News
Risk of shock and panic: Economist's rate warning as mortgage pain looms, All things property, under One Roof
1+ hour, 43+ min ago (650+ words) - Borrowers are urged to lock in three-year mortgages for certainty, says economist Tony Alexander. - Two-year terms are most popular, but Alexander warns of risks with shorter fixes. - ANZ increased mortgage rates by 20 basis points, with two-year rates at 5. 49%. Borrowers are…...
Revealed: One in three Kiwi suburbs still stuck in the housing slump, All things property, under One Roof
2+ week, 6+ hour ago (708+ words) - One in three suburbs still has lower property values than three years ago, One Roof research shows. - Auckland and Wellington suburbs are hardest hit, with some areas experiencing significant declines. - South Island suburbs, especially in Christchurch and Queenstown, saw property…...
Tony Alexander: What the OCR hold and Reserve Bank warning mean for mortgage rates
2+ week, 3+ day ago (556+ words) ANALYSIS: The Reserve Bank has just conducted its regular review of the Official Cash Rate and left it unchanged at 2. 25%, as most analysts expected, and signalled the first of several rises would come in September, with the cash rate projected…...
Reserve Bank's OCR decision: What to watch in Wednesday's rate call
2+ week, 6+ day ago (493+ words) The five things you need to know about the housing market this week. I'm guessing most Kiwis know what the above headline is about. That's right, the OCR. On May 27, the Reserve Bank will publish its latest Monetary Policy Statement,…...
Mortgage fear: Rising fuel prices "making people think twice about more debt
3+ week, 5+ day 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....
Tony Alexander: Recession fears - have Kiwis pulled back from the brink?
1+ mon, 1+ day ago (501+ words) ANALYSIS: Each month I run five surveys of different groups to find out what is happening in the economy and the housing market in particular. Ahead of the Iran War, things were looking okay but not spectacular. It was reasonable…...
Raising OCR not the answer: Kiwi economist's frank warning to Reserve Bank as Iran war hits home
1+ mon, 4+ day ago (1829+ words) - Kiwibank's chief economist Jarrod Kerr says the US-Iran conflict is increasing oil prices, impacting lower-income households. - Economists are divided on when the Reserve Bank should raise the OCR, with some suggesting July. - The conflict is causing global economic uncertainty, affecting…...
Mini upturn in NZ house prices under threat, All things property, under One Roof
1+ mon, 1+ week 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…...
Jitters ahead: Will the Reserve Bank hike the OCR in May?
1+ mon, 2+ week ago (347+ words) The five things you need to know about the housing market this week. 1. Inflation was above target even before the Iran conflict The key economic release last week was the consumers price index (CPI), which showed a headline inflation rate…...
What the OCR warning and Iran ceasefire mean for Kiwi house prices
2+ mon, 5+ day 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,…...