House prices ‘will rise' says BNZ
(06 May 2011)
The lack of new houses being built and construction industry capacity issues as the Christchurch rebuild begins will lead to an inevitable rise in house prices, according to BNZ economist Tony Alexander.
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Floating rates growing in popularity
(06 May 2011)
With the Reserve Bank keeping interest rates low more home buyers will move to floating rate mortgages, according to Westpac New Zealand chief executive George Frazis.
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Asking prices hit four-year high
(02 May 2011)
The property market is beginning to show signs of renewed activity with the average asking price for a home at its highest level in four years, according to the Realestate.co.nz NZ Property Report.
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Auckland leads the rent charge
(02 May 2011)
Rents for two and three-bedroom properties in Auckland have seen sharp rises over March, and in one area the average four-bedroom rent rose 50%, according to Crockers Market Research.
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Switch decision could put floaters in a fix
(29 Apr 2011)
Floating rate borrowers are enjoying the lowest average rates since July 1965, but those waiting for signs fixed rates will rise before switching may be taking a risk, according to BNZ.
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New Unit Title Act guidelines
(20 Apr 2011)
Guidelines around new laws governing the buying and selling of unit title developments have been issued by the Department of Building and Housing (DBH).
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The REINZ reaction
(13 Apr 2011)
The REINZ report signalled that house values picked up in March, but according to JPMorgan's Helen Kevans, "we suspect there is limited upside to house prices in the very near term."
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Fix mortgage rates now - Tower
(11 Apr 2011)
Inflation is the "Gorilla in the room" increasingly making its presence felt, and as interest rates rise, now is the time to fix your mortgage rate, according to Tower Investments CEO Sam Stubbs.
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$200,000 fine for ‘Why rent' promoter
(07 Apr 2011)
The man behind a property scheme that promised home ownership to vulnerable Kiwi's has been sentenced at the Auckland District Court of breaching the Fair Trading Act, fined $237,048 plus $42,764 in repatriation.
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