Current NZ Mortgage Rates
Date Published: 12 December 2024
Click here to find the latest NZ Interest Rates for major banks. Info for current home owners and new buyers.
NZ Property Market Sees Modest Sales Growth Amidst High Listings and Flattening Prices
Date Published: 20 June 2024
Key Facts Sales activity increased by 9.2% annually in May, with 6,789 transactions. Overall sales volumes are below the normal annual level, with 73,181 deals in the past 12 months.…
Eased Granny Flat Regulations Applauded for Boosting Affordable Housing Supply
Date Published: 20 June 2024
Key Facts New law changes aim to simplify the process for building granny flats under 60 square metres. The policy eliminates the need for building consents in certain areas. Opposition…
Minister for Housing Advocates for Lower House Prices Despite Potential Homeowner Concerns
Date Published: 20 June 2024
Key Facts Housing Minister Chris Bishop advocates for a reduction in average house prices, which he regards as too high. Bishop’s stance is unusual among New Zealand politicians, who have…
NZ House Prices Drop for Second Consecutive Month as Sellers Adjust Expectations
Date Published: 20 June 2024
Key Facts House prices declined for the second consecutive month in May. National median house price dropped to $770,000 in May. House prices fell by 2.9% nationally over the last…
NZ Housing Market Struggles: Falling Prices and High Interest Rates Pressure Homeowners
Date Published: 20 June 2024
Key Facts Households with mortgages should not expect interest rate cuts for at least six more months. Kiwibank survey: nearly one in three respondents cannot cover a $500 unexpected bill…
Potential Loss for Auckland Homeowners as One in Eight Properties Sold During Boom May Now Trade for Less
Date Published: 13 May 2024
Key Facts The government continues to express concerns about the high housing prices in New Zealand. Financial measures are being formulated by the government to cool down the property market.…
When to Get Your Business Accounts Done
Date Published: 8 May 2024
If you happen to be a salary earner, proving your income is relatively easy. As long as your employer issues decent quality payslips, you can provide the 3 most recent slips…
Decline in Housing Market Participation by Migrants with Residence Visas Noted in Q1 2024
Date Published: 1 May 2024
Key Facts Migrants’ share of the New Zealand housing market decreased slightly in Q1 2024, accounting for 13.1% of total dwelling purchases. This number represents a fall from the 14.0%…
Auckland Housing Market Likely to Remain Soft Despite Surge in Migration, Predicts ANZ Report
Date Published: 30 April 2024
Key Facts ANZ Property Focus report suggests that the Auckland housing market may remain weak over winter. Auction clearance rates and sales-to-listings ratios suggest that Auckland house prices may soften…
Christchurch Homeowners Hesitate to Upgrade Due to Rising Interest Rates and Living Costs
Date Published: 30 April 2024
Key Facts Increased interest rates and living costs are causing Christchurch homeowners to hesitate on climbing the property ladder. Property listings in Christchurch have increased by 20%, but buyer numbers…
NZ Government Announces Financial Services Reform to Improve Home Loan Access and Strengthen Customer Protections
Date Published: 22 April 2024
Key Facts The New Zealand government announced reforms to simplify lending and strengthen customer protections. The changes are part of the National-ACT Coalition agreement to update the Credit Contracts and…
New Zealand Housing Market Experiences Soft Start in the First Quarter of 2024
Date Published: 5 April 2024
Key Facts The New Zealand housing market saw a soft start in the March quarter, with CoreLogic’s House Price Index rising by 0.5% in March. The average property value across…
The Official Cash Rate (OCR) Explained
Date Published: 2 April 2024
As of 2nd April 2024, the Official Cash Rate (OCR) for New Zealand is set at 5.5%. What is the Official Cash Rate? The Official Cash Rate (OCR) is an…
Pay Down Your Mortgage Or Save Into Your KiwiSaver?
Date Published: 27 March 2024
It’s a question we get asked a lot. If we have an extra amount of money in our salary, should we use the money to pay down our mortgage or…
Rampant Rental Rise Continues for Seventh Consecutive Month Amidst High Net Migration and Limited Supply
Date Published: 19 March 2024
Key Facts Rent prices continue to increase rapidly, with a 6% rise in the year to February. This trend of rising rent has been consistent for seven straight months, due…
Rising Mortgage Rates Pressure New Zealand Homeowners as Residential Listings Surge
Date Published: 4 March 2024
Key Facts The cost of living crisis is causing discomfort among Kiwis with mortgages due to current rate levels. Realestate.co.nz reported that there were 11,788 new residential listings in February,…
Non-Performing Housing Loans in NZ Reach a 10-Year High Amid Rising Mortgage Stress
Date Published: 1 March 2024
Key Facts Non-performing housing loans in New Zealand increased more than 10% in the past month and has now reached a 10-year high. Reserve Bank (RBNZ) reports shows that non-performing…