News
What the OCR warning and Iran ceasefire mean for Kiwi house prices
1+ week, 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,…...
Tony Alexander: What the OCR hold and rising inflation mean for mortgage rates
1+ week, 6+ day 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
2+ week, 1+ day 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…...
First "golden visa" sales: Buyers from Germany, US, South Korea and China snap up Kiwi homes
3+ week, 2+ day ago (1047+ words) - Foreign buyers are purchasing high-end homes under the new "golden visa" rules. - Four purchases have been approved since March 6, including for two properties in Auckland. - Agents report increased interest from US, European and Chinese buyers seeking safe and stable investments....
Why the housing market is the least of the Reserve Bank's worries
3+ week, 2+ day 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…...
Cheap reno cash: NZ's biggest bank offers 2. 5% rate to homeowners
4+ week, 2+ day ago (621+ words) - ANZ is offering a low-interest Reno Loan for homeowners to borrow up to $50, 000 at 2. 5%. - The loan targets customers with at least 20% equity, aiming to kick-start renovation projects. - ANZ's Emily Mendes Ribeiro said accessing finance for renovations was a major hurdle…...
Nasty" fuel shocks and deserted open homes: What escalating Iran war means for NZ house prices
4+ week, 2+ day ago (1865+ words) - The war in Iran has caused oil prices to spike, leading to panic buying of petrol. - Real estate agents are prepared for potential fuel shortages, using technology to manage contracts remotely. - Experts say the situation may impact buyer behaviour, with…...
Kiwi buyers in NZ's wealthiest town now facing competition from Aussie plumbers
2+ mon, 3+ week ago (1122+ words) - Queenstown-Lakes is attracting Australians, including tradies, due to the strong Australian dollar. - The favourable exchange rate makes it easier for Australians to buy property and get mortgages. - Australian interest is high in Queenstown, driven by its amenities and lack of…...
You should all move down here: What you can get for $739 K in NZs cheapest city
3+ mon, 4+ day ago (668+ words) - Tim Frampton highlights Invercargill's appeal to young and older buyers, emphasising affordable housing and lifestyle. - A four-bedroom home at 22 Fairview Avenue, Hawthorndale, is listed for $739, 000. - Invercargill offers high employment, great weather, and amenities like an indoor velodrome and stadium. They…...
Fastest rise in Kiwi mortgage debt since 2022 - jump to $389bn
3+ mon, 2+ week ago (236+ words) 1. Mortgage activity continues to rise First things first, happy New Year! For obvious reasons, the past couple of weeks have been light for data releases, so I thought I'd take this opportunity to dig a bit deeper into the Reserve…...