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Reserve Bank proposing to ease LVR restrictions
Bank of New Zealand

Reserve Bank proposing to ease LVR restrictions

First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.

By Michael Curreen • 3 min read • Fri, 28th Apr 2023
What were 2022’s top performing suburbs?
GFC

What were 2022’s top performing suburbs?

Higher mortgage rates and tighter lending rules have left New Zealand’s housing market weaker than expected, with sales at a 12-year low.

By Michael Curreen • 6 min read • Tue, 10th Jan 2023
‘One bright light’ amidst housing market downturn
Bank of New Zealand

‘One bright light’ amidst housing market downturn

Sales rose nearly 8% in November, offering a rare sign of resilience as New Zealand’s median house price fell 12.4% year on year.

By Michael Curreen • 3 min read • Mon, 12th Dec 2022
Rising OCR sees borrowers look beyond big banks
Bank of New Zealand

Rising OCR sees borrowers look beyond big banks

Higher borrowing costs are pushing first-home buyers towards brokers as the Reserve Bank lifts the Official Cash Rate to 4.25%.

By Michael Curreen • 2 min read • Wed, 23rd Nov 2022
Housing market facing challenges for rest of 2022
GFC

Housing market facing challenges for rest of 2022

Sharply higher mortgage rates and refinancing demand are set to deepen New Zealand’s property slowdown, CoreLogic warns.

By Michael Curreen • 4 min read • Wed, 3rd Aug 2022
Prices flatten with keen buyers still out there
Bank of New Zealand

Prices flatten with keen buyers still out there

Demand is still holding up this winter, with first-home buyers helped by easier deposit rules and lending changes despite softer sales.

By Michael Curreen • 11 min read • Sun, 17th Jul 2022
Well-timed relief for first home buyers
Property Market

Well-timed relief for first home buyers

Tighter lending and higher mortgage costs have pushed first home buyers to a seven-year low, even as government support rules are loosened.

By Michael Curreen • 8 min read • Sun, 22nd May 2022
Regional differences showing as property market downturn sets in
GFC

Regional differences showing as property market downturn sets in

Tighter credit and higher rates are leaving first home buyers more exposed, with some regions now showing early signs of vulnerability.

By Michael Curreen • 6 min read • Sun, 10th Apr 2022
Rising interest rates and tighter credit weighing on housing demand
Bank of New Zealand

Rising interest rates and tighter credit weighing on housing demand

Mortgage activity has slumped as tighter lending and higher rates cool demand, with CoreLogic warning house prices may fall further.

By Michael Curreen • 5 min read • Tue, 1st Mar 2022
Property resale gains high across the board
Property Market

Property resale gains high across the board

Record resale profits are still spreading nationwide, with 99.3% of homes sold in Q4 2021 making a gross gain, CoreLogic says.

By Michael Curreen • 4 min read • Fri, 25th Feb 2022
What the cash rate increase means for the property market
Supply Chain

What the cash rate increase means for the property market

Higher borrowing costs are cooling sales and slowing price growth, with more than half of NZ mortgages set to reset this year.

By Michael Curreen • 4 min read • Wed, 23rd Feb 2022
Housing affordability getting worse despite easing price growth
Bank of New Zealand

Housing affordability getting worse despite easing price growth

Mortgage repayments now absorb nearly half of household income, as record house prices and weaker wages push affordability to fresh lows.

By Michael Curreen • 6 min read • Fri, 18th Feb 2022
‘Certain property slowdown’ data confirms
Bank of New Zealand

‘Certain property slowdown’ data confirms

Higher mortgage rates and tighter lending rules are already cooling New Zealand’s housing market, with investor demand slipping further.

By Michael Curreen • 4 min read • Sun, 31st Oct 2021
OCR rise won’t deter first home buyers as rent increases continue
GFC

OCR rise won’t deter first home buyers as rent increases continue

Higher mortgage costs are unlikely to deter first-time buyers while rents keep climbing and remain above many monthly loan repayments.

By Michael Curreen • 4 min read • Fri, 8th Oct 2021
Plenty of real estate activity under Level 4
Digital Transformation

Plenty of real estate activity under Level 4

Online property traffic is staying strong during New Zealand's Level 4 lockdown, as buyers browse listings and sellers turn to virtual appraisals.

By Michael Curreen • 2 min read • Thu, 26th Aug 2021
Further mortgage restrictions coming as house price growth continues
Bank of New Zealand

Further mortgage restrictions coming as house price growth continues

Borrowers face tighter lending rules as the Reserve Bank moves to curb risky loans amid house values rising 1.8% in July.

By Michael Curreen • 6 min read • Tue, 3rd Aug 2021
Is this the turning point of New Zealand’s property market?
Westpac

Is this the turning point of New Zealand’s property market?

Rising mortgage rates and tax changes are set to cool sales, but CoreLogic says a full property downturn still looks unlikely.

By Michael Curreen • 6 min read • Thu, 22nd Jul 2021
Housing shortage key driver of unaffordable housing market
Bank of New Zealand

Housing shortage key driver of unaffordable housing market

Record-low inventory is pushing New Zealand house prices higher, leaving first-time buyers with fewer affordable options.

By Michael Curreen • 9 min read • Wed, 16th Jun 2021
First home buyers losing hope
Bank of New Zealand

First home buyers losing hope

Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.

By Michael Curreen • 7 min read • Tue, 18th May 2021