6 questions
Could your daily coffee fix be stopping you owning your own home? The game has changed: Six items banks are keeping a closer eye on when assessing your loan application.
NEWS & INSIGHTS
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Momentum starting to build as median prices hit a new high
After an encouraging start to spring the signs of momentum building in the housing market are becoming more apparent, especially outside of Auckland. Continued record low interest rates, a re-emergence of strong investor demand in response to factors such as low returns on other assets (e.g. term...
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The Impact of the Foreign Buyer Restrictions 1 year on
It's been over a year now since the government introduced stringent new restrictions on foreigners' ability to purchase residential property in New Zealand. There was a heated debate on the likely impact of the regulations and whether they were based in economic reality or ideologically centred -...
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Tax departments sharing information
In the interests of making sure customers are on top of their tax obligations in relation to assets and income, in New Zealand and abroad we checked in with Daniel Gibbons; a property tax specialist to get some background around the recent IRD activity in this space and some tips for keeping out ...
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Are we seeing the spring bounce?
It's good news for borrowers this month with the competitive interest rate environment continuing to offer some great deals. Buyers are also showing some signs of life as we roll through spring with sales volumes rebounding. This is being supported by the low rates, an undersupply of housing in s...
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Deposits, the current landscape
Along with how much can I borrow the number one question we get asked is how much deposit do I need to get into the home I want? The answer varies for a large number of reasons and with January's Loan to Value Ratio (LVR) restriction changes and the KiwiBuild reset we felt it was a good time to g...
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Kiwibuild reset finally drops, but leaves many underwhelmed, as do spring sales volumes.
Kiwibuild reset finally drops, but leaves many underwhelmed, as do spring sales volumes.
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Spring clean your finances and be ready to buy!
Looking to buy, move or upgrade and take advantage of record low interest rates? Spring clean your finances to make sure you are mortgage ready.
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Wet finish to Winter dampens NZ sales volumes.
While sales volumes had shown a resurgence recently, August saw a reversal with a decrease of 6.1% on the same time last year to the lowest level in 7 months. The situation was variable across the board. Nelson, Bay of Plenty and Tasman all had their best August in 3 years, while Southland 33...
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There’s more to a good loan than a great rate!
With all the hype around record low interest rates it's easy to get tunnel vision and focus only on the lowest number when choosing a home loan provider, however finding the right loan is about much more than just the best rate.
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Selling this Spring?
A recent study has revealed that it takes only eight minutes on average for house hunters to decide whether or not to buy a particular property. That’s swift! Even more-so if you consider that buying a home is the single biggest purchase a person will make in their lifetime. So if you’re selling...
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Market update, OCR Cut.
The Reserve Bank shocked lenders and borrowers alike with it's big August Cash Rate cut sending the market into a spin and lenders scurrying to outdo each other on rates in a mortgage rate battle that could leave buyers with a smile on their face.
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Shock OCR pumps more life into mortgage wars and squeezes savers.
Reserve Bank Governor Adrian Orr bucked expectations with a shock 50 basis point (bps) OCR cut on August 7th. Double what the market expected it sent economic commentators and bank pricing committees into a spin.