What did yesterday's Official Cash Rate announcement really mean? NZ Mortgage Mag publisher Philip Macalister looks at what's been said and suggests borrowers need to be wary of focussing too much on the OCR and shorter term rates. Read his analysis here

On the rates front we have seen more and more increases in longer term fixed home loan rates. This page has all the increases from the past week marked in red.

The other really notable event last week is the Prime Minister John Key seemed to back off on his demands that first home buyers be exempted from any LVR lending restrictions.

All New APARTMENTS Magazine - now available

Want to know how to get hold of a positive cash flow investment that can put thousands in your pocket each year?

Find out how investors are getting excellent returns investing in high density living and why Apartments are an exciting, new and profitable part of the housing market in New Zealand. 

Whether you’re a first-time buyer or an experienced investor who is looking for new opportunities within the property market, Apartments magazine has everything you’ll need to know to decide if buying an apartment is the best move for you.

Only $12.50, order yours online now by going to www.propertyinvestor.co.nz/apartments
 

PS: you can get a magazine posted out or download a digital edition