This time, the Reserve Bank didn’t take economists by surprise as it announced that the official cash rate (OCR) would remain unchanged at 1 per cent. To quote ASB chief economist Nick Tuffley, a lower[...]Read More about OCR unchanged – but mortgage rates may rise
Affordability – Over the past few years, this has been the buzzword in the New Zealand’s property market. But what does “affordable housing” mean, and how do we create the conditions for it to happen? The recent KiwiBuild[...]Read More about What does affordable look like in New Zealand?
After an eventful winter season, spring looks set to bring more changes to the property and lending landscapes on both sides of the Tasman. Here’s our breakdown of the key things to know, and some[...]Read More about Are your clients ‘setting and forgetting’ their mortgage?
Senior journalist David Hargreaves has recently published a compelling analysis, comparing mortgage stats and KiwiSaver withdrawal data. According to the IRD, KiwiSaver first-home withdrawals have almost doubled since 2016 – from $494 million to the[...]Read More about First-home buyers found nearly one billion reasons to use KiwiSaver
Becoming mortgage-free is a significant life goal for many New Zealanders – and rightly so. With about 40 percent of new borrowers borrowing over five times their annual incomes, your home loan payments are probably[...]Read More about The power of $10
Applying for a first mortgage can be an exciting and stressful time. For most people, it’s the biggest debt they’ve ever had. If you, or someone you know, is about to go through this, here[...]Read More about Mistakes that can stop you getting a mortgage
This week brought more good news for borrowers, with some New Zealand banks recently cutting their mortgage servicing rates from between 0.5% to 0.8%. This means that actual servicing rates are now more aligned with[...]Read More about A little potential boost for the housing market