Wednesday, February 28th 2024

BREAKING: OCR 5.50% - Monetary Policy remains restrictive

The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.

Sales dive to new depths – lending at low DTIs

Wednesday, February 21st 2024

Sales dive to new depths – lending at low DTIs

House sales have plunged to their second lowest level in about 40 years, only 2% up on January’s sales last year, which were the lowest since 1983.

DTIs will have no significant impact on house prices immediately

Tuesday, January 23rd 2024

DTIs will have no significant impact on house prices immediately

The Reserve Bank doesn't expect its proposed DTI restrictions to have a significant impact on house prices in the short-term.

RBNZ gives details of new lending rules

Tuesday, January 23rd 2024

RBNZ gives details of new lending rules

The Reserve Bank has reveled its proposed debt-to-income (DTI) restrictions alongside plans to loosen loan to value ratios (LVR) for residential lending.

Property
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Private landlords should be included in bill – Property Brokers

Monday, December 04th 2023

Private landlords should be included in bill – Property Brokers

A big year is ahead for the property management industry.

New Government – new property rules

Tuesday, November 28th 2023

New Government – new property rules

The newly formed Coalition Government is getting right down to work and it means quite a bit for the property sector.

Solving the rental shortage – new legislation and a change of attitude

Tuesday, November 21st 2023

Solving the rental shortage – new legislation and a change of attitude

Every MP in the new National-led Government will be sent a letter by the New Zealand Property Investors Federation (NZPIF) outlining how the shortage of rental housing can be alleviated.

House Prices
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Sales dive to new depths – lending at low DTIs

Wednesday, February 21st 2024

Sales dive to new depths – lending at low DTIs

House sales have plunged to their second lowest level in about 40 years, only 2% up on January’s sales last year, which were the lowest since 1983.

Listings surge and prices up

Monday, December 18th 2023

Listings surge and prices up

Property prices have edged up slightly heading into the summer break.

Housing market still at a low ebb despite lift in sales

Wednesday, December 13th 2023

Housing market still at a low ebb despite lift in sales

While the Real Estate Institute of New Zealand’s (REINZ) November data show a solid increase in sales, up by 15.7%, from 5,550 to 6,422, month-on-month, and up by 12.2%, from 5,724 to 6,422, compared to November last year, the number was the lowest for a November month since 2011.  Apart from November last year, last month’s sales were below 7,000 for a November month since 2013.

Commercial
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Raid on commercial investors depreciation of assets detrimental

Friday, September 08th 2023

Raid on commercial investors depreciation of assets detrimental

The commercial property sector is deeply concerned about Labour and National policies to remove depreciation for commercial and industrial buildings.

Rents lift for suburban retail property

Tuesday, June 27th 2023

Rents lift for suburban retail property

Retail business strategies are continuing to evolve in the post-pandemic operating environment, says JLL in its latest market snapshot.

Retail on the tipping point

Wednesday, May 24th 2023

Retail on the tipping point

Buoyed by an almost 50% increase on early last year’s consumer spending, retail operators are now having to compete to secure prime locations in Auckland’s CBD.

Mortgages
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First home buyers’ mortgage market share hits a record

Friday, July 28th 2023

First home buyers’ mortgage market share hits a record

The share of new mortgages to first home buyers rose for the third consecutive month to 24.4% last month, up slightly from 24.3% in May, the latest Reserve Bank figures show.

New mortgage lending rises after plunge

Monday, July 11th 2022

New mortgage lending rises after plunge

After plunging in April, new mortgage lending rose 20.4%, up $1.2 billion to $6.8b in May.

Guilty plea in mortgage fraud case

Monday, July 11th 2022

Guilty plea in mortgage fraud case

One of four property investors accused of deceiving banks and fraudulently obtaining millions of dollars in home loans has pleaded guilty.

Property Management
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Emotional harm award to tenant after power and water cut off

Monday, December 11th 2023

Emotional harm award to tenant after power and water cut off

A North Shore landlord has to pay a tenant $4,000 for emotional harm, despite claiming the Tenancy Tribunal did not have jurisdiction to hear any claims because the tenant was a boarder.

Tenant left with damages bill despite not being responsible

Tuesday, December 05th 2023

Tenant left with damages bill despite not being responsible

A woman who left a rented Manurewa, Auckland property she shared with her partner after discovering he was using methamphetamine is still liable for a half share of Tenancy Tribunal awarded exemplary damages and other debts owed to the landlord.

Too expensive and wrong – new property manager regulations needed

Thursday, November 30th 2023

Too expensive and wrong – new property manager regulations needed

The Residential Property Managers Association (RPMA) wants a completely new property managers bill and is hoping to meet with Housing Minister Chris Bishop shortly to get work underway.

[OPINION] How to make 20% from commercial property

Wednesday, November 01st 2023

[OPINION] How to make 20% from commercial property

The great thing about commercial property is that there are a lot of ways to actively increase value.

[OPINION] How the next Government can help tenants

Tuesday, September 19th 2023

[OPINION] How the next Government can help tenants

We hear many ways each political party talks about the housing crisis, and their solutions to fix this. Adding a new tax and tougher RTA rules to rental property providers is obviously not the answer.

[OPINION] New Zealand’s broken property market

Friday, September 08th 2023

[OPINION] New Zealand’s broken property market

I have a deep annoyance with broken systems. Especially when, with the right settings, they could be fixed.

Heartland Bank - Online 6.69
Unity 6.99
SBS FirstHome Combo 7.05
ICBC 7.05
China Construction Bank 7.09
Co-operative Bank - First Home Special 7.09
Wairarapa Building Society 7.15
ANZ Special 7.24
Westpac Special 7.29
ASB Bank 7.29
BNZ - Classic 7.29
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
China Construction Bank 6.75
ANZ Special 6.79
Unity 6.85
BNZ - Classic 6.85
ICBC 6.85
ASB Bank 6.85
Wairarapa Building Society 6.85
Westpac Special 6.89
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
BNZ - Classic 6.55
ASB Bank 6.55
SBS Bank Special 6.59
Kiwibank Special 6.59
AIA - Go Home Loans 6.69
Co-operative Bank - Owner Occ 6.75
TSB Special 6.79
Westpac 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50