Mortgages

Division over OCR cut and problems with RBNZ

The NZ Institute of Economic Research (NZIER) shadow board is split over whether the Reserve Bank should drop the OCR tomorrow.

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The RBNZ pivot is here

As most of the country’s economic indicators fall, the BNZ and Kiwibank are calling for an immediate OCR cut.

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Massive liberalisation of planning rules to end housing woes

Housing minister Chris Bishop has revealed plans to “flood the market” with enough land to end the country’s housing crisis.

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Good and bad news for home owners from RBNZ

The Reserve Bank's latest monetary policy statement had good news and bad news for residential property owners.

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BREAKING: OCR 5.50% - Monetary Policy remains restrictive

The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.

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DTIs will have no significant impact on house prices immediately

The Reserve Bank doesn't expect its proposed DTI restrictions to have a significant impact on house prices in the short-term.

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RBNZ gives details of new lending rules

The Reserve Bank has reveled its proposed debt-to-income (DTI) restrictions alongside plans to loosen loan to value ratios (LVR) for residential lending.

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First home buyers’ mortgage market share hits a record

The share of new mortgages to first home buyers rose for the third consecutive month to 24.4% last month, up slightly from 24.3% in May, the latest Reserve Bank figures show.

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Potential home buyers urged to consult mortgage advisers

Tenants should be consulting mortgage advisers in an effort to buy a house as rents skyrocket, says Tim Kearins, Century 21 New Zealand owner.

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Tony Alexander predicts

Economist Tony Alexander says New Zealand is about to experience “a period of rapid house price growth.”

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House buyers slow on reading market changes

When the New Zealand housing market turns as it has in Australia, a lot of people won’t understand it, says economist Tony Alexander.

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Migrant tap back on

New Zealand appears to be flinging open the immigration doors again.

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BREAKING: RBNZ raises OCR by 50 bps

The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent.

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Home buyers still shying away from market

Mortgage lending is still in the doldrums with the $3.8 billion borrowed last month, the lowest since records began in 2013.

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Warning to Du Val over misleading investors

Property development company Du Val Capital Partners suspension of cash distributions to investors in the company’s mortgage fund has drawn a formal warning from the FMA for misleading conduct.

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