If you're going through a divorce, you probably have a whole lot of questions about navigating changes to your mortgage, and where to next. We’ve got you covered.
There are five strong forces acting to pull back the level of intensity of buyer demand for residential property at the moment. But just because the boom has ended does not mean a crash is on its way.
Sign JB's petition. The Government has made changes to responsible lending laws to protect vulnerable borrowers, but they have used a sledge hammer instead of a scalpel. This is an example of over reach, and will cause far greater harm to Kiwi homeowners and small businesses than it will protect vulnerable borrowers.
Let’s start with a question, should your bank have the right to judge the way you live? The Government has made law changes to protect vulnerable borrowers that come into effect on 2nd December, but that will have adverse consequences for homeowners and especially first homebuyers.
With investors backing off it is understandable that the pace of increase in house prices has slowed down. In the six months to September 2020, average house prices around New Zealand rose by just 4%, including a 3% fall over the April-May months.
In last year’s mortgage rate forecast, we predicted rates would drop below 2.00% and stay low, which they did for most of 2021. Our house price prediction wasn't so on the money, but that one comes down to a matter of timing. Here's our latest analysis.
On average, NZ house prices have risen by 35% since March 2020 when we went into the first nationwide lockdown. This week we're focusing on the growing list of reasons why the pace of house price inflation will slow quite sharply over 2022.
New Zealanders have over $320 billion of household debt, but what does that mean for house prices and for the wider economy?
I love property. Early last year I wrote that I thought we were going into the last great property boom based on ultra-low interest rates and the increasing importance of having a home in the post COVID world.
The government this week clarified details of its housing tax policy changes announced on March 23, and they were slightly less bad than expected.
Nationwide average house sale prices rose by 2% in August. This followed a 2.4% rise in July, 1% gain in June, 0.8% rise in May and just a 0.5% rise in April.
Now that we are experiencing lockdown again, can we expect the same things to happen in the residential real estate market and economy as last time? No. There are some key differences between this situation and that of March 2020.