New Zealand mortgage rates are dropping
Posted: Mar 18th, 2020In: Real NewsThis week, the Reserve Bank of New Zealand issued an emergency announcement, cutting the official cash rate by 75 basis points, to a record low of 0.25 per cent. Banks immediately passed on the cut[...]
Read More about New Zealand mortgage rates are droppingEconomists expect “minor drop” in mortgage rates
Posted: Mar 11th, 2020In: Real NewsIn less than two weeks, the Reserve Bank may – or may not – announce another OCR cut to 0.75 per cent (or even 0.5 per cent). But ASB economists believe that, this time, the[...]
Read More about Economists expect “minor drop” in mortgage ratesWill the coronavirus outbreak lead to a surprise OCR cut?
Posted: Mar 5th, 2020In: Real NewsANZ economists believe the rapidly escalating coronavirus outbreak could force the Reserve Bank of New Zealand to cut the official cash rate (OCR) by 0.5 per cent this month. The latest developments have prompted ANZ[...]
Read More about Will the coronavirus outbreak lead to a surprise OCR cut?Mortgage lending strong in January
Posted: Feb 27th, 2020In: Real NewsAccording to the latest Reserve Bank’s data, mortgage lending volumes are on the rise with New Zealanders borrowing a total of $4.7 billion in January – the highest figure on record for any January since[...]
Read More about Mortgage lending strong in JanuaryBusiest January in four years
Posted: Feb 25th, 2020In: Real NewsAccording to the latest REINZ report, the New Zealand property market had a strong start to the year, with the most residential properties sold in four years. If you are planning your next property moves[...]
Read More about Busiest January in four yearsInterest rates may remain low until 2022
Posted: Feb 19th, 2020In: Real NewsThis week, in the aftermath of RBNZ’s decision to keep the OCR at 1 per cent, ASB economists peered into their crystal ball and came up with a bold prediction: “We now expect the OCR[...]
Read More about Interest rates may remain low until 2022RBNZ plays down economic impact of Coronavirus
Posted: Feb 12th, 2020In: Real NewsThis week, the Reserve Bank of New Zealand (RBNZ) decided to keep the official cash rate (OCR) at 1 per cent. The decision was widely expected by economists, who couldn’t but notice the “upbeat” tone[...]
Read More about RBNZ plays down economic impact of CoronavirusFirst-home buyers have increased presence in the market
Posted: Feb 5th, 2020In: Real NewsIn December 2019, New Zealanders borrowed $6.5 billion – up nearly $1.2 billion compared with December 2018. And at 18.5 per cent, first-home buyers moved to a new record high share of the amount borrowed. [...]
Read More about First-home buyers have increased presence in the marketWill Kiwibank buy BNZ? Here’s what the experts say
Posted: Jan 29th, 2020In: Real NewsThe media recently reported that negotiations are underway for Kiwibank to take over BNZ from its parent, National Australia Bank (NAB). Some industry experts, like Simplicity founder Sam Stubbs, believe the deal could be worth[...]
Read More about Will Kiwibank buy BNZ? Here’s what the experts sayProperty experts look into their crystal balls
Posted: Jan 22nd, 2020In: Real NewsHousing market predictions continue to run rampant in the news, with property experts once again peering into their crystal balls. In the past few weeks, most economists have been revising their forecasts for 2020, saying that current market conditions[...]
Read More about Property experts look into their crystal balls