Archive: 2008
Ratepayers likely to face $2m leaky homes billTwelve Takapuna townhouse owners have been awarded more than $2million to fix their leaky buildings - ant the North Shore City Council is expected to foot the bill. Banks fall into line on mortgage ratesThe main banks have followed ASB's lead in chopping the most popular interest rate with home owners two-year fixed to 8.95 per cent. Trading places in a tight marketThe "trade" market, in which sellers and buyers offer to exchange properties or other assets to help conclude a property transaction, is coming back into prominence again. OCR reduced to 8.00%The Reserve Bank today reduced the official cash rate (OCR) from 8.25% to 8.00%. Bollard cuts interest rates - but what will the banks do now?The Official Cash Rate was this morning cut for the first time in five years but homeowners might have to wait for their mortgage rate to follow suit. Buying a house 'more than twice as dear as renting'.Buying a house is now almost two to two and a half times as expensive as renting, according to figures to be presented at a seminar today. Get rent wiseBecoming a landlord in a slow property market can be daunting particularly if you don't know the first thing about tenancy law. Rollercoaster ratesBorrowers face renewed uncertainty over the future direction of home loan rates following events of recent days in New Zealand and overseas. The general direction of rates is still downward but the descent looks set to include some hairpin bends. President's July ReportCode of Ethics launched.
New Landlord of the Year Award.
Comments to politicians on RTA Amendment Bill.
Online transaction facility organised.
High profile speaker’s tour of 7 Associations.
Kiwis told to be wary of Aussies bearing giftsHigh profile Australian property investor and author Michael Yardney warns New Zealanders they could be ripped off by Australian property marketers Veda Advantage releases six-month economic review as times get tougher for KiwisNew Zealand's largest credit information provider today released its first biennial snapshot of the NZ economy, based upon comprehensive information collated from its Credit Bureau. Property keeps falling - June prices down 2 percent.The winter housing slump is showing no sign of abating, with median prices falling by 2.15 per cent in June - from $345,000 in May to $340,000 according to official numbers released today by the Real Estate Institute. Make it shortFinally it seems there is some good news for borrowers at the moment. After a long period of rising home loan rates there are clear signs that things area turning around. Investors seek farm exposureGrowing investor demand for exposure to the booming dairy industry is expected to stimulate New Zealand Exchange (NZX) listings, with six diary company floats likely within the next three years. Houses rented out as sales stallActivity in the housing rental market market is surging as vendors back off on selling during the housing slump Surprise! Funding costs rise againJust as we had got accustomed to the idea that the worst might be over for mortgage rates, the market has sprung another surprise. Results: 16 |