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					Manawatu Property Investors Association:
Newsletter March 2009


Welcome to the second MPIA newsletter for 2009.

March has been another interesting month for property owners with another decrease in the OCR, long term
interest rate rises, stories beginning to emerge in the media of house prices reaching “fair value” (NZ Herald
quoting Westpac economist Doug Steel) and home affordability improving (latest Massey University report).

Below are details of our next monthly meeting and also a proposal to have Dr Fred Grosse (keynote speaker
from the NZPIF Conference in 2008) as our main event speaker in July. We still have plenty of work to do before
we can confirm this one so please continue to watch this space.

Regards
Grant

Newsletter Contents:

   April Meeting – PNCC 10 Year Plan
   March Meeting Review – Lessons from Two Investors
   Dr Fred Grosse – July MPIA Meeting
   Robert Kiyosaki in Auckland
   Landlord of the Year 2009
   NZPIF Conference 2009 – March Special
   Recent News


   April Meeting – PNCC 10 Year Plan
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Our next meeting is Wed 1 April 7.30pm at the Bridge Club (corner of Cuba and Cook Streets).

The topic for this meeting is the Palmerston North City Council 10 year plan. The draft plan is currently being
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finalised and will be available for public consultation from the 30 March. At the meeting we will get a chance to
hear the Council’s Vision for our city and what the Council is thinking of doing over the next 10 years, with
particular emphasis on the first three years.

Lance Morrison will also speak too with the Chamber of Commerce’s perspective of the 10 year plan.

Come along to find out what the future priorities for Palmerston North are!

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   March Meeting Review – Lessons from Two Investors

At our March meeting Lex Severinsen and Grant Ogilvie gave presentations on some of the lessons they have
learnt from their investment experiences to date.

Lex’s presentation was entitled “It Seemed Like a Good Idea at the Time…” and was filled with plenty of light
hearted stories and some valuable lessons for us all. The final take home message was to make sure you are
enjoying life and keep this in mind when you are in the investing business.

Julianne Olsen also gave a presentation to members on the state of the US housing market – a copy of her
notes from the presentation can be found on our website: HERE

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   Dr Fred Grosse – July MPIA Meeting

The MPIA is currently working on a proposal to bring international speaker and business coach Dr. Fred Grosse
to Palmerston North as our speaker for our premier event of the year in July.

This will be a great opportunity for all our members to hear an inspirational speaker without having to travel, and
we will also seek attendees from our neighbouring PIAs.

Details are still being finalised but are currently proposed as follows:

Event Details:
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Date:       Saturday 4 July 2009
Time:       1.00 pm to 5.30 pm
Venue:      Palmerston North Convention Centre
            Main Street West
            The Square
            Palmerston North
Speaker:    Dr. Fred Grosse Ph.D
                                                                       Dr Fred Grosse

Dr Fred Grosse:

Dr Fred Grosse is commonly referred to as "the unfair advantage" among his clients and he has worked with
thousands of Business Executives, Managers, and Sales People providing direct coaching on how to:

-   double and triple your income in less time
-   design a life where affluence and quality of life are mutually inclusive
-   dramatically increase your productivity by working smarter to achieve an elusive level of results

Dr Fred is the author of “Black Belt of the Mind - A Conscious Approach to Wealth” and in 2008 he was warmly
received as the keynote speaker at the New Zealand Property Investors Federation Conference.

Event Sponsorship:

We are currently seeking sponsorship for this event. MPIA members interested in the opportunity of supporting
the event can discuss options with the MPIA committee or download a copy of the SPONSORSHIP PROPOSAL
from our website.

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   Landlord of the Year 2009

THE SEARCH IS NOW ON FOR LANDLORD OF THE YEAR 2009.

Don’t forget – the Landlord of the Year award for 2009 sponsored by the Department of Building and Housing is
up for grabs again. Closing date for entries is July 15 2009. You can download an application form from the
NZPIF website.

It would be great to have a landlord from Manawatu take out this award! If you routinely go the extra mile for your
tenants then consider entering today and feel free to come and discuss with one of the MPIA committee.

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   Robert Kiyosaki in Auckland
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Robert Kiyosaki – author of “Rich Dad, Poor Dad” is coming to Auckland for an event on the 3 and 4 June at
the Logan Campbell Centre.

Robert Kiyosaki must be one of the most recognised international speakers in the field of financial education.
Here is a rare opportunity to see him LIVE in New Zealand.

This event will cover:
- How to discard your old, limiting ideas about money
- How to think like the rich and live like the rich
- Why you don’t need a high income to become rich
- How to beat the recession we’re bound to have
- How to do what you choose not what you have to
- Why simply saving money is taking you backwards
- How to make the personal plan that fulfils YOUR dreams
- How to become financially free for life


For full details on the event and registration go to this website: HERE

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   NZPIF Conference 2009 – March Special (Nearly Ended)

MARCH TAX BREAK SPECIAL PRICE FOR 2009 CONFERENCE


Time is running out if you wish to take up this MARCH ONLY special offer for members to register for the 2009
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NZPIF Conference “Buck the Trend” which is being held in Auckland on the 14 – 16 August at the Alexandra
Park Race Course.

The March special is $449 for the entire conference. This price is $100 less than the Early Bird fee of $549.

Printed conference flyers with registration forms are available from the MPIA Committee or you can register
online at www.propertyconference.org.nz.

The conference website is now live and will be updated regularly with details of the speakers, programme and
accommodation options.

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   Recent News
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- OCR Reduced to 3 Percent (12 March)

On 12th March the Reserve Bank reduced the Official Cash Rate (OCR) by 50 basis points to 3 percent.

Full details of the OCR announcement can be found on the RBNZ website: HERE

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- Increases to Long Term Mortgage Rates

Despite the changes to the OCR we have started to see increases in longer term mortgage rates which are
causing a dilemma for borrowers on when to fix long term.
Current trends have floating rates down, little action in the short to medium term rates and long term rates
increasing.

There are plenty of good commentaries on what is happening in the world of interest rates on the web but a
good place to start is the Good Returns website: http://www.goodreturns.co.nz

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- Investment houses 'back to fair value' (Source NZ Herald 24 March)

“House prices have fallen below a fair price that investors should be willing to pay - the first time this has
happened since late 2006 - says the Westpac Bank.

Westpac economist Doug Steel told an Auckland regional job summit yesterday that house prices were now
"around fair value" based on rents, interest rates and other costs.

"The negative sentiment towards housing is overblown," he said.

"That's not to say everyone should leap into the housing market. Our view for house prices is that they will drop
by 5 per cent in 2009 and stay flat in 2010, but I think that is more positive than many.”

You can read this full story on the NZ Herald website: HERE

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- Massey University says home affordability looks better (26 March)

“Owning a home is getting more affordable.

The latest Massey University figures show an 8.3 percent improvement over the last quarter.

The three drivers of the affordability equation have improved. House prices were down 2.2 percent, weighted
average mortgage rates dropped more than five percent and weekly wages increased by just over one percent.

All regions except Southland showed improvement in affordability, led by Central Otago and Lakes District,
Hawkes Bay and Northland.”

Full details of the Massey University report can be found HERE.

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Thanks for your time reading our newsletter and I hope to see you at our meeting on Wednesday 1 April,
7.30pm at the Bridge Club.


Regards
Grant Ogilvie

Manawatu Property Investors Association
President




E-mail: moozli@xtra.co.nz
PO Box 422
Palmerston North 4440

				
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