Most commentators are picking it'll be late 2024 (or worse, 2025) before interest rates start falling again — but the Chief, David Cunningham, reckons there's a strong case for the RBNZ to begin dropping rates much sooner.
It's tough going out there at the moment, and we're all feeling it in one way or another. The housing market is subdued, and NZ economic data is painting a pretty bleak picture. So the question on everyone's minds is: when will interest rates start to fall again?
Despite hopes of interest rate declines, booming population growth, and changes in tax rules, fewer investors are looking to make another property purchase. So why is this the case?
According to bank economists, NZ’s latest inflation stats make it clear it’s far too soon think about dropping interest rates. But the Chief, David Cunningham, reckons the official numbers don’t paint an accurate picture of the situation.
New research from the RBNZ highlights the four key indicators that (it believes) give us the best idea of where inflation is at, and where it's headed. But Squirrel guest blogger, Rodney Dickens, reckons it's the RBNZ's judgement that needs work more than anything.
The economy is officially back in recession, and the prospects for a weaker labour market are scaring people. So, is everything bad and should we all go to Australia?
Building costs have shot up by a whopping 40% over the last 3-4 years, and when you throw in sky-high interest rates and hurdles from the Resource Management Act, developers and home buyers alike are dealing with a real headache.
New Zealand economic data has painted a pretty sorry picture in recent months. But bad news for the economy will eventually be good news for Kiwi mortgage borrowers when it comes to the future of interest rates.
Later this year, a new set of lending restrictions - DTIs - will come into effect in New Zealand, setting rules for how much people can borrow to buy a home based on a multiple of their income. Here's what you need to know.
The Reserve Bank recently asked for feedback on a new set of lending restrictions - DTIs - it's looking to introduce later this year. Here's what the team at Squirrel had to say as part of our submission.
Many Kiwi who had been holding off selling their properties are now putting them up for sale. But with plenty of existing properties entering the market, the outlook has just darkened further for developers of multi-unit complexes.
Over the life of your mortgage, you'll fork out at tens - probably hundreds - of thousands in interest payments. But there are tricks to help you get your home loan paid off faster, and save a packet.