Mortgage wars heat up in post lockdown as sales begin to rise in Auckland
Mortgage wars heat up once again as banks compete to get first time buyers with their record low home loan interest rates.
Official Cash Rate remains at 0.25 per cent and property market expected to pick up as restrictions are lifted
It came as no surprise that the Reserve bank has kept the OCR at 0.25 per cent, hinting that it could be dropped lower in the future, just as the…
What will happen to house price?
According to the CoreLogic QV April 2020 House Price Index results out this week, momentum in the property market continued right up to the level four COVID-19 enforced lockdown. What’s…
Property market could recover sooner as Level 2 looms
A new report from One Roof has revealed that the local property market may recover faster than anticipated, just as the real estate industry prepares for a return to normalcy…
Reserve Bank lifts LVR restrictions as property market moves into Post-COVID-19 future
The Reserve Bank announced last week that it will be lifting its value ratio restrictions for 12 months with hopes to keep lending and investing afloat in the post COVID-19…
COVID-19 impact on NZ real estate
The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19.
Property market quickly responds to coronavirus crisis
As the country and world quickly respond in unprecedented ways to the coronavirus crisis, those watching the property market are watching in kind with uncertainty of the future with experts…
January marked 100 consecutive months of annual house price growth says REINZ
With median house prices up by 11.8% in January, the first month of the new decade marked a milestone in a remarkable 100 consecutive months of year-on-year median house price…
Market reactions to Covid-19 – steady as she goes for now
As the national and international economies react to the fast-spreading Covid-19 virus, many are probably wondering if it will affect our current strong housing market.
CoreLogic QV February 2020 House Price Index: “The upswing continues”
According to the CoreLogic QV February 2020 House Price Index results out today, the average value of property across New Zealand rose by 1.1% over the month, taking the three-month…
The summer sizzle continues as borrowing, listings and sales all increase significantly
There is no holding back in the market uplift as data for Jan-Feb 2020 reveal that not only has borrowing increased with First Time Buyers and Investors, but listings and…
Auckland house sales continue to climb into 2020
Auckland refuses to slow down the sales climb that started late last year, with new data from the Real Estate Institute of New Zealand showing a decent increase in sales…
A 30% investment return? Try Rangitikei, Clutha, and Gisborne: says CoreLogic
By combining gross rental yields with the change in property values over the past year (i.e. capital gains), we can look at total investment returns – and unsurprisingly the recent…
New Zealand: housing crisis requires bold human rights response, says UN expert
The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur on the right to housing, at the end of…
New homes being built increases as auction rooms sizzle
A new report has shown the number of new houses being built in the city has increased substantially in the past two years and will only continue to grow in…
Market starts out 2020 strong with strong sales and prices
2020 is starting off strong with record sales in Auckland and a slight rise in house prices.
CoreLogic QV January 2020 House Price Index: recovery in property values across Auckland has continued
According to the CoreLogic QV January 2020 House Price Index, property values rose by 0.7% over the month, with the annual rate of growth increasing to 4.4%. That’s a further…
House inflation predictions rise as confidence in the market returns
ANZ has raised its House Inflation Prediction from 6% to 8%, matching forecasts from other lenders as confidence in the market returns. The Government furthers its investment in the market…
Auckland median prices the highest in 32 months: REINZ’s December data
Median house prices in Auckland have increased by 2.9% to $885,000 – up from $860,000 at the same time last year – the highest price in 32 months, according to…
House prices and sales up in November and continue to trend in December
Christmas has come early for those actively involved in the Auckland Market as data from the Real Estate Institute of New Zealand shows that both house prices and sales volumes…
Mortgage Lending Restrictions Stay as First Home Buyers Hit New Lending Heights
Following suit from their Official Cash Rate (OCR) announcement, the Reserve Bank (RBNZ) has announced that the current Loan-to-value (LVR) restrictions will also stay at their current levels. New data…
Mortgage rates plateau as market expectations rise in positive direction
Mortgage rate may have possibly reached their lowest point in this cycle, fresh off the announcement from the Reserve Bank to keep the OCR on hold at 1%. The Reserve…
Auckland Property Market Heats Up as OCR Remains At 1%
The Auckland property market continues to heat up with increased buyer interest recorded in the last month, as prices remain steady. The Reserve bank surprised economists last week, announcing it…
Auckland Residential Listings Begin to Tighten as Sales Numbers Remain Steady
New data from Core Logic reveal that Auckland residential listings have remained varied across the year, with clear impacts on values, but summer volumes are beginning to tighten things up…
