Every now and then it is a good idea to sit back and remind ourselves of the big picture and how we got to where we are at the moment. For the NZ housing market, the story is this.
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.
Our unemployment rate tells us a lot about how the Reserve Bank is doing on its mission to keep inflation under control - and looking back at the numbers, it's not exactly a glowing picture.
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.
Over the past year or so we have seen a decline in the number of properties sold from 100,000 down to about 68,000. The OCR has just jumped up, and things are about to get worse.
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%.
There's not much cause for optimism out there among global economy headlines at the moment - but the outlook for New Zealand isn't all bad.
With sentiment across New Zealand's residential building sector at a new low right now, what are the implications for our construction sector, and the wider economy?
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.
While there may be a shift underway in the minds of first home buyers, will the turning of the cycle be as swift going back as it was going back down?
While housing markets move in cycles, there is something very different about this downward leg of the housing cycle. But with the endgame upon us, will house prices stop falling?
Changes made to the official cash rate strongly affect floating mortgage rates, but when it comes to fixed rates it is expectations for what will happen with monetary policy that truly matter.