Known as the city of 100 beaches, the <i&NZ Property Investor</i& check out whether opportunities for investors measure up to the golden sands, or whether wreckage of the recent storm is still lingering.
Tue, 09 Mar 2010 09:58:03 GMT
Known as the city of 100 beaches, the <i&NZ Property Investor</i& check out whether opportunities for investors measure up to the golden sands, or whether wreckage of the recent storm is still lingering....MORE»
Property values in February are above the same time last year, with the main urban areas performing well. To find out what's been happening in the six main areas throughout the country, click on the links in the story below.
Listings in Auckland reached an 11-month high in February and the average sales price reached a historical high for the month, according to Barfoot & Thompson.
After months of borrowing advice saying floating rates are the way to go, there has been a change of tune from BNZ economist Tony Alexander. He now says the time may have come to fix rates at one or two-years.
New Zealand home building consents fell for a second month in January, suggesting the nation's economic recovery is still fragile as property owners fret about tax changes and the potential for higher interest rates.
Housing and Fisheries Minister Phil Heatley has resigned his portfolios as a result of further discrepancies over his ministerial credit card spending.
The graph shows the significant movement in mortgage interest rates that has been experienced within past decade. Since 2000 the floating rate has peaked at 10.7% in mid 2008. The highest floating rates were 20.5% back in June 1987.
Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.