SHERRY WANG BLOG

As home finance experts, we love keeping Kiwis like you up to speed on finance news, home advice and tips to grow your wealth.

  1. Property market returning to equilibrium

    After the property market boomed in 2021 and started cooling in the first half of 2022, it now appears to have stabilised, according to realestate.co.nz. The data is also telling a much more positive story than the doom-and-gloom headlines might suggest.

  2. New law aims to stop consumers being ripped off

    The government has introduced a new regulatory regime to govern conduct in the financial sector. Under the new regime, the authorities will be able to ban or regulate certain sales incentives. Also, banks will have to maintain effective policies to ensure customers are treated fairly.

  3. 7 ways to save more money and beat the rising cost of living

    Prices are rising fast for many goods and services, so it’s never been more important to economise. With that in mind, here are seven things you can do to save money without seriously affecting your quality of life.

  4. The places where property prices are still rising

    Property prices may have declined in New Zealand as a whole during the first half of 2022, but some towns and regions actually experienced growth. Two major cities recorded price growth between January and May, along with a collection of smaller communities.

  5. Why this could be a great market for long-term property investors

    Property prices are falling and interest rates are rising, so you might be wondering: is this a good time to invest in property? The answer is definitely no for some people. But for others, now might be the perfect time to buy an investment property.

  6. New housing intensification rules about to take effect

    From August, councils in the greater urban areas of Auckland, Hamilton, Tauranga, Wellington, Christchurch and Rotorua Lakes will have to apply new medium-density residential standards to most of their housing stock. So what are these new rules, why have they been introduced and what will they...

  7. House prices fall 0.9% over the quarter

    New Zealand’s national median house price has recorded the biggest quarterly decline since 2010. There are two main reasons why prices are going backwards in much of the country.

  8. Clever Kiwis took advantage of low rates to get ahead on their mortgage

    Almost half of all home loan customers are ahead on their repayments, while just a tiny percentage are behind. This means many borrowers are quite well placed in an environment of rising interest rates, according to the New Zealand Bankers’ Association.

  9. Positive signs emerging for buyers, says top economist

    According to economist Tony Alexander, a real estate market without the exuberance of buyer FOMO has begun to emerge across New Zealand as higher mortgage rates and inflation take their toll on household budgets, and this is good news for many buyers who’ve watched their target properties disappe...

  10. Inflation spike feeds rumours – is it time to fix your loan rate?

    The reasoning behind four consecutive interest rate rises came into sharp focus this month when annual inflation hit 6.9% in the March quarter – its highest level since June 1990...

  11. Proposed property management regulation ‘welcome news’

    New property management regulations, in response to industry demands, will impact investors and landlords if passed into legislation. The proposal would establish a licensing regime and standards for professional property managers and licences would have to be renewed annually.

  12. Property affordability splits Kiwi society

    Attitudes to property prices and ownership have driven a wedge through New Zealand society, a new ConsumerLink poll has found. A total of 1,000 New Zealanders took part in the poll, which followed the decision of the Reserve Bank of New Zealand to raise interest rates at a fourth consecutive poli...

  13. Property price growth is slowing according to latest data

    Has the property market boom ended? It’s possible with the latest property data showing signs that some of the rocket fuel is out of the market, and concerns about inflation and higher mortgage rates could be having an impact.