The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.
Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.
Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
Investors are coming back into the property market at a rapid clip.
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Auckland-based entrepreneur Derek Handley has set up a privately funded financial services group offering an alternative first home loan scheme.
The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.
Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.
Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
Investors are coming back into the property market at a rapid clip.
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Auckland-based entrepreneur Derek Handley has set up a privately funded financial services group offering an alternative first home loan scheme.
More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert.
For the first time in more than three years, more people are picking interest rates will fall, rather than rise, but they are unsure whether it is a good time to buy a house.
A privately funded financial services company has picked up the slack left after the government scrapped the first home loan grant and set up an alternative scheme.
A lift in interest amongst first home buyers (FHB) remains a feature of housing activity.
Large numbers of property investors have not come back into the market despite the reintroduction of 80% interest deductibility for landlords and the lowering in July of the Brightline test from 10 years to two years, QV says in its latest update.
The increasing number of low deposit mortgages being lent to first home buyers has been borne out by the latest CoreLogic research.
The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.
