind are leading the country on the greatest pressure on rental properties.
    This newsletter is published with theSupport of SBS Bank and Summit Property management.
    2006 Census
    Regional council
    Total Occupied Private Dwelling
    percent rentals percent private landlord rentals in private sector Trademe rental adverts rentals / adverts
    Gisborne Region
    15,663
    38.2
    71.0
    4248.119
    17
    249.9
    Tasman Region
    17,268
    24.2
    91.2
    3811.117
    51
    74.7
    West Coast Region
    12,771
    30.7
    78.4
    3073.826
    42
    73.2
    Nelson Region
    17,190
    31.4
    85.3
    4604.204
    92
    50.0
    Canterbury Region
    201,657
    29.6
    82.2
    49065.57
    997
    49.2
    Taranaki Region
    40,278
    30.1
    83.8
    10159.64
    224
    45.4
    Hawke's Bay Region
    55,221
    32.1
    77.5
    13737.6
    386
    35.6
    Northland Region
    55,524
    31.4
    81.6
    14226.58
    443
    32.1
    Bay of Plenty Region
    96,165
    32.7
    88.1
    27703.89
    867
    32.0
    Auckland Region
    437,985
    36.2
    80.4
    127474.7
    4,462
    28.6
    Southland Region
    35,799
    26.5
    87.0
    8253.459
    290
    28.5
    Manawatu-Wanganui Region
    84,768
    33.2
    79.3
    22317.38
    802
    27.8
    Marlborough Region
    16,842
    27.5
    80.8
    3742.292
    143
    26.2
    Wellington Region
    168,846
    33.9
    79.6
    45562.08
    1786
    25.5
    Waikato Region
    140,268
    34.6
    86.0
    41738.15
    1,677
    24.9
    Otago Region
    75,231
    31
    84.9
    19800.05
    1133
    17.5
    So the next time you are comparing apples with apples with fellowlandlords / tenants show them this chart.This surely must be a good reason to put our rents up.
    THIS IS THE SEASON TO MY MERRY AND WARY
    It is my practice to remind you landlords to be careful at this timeof the year.Tenants (like the rest of us) all come under a lot of financial pressure at this time of the year.Missed rent is an ongoing problem. Failure to communicate about missed rent despite the natural wish to extend good will, peace and charity,could be your down fall. Remember check those bank statements carefully at this time of the year. With WINZ paying people early and the banks operating a fewdays later than normal there is little wonder why many tenants miss their rent payments. The longer you leave advising your tenants about missed rent theharder it is for them to fix the problem. The traditional log jam to getTenancy Tribunal hearings seems to be earlier this year. I already have three tribunal appointments on the 16 January this being the first hearing date of the year.Applications for those hearings were made in early November.
    Remember to support oursponsors.
    Last edited by Glenn; 04-12-2011 at 05:57 PM.


 

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