 |
Slump hits loan staff
(25 Aug 2008)
The Bank of New Zealand is proposing to make more than half its mobile mortgage managers redundant in the face of the continuing property slump
more >> |
|
Mortgagee sales spark feeding frenzy
(25 Aug 2008)
Home investors and buyers are ina frenzy over an estimated five-fold invrease in mortgagee sales in the last year, but bargain hunters are set to be disappointed.
more >> |
|
A question of supply and demand
(22 Aug 2008)
The feature article in the August 20 ANZ Property Focus replies to a commentator who believed the ANZ economists were not taking basic economic laws sufficiently into account
more >> |
|
Home loan report: Tweaking continues
(22 Aug 2008)
Lenders are continuing to tweak their rates downwards as they react to the cut last month in New Zealand's official rate of interest and look forward to further falls.
more >> |
|
Catch a falling knife? A good time to buy a house people tell housing survey
(19 Aug 2008)
More people think house prices will keep falling - yet a growing number also think it's a good time to buy one, according to new housing confidence survey.
more >> |
|
National has sympathy for owners but no promises
(18 Aug 2008)
National is making noises about Government help to the owners of leaky buildings, but is unlikely to meet local government demands to pay a big share of the repair bills
more >> |
|
Lower interest rates improving home loan affordability
(18 Aug 2008)
It's now easier for average New Zealanders to afford their own house than it has been for 18 months.
more >> |
|
Forced sales double
(18 Aug 2008)
A growing number of homeowners and property investors are being forced by their bank or finance companies to sell their properties through a mortgagee sale
more >> |
|
Mortgage scam victims speak out
(14 Aug 2008)
A nutritionist, mortgage broker, real estate agent and office receptionist told how they were all victims of the mortgage scam run from a Mt Albert real estate office.
more >> |
|
Fragile market
(08 Aug 2008)
New Zealand's first reduction in official interest rates for five years has delivered some cuts to mortgage rates. But some rates have gone up, underlining the fragile state of the mortgage market.
more >> |
|
Accidental landlords flooding the market
(07 Aug 2008)
Auckland rents are tumbling as disappointed vendors pull their houses off the market and flood the city with flats.
more >> |
|
Estate agents back in demand with sellers
(05 Aug 2008)
Cautious vendors are more likely to enlist a professional real estate agent to sell thier properties in the prsent housing market rather than sell it themselves, a study finds
more >> |
|
The Political & Regulatory Report
(05 Aug 2008)
TAXATION (International Taxation, Life Insurance, & Remedial Matters) Bill
The Tax Bill was introduced to Parliament on 23 July.
more >> |
|
Property drought worsens during the wet months
(05 Aug 2008)
There aren't enought homes on the market to satisfy cashed up buyers, says one of the big Auckland real estate firms.
more >> |
|
NZ business gets even gloomier, says bank survey
(01 Aug 2008)
Business confidence has worsened in the National Bank Business Outlook July Survey.
more >> |
|
Thomas Chin's July Report
(01 Aug 2008)
The first readings of the Residential Tenancies Act Amendment Bill and the Unit Titles Bill have again been stalled but there has been some progress on other bills.
more >> |
|
Rate cut provides lid
(01 Aug 2008)
New Zealand's first reduction in official interest rates for five years has delivered some cuts to mortgage rates. But some rates have gone up, underlining the fragile state of the mortgage market.
more >> |
|
Ratepayers likely to face $2m leaky homes bill
(31 Jul 2008)
Twelve 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.
more >> |
|
Banks fall into line on mortgage rates
(31 Jul 2008)
The 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.
more >> |
|
Trading places in a tight market
(27 Jul 2008)
The "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.
more >> |
|
OCR reduced to 8.00%
(25 Jul 2008)
The Reserve Bank today reduced the official cash rate (OCR) from 8.25% to 8.00%.
more >> |
|
Bollard cuts interest rates - but what will the banks do now?
(24 Jul 2008)
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.
more >> |
|
Buying a house 'more than twice as dear as renting'.
(22 Jul 2008)
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.
more >> |
|
Get rent wise
(19 Jul 2008)
Becoming a landlord in a slow property market can be daunting particularly if you don't know the first thing about tenancy law.
more >> |
|
Rollercoaster rates
(18 Jul 2008)
Borrowers 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.
more >> |
|
Kiwis told to be wary of Aussies bearing gifts
(16 Jul 2008)
High profile Australian property investor and author Michael Yardney warns New Zealanders they could be ripped off by Australian property marketers
more >> |
|
Veda Advantage releases six-month economic review as times get tougher for Kiwis
(16 Jul 2008)
New 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.
more >> |
|
Property keeps falling - June prices down 2 percent.
(11 Jul 2008)
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.
more >> |
|
Make it short
(11 Jul 2008)
Finally 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.
more >> |
|
Investors seek farm exposure
(10 Jul 2008)
Growing 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.
more >> |
|
Houses rented out as sales stall
(04 Jul 2008)
Activity in the housing rental market market is surging as vendors back off on selling during the housing slump
more >> |
|
Surprise! Funding costs rise again
(04 Jul 2008)
Just as we had got accustomed to the idea that the worst might be over for mortgage rates, the market has sprung another surprise.
more >> |
|
RESIDENTIAL TENANCIES AMENDMENT BILL - Introduced
(30 Jun 2008)
The RTA Bill is on Parliament’s agenda for its first reading. The Bill is to be referred to the Social Service Select Committee for consideration.
more >> |
|
Slow trickle
(27 Jun 2008)
Rate changes have slowed to a trickle over the past week as the mortgage market settled following the latest cut in funding costs.
more >> |
|
Light at the end of the tunnel?
(27 Jun 2008)
Sections and apartments are often talked about as the most vulnerable part of the property market. In the June ANZ Property Focus, tables have been updated showing which regions have the most exposure to sections and apartments, relative to other types of sales
more >> |
|
Drop-off in rental prices a surprise, says market expert.
(24 Jun 2008)
The median rent has slipped $5 a week to $295, according to a quarterly report on the residential rental market.
more >> |
|
Good home loan news mixed with caution
(20 Jun 2008)
More of the same is probably the best way to sum up developments in the home loan market over the past week.
more >> |
|
The boom has turned to bust
(15 Jun 2008)
The property downturn is not a blip and Auckland's top suburbs are suffering, with the desirable suburbs of Kohimarama, Greenlane, Westmere, Point Chevalier and Epsom declining more than any other.
more >> |
|
Building wealth: New view of a familiar slump
(15 Jun 2008)
There is not too much that is good about getting older, says Martin Hawes. The only silver lining he can find on an age cloud is you have experience - you are able to look at things with experience and recognize that you have seen similar situations before.
more >> |
|
Mexican stand off in housing market
(13 Jun 2008)
A Mexican stand-off between house buyers and sellers continues, according to some interpretations of the latest real estate prices.
more >> |
|
Flurry of rates
(06 Jun 2008)
After months of little movement in home loan rates there has recently been a flurry of conflicting movements, making it a difficult time for people wanting to refinance or take out a new loan.
more >> |
|
House prices may fall 13 per cent - Bollard
(05 Jun 2008)
While mortgage interest rates may be coming down soon, house prices are also heading south, says Reserve Bank Governor Alan Bollard.
more >> |
|
Softer tone expected from Reserve Bank
(03 Jun 2008)
Dene McKenzie reports that the Reserve Bank is expected to adopt a softer tone in its monetary policy statement on Thursday in recognition the economic outlook has deteriorated sharply.
more >> |
|
Global house prices suffer severe slump
(03 Jun 2008)
From Dublin to Tokyo, house prices have slumped in the past year as the credit crunch has restricted lending and stunted growth in the biggest economies, new figures have shown.
more >> |
|
Greater protection for tenants under new RTA bill
(30 May 2008)
The Residential Tenancies Act (RTA) amendment bill introduced to Parliament yesterday will give greater protection to vulnerable tenants and help both landlords and tenants to understand and enforce their respective rights.
more >> |
|
Will new bill correct anti-landlord bias?
(30 May 2008)
Landlords seek tenancy legislation which is balanced and commonsense law, Martin Evan, President of the NZPIF said today.
more >> |
|
AMENDMENT BILLS INTRODUCED
(30 May 2008)
The Residential Tenancies Amendment Bill and the Unit Titles Amendment Bill have both been introduced into Parliament (29 May).
more >> |
|
Property stacks up on risk and return
(25 May 2008)
The property market's spectacular run of capital growth is over for now and yields have been squashed by high prices and interest rates - but to many investors the local share market is a less-than-alluring alternative
more >> |
|
Floating up, fixing down
(23 May 2008)
Green ink continues to spread across Good Returns' mortgage listings as non bank lenders join the mainstream banks in cutting the cost of fixed rate funds over the one to three year terms.
more >> |
|
House slump. Don't blame the messenger
(21 May 2008)
BNZ Chief Economist, Tony Alexander, is defending the media against real estate industry accusations that it is to blame for the housing market slump
more >> |
