On the back of strong population growth and only modest increases in its dwelling stock, average property values in Dunedin continue to grow by 15% or more annually.
Recent momentum in the NZ housing market continues in November – fresh upswing now clearly underway.
Financial institutions are consistently trying to win new share. There is a struggle to differentiate, when the key lever is always price.
As was the case with the official cash rate two weeks ago, the Reserve Bank (RBNZ) has decided to hold steady with the loan to value ratio (LVR) speed limits as they are.
Well we’re almost at the end of another busy and fascinating year for NZ’s property market, one that’s involved plenty of legislative changes (and some high-profile about-faces, e.g. the scrapping of capital gains tax proposals) and different market movements around the country (gently falling Auckland...
The latest CoreLogic NZ Pain & Gain report released today confirmed that over 95% of property resales in the three months to September made a gross profit (sale price higher than original purchase price), a stable result from the previous three months.
After the strength of first home buyers in 2017-18, the main story in the CoreLogic Buyer Classification data in the past few months has been the comeback by mortgaged investors. Due to factors such as low returns on other assets (e.g. term deposits) and eased serviceability testing by the banks, investors...
In the end the Reserve Bank (RBNZ) took the cautious path and held the official cash rate (OCR) at 1%, at least for now (a cut could still come through in the New Year). Meanwhile, other figures that they released an hour after the OCR decision may also give the RBNZ reasons to be cautious. In particular, the...
The NZ housing market showed further signs of strengthening across the board in October with all main urban areas experiencing a lift in property values.
The New Zealand financial landscape is changing. The concentration on compliance and responsible lending is pivoting institutions away from simply fighting for home loans to increase market share and profitability.
The latest research from Auckland Cityscope shows that property sales value have increased over the past three months.
Generally speaking, the parts of the country that have had a strong flow of listings over the past year have had muted value growth, including Te Kauwhata and Pokeno, both in the Waikato District.