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New numbers on real estate activity

Wednesday, September 28th, 10:05AM  Add your comment

A report out this morning says that nearly half a million New Zealanders (484,000) are planning to purchase, sell the property they live in, or sell another property (e.g. investment/holiday home) within the next 12 months.

Almost all the people are buyers (95%), with a high proportion of this group (38%) being first time home buyers (up from 34% in 2015). Over three quarters of market buyers are looking to purchase their primary residence (77%). Seventeen percent are buying for investment purposes –down from 19% in 2015. 

Buyers expect to pay an average of $524,671 for a property; the expected price has increased by 3% compared to last year.

Carr steps down as RBNZ chair

Tuesday, September 27th, 12:57PM

Former acting governor Rod Carr has stepped down as chair of the Reserve Bank board of directors.

Steep decline in investor lending

Monday, September 26th, 4:17PM

New Reserve Bank mortgage lending data leaves little doubt that the new investor-targeted LVRs have had a significant impact on bank lending to investors - lending to Auckland landlords dropped by almost 20%.

Changes from last:

Lender type:

Term:

Property value:

Loan amount:

   Reset

Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
ANZ 5.59 4.99 4.75 4.89 4.79 4.99 5.20 5.30 5.70
ANZ Special - - 4.25 - 4.29 - - - -
ASB Bank 5.55 5.09 4.69 4.79 4.75 4.89 5.09 5.29 5.55
ASB Bank Special - 4.75 4.25 4.25 4.29 4.34 4.59 4.79 -
BankDirect 5.55 5.09 4.69 4.79 4.75 4.89 - 5.29 5.55
BankDirect Special - 4.75 4.25 4.25 4.29 4.34 - 4.79 -
BNZ - Mortgage One 6.25 - - - - - - - 7.15
BNZ - Rapid Repay 5.70 - - - - - - - 6.74
BNZ - Special - - 4.29 - 4.29 4.49 - - -
BNZ - Std, FlyBuys 5.64 4.99 4.85 4.99 4.89 4.99 4.99 5.15 -
BNZ - TotalMoney 5.64 - - - - - - - -
Credit Union Auckland 6.70 - - - - - - - -
Credit Union Baywide 5.95 5.55 4.99 4.99 4.99 - - - -
Credit Union North 6.45 - - - - - - - -
Credit Union South 6.45 - - - - - - - -
Finance Direct 6.10 6.25 6.45 6.60 6.69 7.10 7.45 7.70 -
First Credit Union 5.85 - - - - - - - -
Heartland 6.70 6.90 7.00 - 7.25 7.85 - 8.55 6.70
Heretaunga Building Society 5.60 - 4.85 - 4.90 - - - -
Housing NZ Corp 5.55 - 4.69 - 4.75 4.89 - 5.15 -
HSBC Premier 5.75 4.85 4.19 4.19 4.19 4.49 4.79 4.99 5.89
HSBC Premier LVR > 80% - - - - - - - - -
HSBC Special - - - - 3.79 - - - -
ICBC 5.60 4.39 4.39 4.69 4.69 4.99 5.35 5.45 -
5.25 4.75 4.70 - 4.75 4.29 4.90 4.99 5.50
Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
Kiwibank - Capped - - - - - - - - -
Kiwibank - Offset 5.25 - - - - - - - -
Kiwibank Special - - 4.19 - 4.19 - - 5.35 -
Liberty 5.69 - - - - - - - -
Napier Building Society 6.50 - 5.80 - 6.70 - - - 5.85
Nelson Building Society 6.10 - 4.85 - 4.99 - - - -
NZ Home Loans 5.45 4.75 4.69 - 4.75 4.75 5.25 5.35 -
NZ Home Loans - Specials - - - - - - - - -
NZ Home Loans - Specials - - 4.19 - 4.19 4.29 4.59 4.79 -
Perpetual Trust 7.70 - - - - - - - 5.70
Resimac 5.19 - 4.94 - 4.90 4.91 5.03 5.03 -
SBS Bank 5.54 4.99 4.75 4.89 4.89 4.99 5.10 5.19 5.59
SBS Bank Special - 4.50 4.25 4.15 4.15 4.55 4.90 4.99 -
5.65 5.09 4.69 4.79 4.75 4.89 5.09 5.29 6.35
Sovereign Special - 4.75 4.25 4.25 4.29 4.34 4.59 4.79 -
The Co-operative Bank 5.45 4.50 4.25 4.29 4.35 4.49 4.89 4.99 5.45
TSB Bank 5.54 4.99 4.75 4.75 4.75 4.99 5.19 5.19 5.54
TSB Special - 4.75 4.25 4.35 4.19 4.59 4.89 4.99 -
Wairarapa Building Society 6.20 - 5.75 - 5.95 - - - -
Westpac 5.65 5.15 4.79 4.95 4.85 4.99 5.09 5.19 5.65
Westpac - Capped rates - - 5.15 - 5.25 - - - -
Westpac - Offset 5.65 - - - - - - - -
Westpac Special - - 4.25 - 4.29 4.49 - 4.89 -
Median 5.65 4.99 4.69 4.77 4.75 4.89 5.03 5.15 5.70

Last updated: 26 September 2016 9:58am

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