This article is a cautionary tale for anyone feeling tempted by the recent fall in long-term mortgage rates: fixing long-term can come with some wicked hidden costs.
We all underestimated the extent to which prices would rise when the pandemic struck in early-2020. Now, almost everyone has underestimated the extent to which prices, and sales, are heading down now that the pandemic is over and the inflation resulting from excess stimulus needs to be brought under control.
Cashflow is king. It's one of those old sayings that just always holds true - and it's one that property investors should be keeping top of mind heading into 2023.
With most of New Zealand holding its breath as we wait to see what interest rates are going to do next year, here are the Reserve Bank announcement dates you need in your diary.
Stories of builder collapses alongside high financing costs have made people step back from signing up for a new property. Presales for developers have shrunk and many projects are now being put on hold.
With the Reserve Bank's predictions of a recession, an unemployment rate of 5.7% and high inflation, businesses and consumers alike have had to sharply rein in their spending plans on everything but groceries, including housing. But will the fear pass with time, or simply worsen?
This one's going to hit homeowners hard. Here's what to expect from mortgage rates, and what to do if your mortgage is coming up for renewal.
Do we have any evidence in hand of the impact on the residential real estate market yet of the recent round of fixed mortgage rate increases undertaken by banks? Yes, we do.
We're fast headed towards the last OCR announcement of the year, and it's going to be a big one. In his latest market update, JB shares his expectations on where interest rates could get to, and a bit of an update on the housing market more broadly.
My monthly survey has shown a decrease in the net proportion of these investors thinking about buying another property from 10% down to only 2%.
The Reserve Bank met expectations this week with another 0.5% increase in the official cash rate so it now sits at 3.5% compared with the record low just over a year ago of 0.25%.
It is somewhat ironic that at the same time as we are seeing first home buyers return to the market and investors pricking up their ears, prospects for interest rates have worsened.