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News
ASB: NZ house price boom era is over, moderate recovery ahead
3+ day, 7+ hour ago (293+ words) Structural shifts point to slower, steadier house price gains for years ahead New Zealand's housing affordability has improved sharply from 2021 extremes, with house prices now sitting at roughly 6.7 times household disposable income, down from a peak of 9.8, according to ASB's…...
Why a record buyer's market still isn't helping buyers qualify
3+ day, 21+ hour ago (611+ words) See how lenders are stepping up to support brokers and buyers in a tough market While it’s hard to make a blanket summary of the housing market due to its hyperlocal nature, many signs are pointing to buyers having an…...
Buyer demand surges in back-to-school bounce, Rightmove data shows
4+ day, 2+ hour ago (524+ words) Buyer demand rose 5% in September's first week, far outpacing the five-year seasonal average The UK’s largest property platform Rightmove recorded a stronger than usual back-to-school return this September. Buyer activity rebounded as home-movers resumed their searches after the summer break....
NZ house prices won't recover to 2021 highs until 2029: ASB
3+ day, 21+ hour ago (314+ words) ASB tips a slower, income-led recovery as structural headwinds reshape the housing outlook New Zealand house prices are unlikely to reclaim their late-2021 peaks until as late as 2029, according to a new ASB Economics note, which argues the housing market…...
Hike or hold? Industry figures weigh in ahead of BoE rate decision
4+ day, 19+ hour ago (922+ words) Mortgage professionals warn clients face a fragile window as swap rate surge drives fresh lender repricing Bank of England governor Andrew Bailey has warned that UK mortgage rates have risen faster than almost anywhere in the G7, as brokers urge clients…...
NZ GDP set to beat expectations as economy shakes off oil shock
4+ day, 21+ hour ago (367+ words) Westpac lifts June quarter GDP forecast, tipping strongest result since 2023 New Zealand's economy looks to have weathered the Middle East oil shock better than feared, with Westpac upgrading its June quarter GDP forecast ahead of next week's official data release....
NZ economy shrugs off global shocks as growth momentum returns
4+ day, 22+ hour ago (362+ words) BusinessNZ forecast points to nearly 3% growth by 2028, boosting confidence New Zealand's economy is looking more resilient than expected, with two separate forecasters now pointing to the same conclusion: momentum is returning, even as global risks linger. That reading lines up…...
Mortgage rates tipped to keep climbing as OCR tightening cycle continues
4+ day, 22+ hour ago (409+ words) ASB says fixed and floating rates are past their lows, with upward pressure set to persist New Zealand mortgage rates have moved past the bottom of the current cycle, according to ASB's latest Home Loan Rate Report, with the bank…...
Business conditions go negative for first time since 2020
4+ day, 22+ hour ago (326+ words) Weak profitability and sliding confidence raise borrowing capacity concerns for brokers A 10-point drop in profitability and a five-point fall in trading conditions dragged Australian business conditions into negative territory in August — the first time that's happened in six years....
Consumer confidence sinks back to pessimistic lows as rate fears mount
5+ day, 1+ hour ago (474+ words) Mortgage rate concerns drag household sentiment back down Australian consumer confidence has slumped, with fresh Westpac-Melbourne Institute data showing sentiment has fallen back towards the deeply pessimistic levels seen earlier this year — a shift brokers should be prepared to discuss…...