Price changes have now entered the upward leg of the house price cycle, and the demand coming from first home buyers which has created this situation is now being boosted by investors returning to the market. But will the end of the upcoming election bring huge changes to the housing market?
New Zealand has narrowly escaped the technical recession that was called a few months back — but Kiwi households are still feeling the pressure from high interest rates. So with an Official Cash Rate (OCR) announcement on the cards for 4th October, what’s likely to happen with mortgage rates from here?
The results of ANZ's business confidence survey have been tracking upwards in recent months — but does that have more to do with what we're expecting from election day, than it does with the actual state of our economy? Rodney Dickens explains in his latest article.
Young buyers are back in the market after being encouraged by lower house prices, greater listings numbers, higher deposits after 2-3 years of holding back from buying, a view that interest rates have about peaked, and a strong labour market bringing rising wages and high job security. So have investors joined them, and is FOMO back?
The coming weakness in our economy would imply at a minimum no recovery in the housing market and maybe a continuation of the weakness since late-2021. But there are many other factors in play — so will the recently developed upward momentum continue into 2024?
As New Zealand holds its collective breath, waiting for interest rates to start falling again, here are the key OCR announcement dates you need in your diary for 2023 and 2024.
Fixed mortgage interest rates are unlikely to show any meaningful decline until very late in the year. Will that continue on through to 2024, or will it be a year of falling house prices, rental market pressure and higher selling prices?
The next little while is going to be tough going for a lot of Kiwi businesses, but goods manufacturers and raw materials suppliers are in for a particularly rough ride. Squirrel guest blogger, Rodney Dickens, explains how being hit by falling buyer demand on multiple fronts will mean a harsher recession for these businesses than most.
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?
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?
There’s a pretty unanimous sense across the financial markets right now that there's another Official Cash Rate (OCR) hike in store for us this week. Chief Squirrel, David Cunningham, says that's the last thing we need.