Auckland house prices hit all-time high
Auckland house prices hit an all-time high, Barfoot & Thompson data just out showed, despite Reserve Bank lending restrictions.
Auckland house prices hit an all-time high, Barfoot & Thompson data just out showed, despite Reserve Bank lending restrictions.
The Reserve Bank's restrictions on low-deposit mortgage lending have yet to dent expectations that house prices will rise.
One of NZ's largest home builders says new loan restrictions have cost it 24 new-home builds in the first month alone - and it expects more as the policy bites.
Home-loan risk can be spread by keeping some floating and the rest fixed over both shorter and longer terms.
National property prices rose by $10,000 in September, taking the median house price back to a record high reached earlier this year.
Westpac has dropped its two-year fixed rate home loan but at the same time hiked its one-year rate.
Low-deposit mortgages will not only be harder to get from the end of this month, but they will be a lot more expensive.
Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city's biggest realtor.
The beginning of the end may have begun for record-low mortgage rates in New Zealand.
Lenders are offering home-owners the lowest short-term bank mortgage rates in New Zealand history as they compete to lure customers before an expected rise next year.
The number of New Zealand house sales slipped from a six-year high last month, but the national market is still being driven by Auckland and Christchurch.
Bill English says the Government is "considering formalising" proposals to restrict bank lending and other "tools" to control credit growth.
My adult daughter - my only child - has been living with her partner for nearly four years in a relationship that may or may not last - it seems to be up and down.
Banks are slashing their long-term mortgage rates, with customers tied up for longer periods likely to save thousands.
Mortgage approvals reached their highest levels in almost four years last month, as people rushed to make the most of low interest rates.
Self-described business coach Shane Wenzel has been sent to jail for three years for mortgage fraud.
ANZ Bank sees no rush of customers to rivals with death of National brand.
Banks are dropping mortgage rates and offering cash sweeteners, loaded credit cards, payment of legal fees and tablet computers as they go to war for customers.
Govt has foiled an alleged BNZ KiwiSaver scheme which would have offered reduced scheme returns in exchange for mortgage benefits.