House values climb but many vendors choose to stay put
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.
AdvertisementAdvertise with NZME.
Latest fromMortgages
Hammering home your offer
House hunters are now competing in a shallow listings pool, forcing more of them to attend auctions.
Banking watchdog fields twice as many complaints
The office of the banking Ombudsman received twice the number of formal complaints in 2008/9 than it did a year ago.
Confidence in housing stays high, says ASB survey
New Zealanders are still optimistic about the state of the housing market, according to an ASB survey.
Property prices reach all-time high
House prices continued their upward momentum last month.
Bollard slams banks for 'risky mortgage practices'
Reserve Bank Governor Alan Bollard has issued a warning to banks about the perils of approving high-risk mortgages.
Auckland house prices up 6pc, sales keep climbing
Auckland property prices surged nearly 6 per cent in October, says real estate company Barfoot & Thompson.
Lukewarm response to home loan top-ups
Only a small portion of the Government's allocated $18.4 million to help modest income-earners buy houses has been taken up.
OCR steady, early hike ruled out
The Reserve Bank has left official interest rates unchanged at 2.5 per cent this morning, while confirming they are not likely to rise till the second half of next year.
OCR stays steady, no change till late 2010
Interest rates have been left on hold by the Reserve Bank this morning, with governor Alan Bollard confirming again that he intends to keep them low till "the latter part of 2010".
Home loan affordability worst in nearly a year
Rising house prices and interest rates have combined to weaken home loan affordability to its worst level since December 2008.
Kiwibank raises fixed mortgage rates again
Kiwibank is increasing its fixed mortgage rates for the second time this month.
Property sales jump 10pc in September
The number of houses sold in September rose 10 per cent, while prices increased 0.9 per cent.
ANZ National lifts mortgage rates
A raft of mortgage rate changes have been announced, affecting both the ANZ and National banks.