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 marketAfter years of shifting conditions, property investors are dipping their toes in the market – especially the ‘mum and dad’ investors. In July, according to CoreLogic’s data, mortgaged investors accounted for 25% of all property […]
Read More about Are property investors back?Good news for first-home buyers: according to a new report from Moody’s Investors Service, low interest rates (coupled with slowing price growth and average salary increases) have improved housing affordability across the country. To be […]
Read More about NZ’s property affordability has improvedFor the time, the RBNZ has released debt-to-income (DTI) data for new mortgage applications, showing the total borrower debt compared to borrower income. While there was no indication as to what a high DTI may […]
Read More about How big are Kiwis’ mortgages?It has been an eventful week in New Zealand. In a surprise move, the Reserve Bank cut the Official Cash Rate down to just 1%. Forecasters were expecting a lesser .25 percent cut, but according […]
Read More about OCR down to 1% – Time to run the numbers again?
In what has been described by economists as a ‘stunning move,’ this month the RBNZ chose to slash the Official Cash Rate (OCR) from 1.5% to just 1% – despite commentators predicting it would be […]
Read More about What does another rate cut mean for borrowers?