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...
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.
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...
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.
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.
July’s positive sales numbers add some energy to the property market which should be further bolstered by Reserve Banks of New Zealand's (RBNZ) big August Official Cash Rate (OCR) cut.
We take a look at the current market conditions and what's putting pressure on renters, while also keeping you up to date with the Reserve Banks capital review and the potential impact on mortgage rates.
If you’re buying your first home or helping a family member enter the property market, make sure you’re ‘bid ready’ by doing the following before raising a bidder paddle or making an offer. Three things every aspiring first home buyer needs to do before entering the property market.
Despite a mild winter the housing market in terms of sales volume has caught a decent winter chill, with the number of homes sold down 19.6% on last month and 3.8% on the same time last year. This makes it the quietest June since 2015.
Building a new home is more popular than ever, as evidenced by Mays strong building consent data. Aside from the obvious benefits of getting something brand new and just how you like it the demand is supported particularly among first home buyers with exemptions from LVR restrictions and elig...
Your x-ray vision has showed you some properties you’d like to buy. And you’re ready to move faster than the speed of light. But, even your sharp senses aren’t telling you just how much you can borrow… And, uncertainty and lack of confidence are a buyer’s kryptonite! Enter your super power in th...
The market continues to breathe a sigh of relief as the prospect of capital gains tax fades into the rearview mirror, while first home buyers put their best foot forward taking full advantage of a loosening in LVR regulations and low interest rates.
The market continues to breathe a sigh of relief as the prospect of capital gains tax fades into the rearview mirror, while first home buyers put their best foot forward taking full advantage of a loosening in LVR regulations and low interest rates.