Word on the street is that house prices have finally hit "sustainable" levels, after 18 months of significant falls. But are they really "about right"? Chief Squirrel, David Cunningham, digs into the data to tell us whether house prices really are where they need to be.
And there it is, finally - after 12 back-to-back increases - the break in interest rate hikes we’d all been waiting for. The question now is, when will rates start to fall again?
With a falling number of listings, booming immigration and an end to rising mortgage interest rates, is FOMO starting to creep back into the New Zealand housing market?
First home buyers are returning to the market despite higher mortgage interest rates. Even so, there is still no sign of a lift in buying by investors. So will 2024 shape up to be a good year for buyers?
The Reserve Bank said it'd take get us here, and with the latest GDP figures released this week, New Zealand is officially in recession. In his latest market update, JB shares his thoughts on what's to come in the economy, and with interest rates and the wider housing market.
There is an increasing number of signs pointing to a turnaround in the housing market, and quite possibly even gains in house prices and sales. However, the question remains: What factors are driving this shift to happen sooner than anticipated?
The Reserve Bank have said that 5.50% is still as high as they think they will need to take the cash rate. So does that mean the housing market now suddenly picks up strongly straight away? Or will it sit flat for perhaps three years as a lot of people optimistically believe?
We’re stoked to have partnered with leading residential developer, Avant, and local iwi, Te Ākitai Waiohua, to offer eligible buyers a discounted two-year mortgage rate of 3.95%, when they buy a property at Wirihana.
Between a weakened construction sector, increasing migration and more businesses starting to retrench (both of which are helping to ease pressure in the job market), there are lots of signs out there to indicate that inflation’s coming under control. So, will there be another OCR increase?
Buyers have been waiting for two years now for prices to look more reasonable. With a record turnaround in net migration inflows to New Zealand, falling house prices, and high job security, is the market getting set for a better Spring?
The unemployment rate doesn’t just tell us where the economy’s at, or where inflation’s headed... it can actually also help to predict when house prices will take off again.
From June 1, the Reserve Bank will be easing up on lending rules. But will that, coupled with dropping house prices, be enough to turn buyers' fears of over-paying into a fear of missing out?