Rental property is still New Zealanders’ top pick for investment returns, the latest ASB survey of investor confidence shows.
Mon, 20 May 2013 00:00:00 GMT
Rental property is still New Zealanders’ top pick for investment returns, the latest ASB survey of investor confidence shows....MORE»
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Thu, 16 May 2013 00:00:00 GMT
Warrants of fitness for rental properties will be trialled in New Zealand homes, the Government has announced. MORE»
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Wed, 15 May 2013 00:00:00 GMT
New Zealand houses are overvalued by as much as 25%, the International Monetary Fund has said in its annual economic assessment of the country. MORE»
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Mon, 13 May 2013 00:00:00 GMT
More houses were sold last month than in any April for six years, the Real Estate Institute says.
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Mon, 13 May 2013 00:00:00 GMT
Buyers are despairing of ever being able to find a property, according to the latest BNZ/REINZ survey of real estate agents.
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Fri, 10 May 2013 00:00:00 GMT
Developers will be able to push through subdivisions in less than a quarter of the time under a housing accord signed between the Housing Minister and Auckland’s mayor.
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Thu, 09 May 2013 00:00:00 GMT
New Zealand’s house price increases are now being driven by all the main centres, not just Auckland and Canterbury, QV says.
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Thu, 09 May 2013 00:00:00 GMT
QV’s latest data reveals some of the huge disparity in the property market in New Zealand at the moment.
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Wed, 08 May 2013 00:00:00 GMT
Almost two-thirds of people expect house prices to continue to rise over the next year, according to the latest ASB Housing Confidence Survey.
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Tue, 07 May 2013 00:00:00 GMT
Reserve Bank policies may have increased the gap between average rents and average house prices over recent years, an analyst says.
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The OCR ain't going anywhere
The new Reserve Bank governor, Graeme Wheeler, predicts that the official cash rate won't by going anywhere until 2014.
This is clear from the 90-day bank bill forecast graph in the December Monetary Policy Statement. It shows clearly how over the past year forecast increases kept getting pushed down each quarter.
A year ago the bank was predicting the 90-day bill rate would be up at 4.00% by March 2014. That forecast was wound back to 3.3% in March, 3.2% three months later and is now down at 2.8%.
The good news for borrowers is that, asssuming things pan out as forecast, then home loan rates aren't likely to be going up any time soon either.
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