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‘No end in sight' to rent rises, tenant bidding warsMore property investors are set to return to Auckland and will eventually branch out to other centres, according to BNZ economist Tony Alexander.Fri, 03 Feb 2012 15:13:00 GMT
More property investors are set to return to Auckland and will eventually branch out to other centres, according to BNZ economist Tony Alexander. ...MORE»
Housing consent numbers hit record lowTue, 31 Jan 2012 00:00:00 GMT
The year to December 2011 saw the lowest number of new housing approvals since records began 47 years ago Forster questions role of lawyers in finders' tussleFri, 27 Jan 2012 00:00:00 GMT
Property finder Dorien Forster has broken her silence over her court battle with the Real Estate Agents Authority (REAA), questioning the role of lawyers in the transaction that led her to the High Court. Real estate chiefs slam affordability claimsFri, 27 Jan 2012 00:00:00 GMT
Claims New Zealand has no affordable housing have been dismissed by real estate chiefs. REAA promises more legal action, agents in gun tooWed, 25 Jan 2012 00:00:00 GMT
Property finders - and the real estate agents that work with them - are to be targeted over the coming year for legal action by the Real Estate Agents Authority (REAA). Blue Chip directors, auditors hit with $40m claimTue, 24 Jan 2012 00:00:00 GMT
Blue Chip liquidators have gone to court claiming more than $40 million from former directors and auditors of the failed property investment scheme. No affordable housing in NZ: SurveyMon, 23 Jan 2012 00:00:00 GMT
All major housing markets in New Zealand are “severely unaffordable” with Auckland leading the way as the country’s least affordable location to buy a house. Bollard likely to keep interest rates steadyMon, 23 Jan 2012 00:00:00 GMT
Continuing uncertainty about how Europe's debt crisis will be resolved combined with benign inflation locally means Reserve Bank governor Alan Bollard is likely to hold interest rates steady this week. |
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Future interest rate hikes softened
The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year. For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%. MORE » |
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