Personal savings present savvy loan option
Before you start house-hunting, you need to figure out how much you can afford to borrow.
Before you start house-hunting, you need to figure out how much you can afford to borrow.
New Zealand home affordability improved slightly in January after a fall in median house prices more than offset a small increase in fixed mortgage rates.
John Dorbu writes on capital gains tax and selling investment properties on the cheap.
State-owned Kiwibank has cut its variable mortgage rate to 5.65 per cent.
ANZ National Bank has slashed its variable home mortgage rates - putting pressure on other banks to follow suit.
Auckland is fast catching Queenstown again as the least affordable region in New Zealand.
More affordable homes are driving enthusiasm in property sales, but experts warn the relatively cheaper housing may not last.
Home loan affordability worsened in Auckland and Northland for first home buyers last month.
Some of the tax changes under consideration would reduce house prices and raise rents, says Westpac.
House prices stayed static in the last two months and fears of more expensive mortgage money could be to blame.
Figures released today show nationwide values are up 4.1 per cent from April but still 5.9 per cent below the market peak of late 2007.