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 improved
For 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?