News
Mortgage fear: Rising fuel prices "making people think twice about more debt
6+ day, 17+ hour ago (652+ words) - Mortgage brokers report a significant drop in new applications as buyers grow nervous about debt. - Economic uncertainty and cost-of-living pressures are causing potential buyers to hesitate. - Property sales are down, with a focus shifting to loan restructuring and refinancing opportunities....
Precinct's boutique collection: Lock-and-leave homes for downsizers
1+ week, 2+ day ago (670+ words) Embodying quiet luxury, refined elegance, and architectural ingenuity on the edge of vibrant Saint Marys Bay, Pillars answers the question for discerning downsizers and those looking to right-size, defining what the next chapter in beautifully-considered, low-maintenance living can look like....
First-time buyers getting younger and scooping up more standalone homes
2+ week, 1+ hour ago (578+ words) The five things you need to know about the housing market this week. 1. It continues to be a great time to be a first-home buyer Cotality's latest First Home Buyer Report with Westpac confirms that first-home buyers (FHBs) remain a…...
Tony Alexander: It's 2021 again for sellers. .. but not in a good way
2+ week, 4+ day ago (688+ words) ANALYSIS: There is a good range of data now available on what is happening in New Zealand's residential real estate market, ranging from my own monthly surveys to the long-running releases from the likes of the Real Estate Institute of…...
Mini upturn in NZ house prices under threat, All things property, under One Roof
3+ week, 5+ hour ago (362+ words) The five things you need to know about the housing market this week. 1. The mini upturn may be about to falter The Cotality Home Value Index showed a modest 0. 1% rise in the nationwide median property value in April, the third…...
What the OCR warning and Iran ceasefire mean for Kiwi house prices
1+ mon, 2+ week ago (1096+ words) - The Reserve Bank held the cash rate at 2. 25% but warned of potential increases if inflation doesn't drop. - The Middle East conflict has slowed the housing market, with ANZ predicting a 2% price drop. - Experts say the ceasefire may stabilise oil prices,…...
Tony Alexander: What the OCR hold and rising inflation mean for mortgage rates
1+ mon, 2+ week ago (568+ words) ANALYSIS: As had been near-universally expected, the Reserve Bank left the Official Cash Rate unchanged at 2. 25%, the level it's been sitting at since November last year. Inflation, meanwhile, has risen from 2. 2% to 3. 1% over the last year or so and will…...
OCR: What Reserve Bank's next move could mean for mortgages, house prices
1+ mon, 2+ week ago (380+ words) The five things you need to know about the housing market this week. 1. Looking beyond Wednesday's OCR decision The Reserve Bank will be making a call on the Official Cash Rate on Wednesday. It's almost certain to hold it at…...
Tony Alexander: Agents tell it straight - the housing market is grinding to a halt
1+ mon, 3+ week ago (596+ words) ANALYSIS: This week, I completed my latest monthly NZHL-sponsored survey of New Zealand real estate agents. The results provide insights into what is happening in the housing sector at the coalface. This is the second such survey I've undertaken since…...
Why the housing market is the least of the Reserve Bank's worries
1+ mon, 3+ week ago (484+ words) The five things you need to know about the housing market this week. 1. Reserve Bank strikes a cautious tone about interest rates There have been some key speeches made by Reserve Bank officials in recent days, which have tended to…...