Analysis of New Zealand’s housing stock by OneRoof and its data partner Valocity has identified the regions and suburbs with the biggest share of homes built since 2010. House buyers looking to snap up a new-build townhouse or apartment in New Zealand are likely to have better success on the fringes of Christchurch and Auckland…
It is clear from reading overseas news that NZ is doing far better than most countries in the world still struggling with the Covid-19 virus. Our country, being an island surrounded by sea has acted as a moat for us and as we are able to control our borders, unlike many other countries in the…
The property market appears to be performing better than expected with “doom and gloom” merchants vocal during Covid Lockdown becoming very quiet lately. However, it is very early days since Level 1 commenced and certainly lots of Covid volatility overseas shows the first battle may be won here in NZ but the war still rages.…
“Act now to avoid Covid wealth gap” was the headline that grabbed my attention this week. The following article Janine Starks, a financial commentator is both intelligent and controversial but the truth rings out to me – many Kiwi investors are risk adverse to the point of being overly cautious but Karen clearly feels (and…
Time make it inevitable that in every profession, young men replace the old, new blood replace the aged, and fresh takes over the mature. On 10th June, Real Estate Authority (REA) welcomes a new Chief Executive. Belinda Moffat was appointed to be the permanent Chief Executive who replaced Kevin Lampen-Smith who left REA in May.…
Today I want to highlight Tony Alexander – Anyone else enjoy the breath of fresh air Tony Alexander has been offering when he shares his economic predictions for NZ? (Tony Alexander) Tony is a well-respected NZ economist and, if you haven’t already, I recommend checking out his latest economic update. Tony’s view is there is…
Action! Like in the movies, there is plenty of action in the NZ property market! Firstly in mortgage interest rates – ANZ has dropped its one-year fixed home loan rate to 2.79 per cent. It follows other major banks dropping below 3 per cent for the first time as the mortgage competition continues to bring…
Change is a word many people inwardly shudder a bit with as most of us are hardwired to be a little resistant to change. Humans generally like consistency and predictability, not big surprises! But the world and life in general, seems to be changing more and more nowadays, and technology and the CV-19 Virus have created…
In a week, the news for borrowers has got a whole lot better with falling mortgage interest rates coming in from every quarter! Over the course of the past week, ANZ has offered a one-year fixed-term rate of 2.79 per cent and Westpac and TSB announced on Thursday that they would match it. Westpac offered…
Technology adoption and usage has had a massive increase in the CV19 lockdown and is likely to be continued and become more common in usage – why drive through rush hour traffic when you can Zoom or WeChat video to meet online? LVR Rules being abolished is another HUGE change as this removes the Reserve…