Tauranga Property Market Boosts National Average with 0.9% Increase in House Prices
Date Published: 19 February 2024
Key Facts According to data taken at the end of January, property values across New Zealand have risen by 0.9 per cent compared to three months ago. 90 per cent…
Unexpected Change in Market Predictions Indicates Interest Rates Hikes, Not Cuts, for NZ Homeowners
Date Published: 13 February 2024
Key Facts Economic data has caused markets to revise earlier expectations of a cash rate cut. ANZ predicts that the official cash rate will increase twice more this year, a…
Mortgage Figures Indicate Quietest Year in New Zealand Housing Market Since 2017
Date Published: 31 January 2024
Key Facts New Zealand saw a slowdown in its housing market in 2023, with only $62.116 billion worth of new mortgages being issued, according to Reserve Bank figures. The average…
Auckland’s Housing Market Experiences Significant Increase in December Sales Despite Gradual Price Rise
Date Published: 10 January 2024
Key Facts Barfoot & Thompson sold 830 houses in December, reflecting a 12.3% decrease from the previous month, but a remarkable 57.5% increase from December 2022. In Auckland, the median…
4 tips to making an offer by Tender
Date Published: 10 January 2024
Recently we looked at some tips for bidding at an auction. But what if the house you love is for sale by tender? Tenders are much less time-pressured than auctions…
Purchasing at Auction – A Step by Step Guide
Date Published: 9 January 2024
Buying at auction can be exciting but also intimidating. Much like your year 5 school production, knowing what to do and when to do it will help you feel more…
Parking Apps Offer Earning Potential for Kiwi Homeowners Renting their Driveways
Date Published: 7 January 2024
Key Facts Kiwi homeowners can earn extra income by renting out their driveways or parking spaces via parking app companies. Parkable’s CEO, Toby Littin, stated that most listed spaces are…
The worst financial decision you can make
Date Published: 7 January 2024
Saving is a long, slow process. That’s why so many of us are so bad at it. You could put $20 aside every week and after a year, you’ll have…
Tips to Reduce Mortgage Stress Amid Rising Interest Rates in New Zealand
Date Published: 4 January 2024
Key Facts Mortgage hikes have created financial struggle for many homeowners as 50% of all mortgage-holders have fixed rate periods expiring in 2024. There are numerous ways to ease the…
Pros and Cons of Auckland Residents Selling Homes to Shift to Cheaper Regions
Date Published: 2 January 2024
Key Facts Thousands of Aucklanders have moved to cheaper regions during the pandemic to release equity in their homes. Despite the cost benefit, factors like jobs, desired living location, support…
Wellington Housing Market Trends Hinge on Interest Rates and Public Service Cuts
Date Published: 2 January 2024
Key Facts Median house prices in the Wellington region fluctuated between $733,000 and $805,000 in 2021. The most and least expensive suburbs were Seatoun ($1.7 million) and Wellington Central ($466,200)…
Fixing or Refixing Your Mortgage: Three Questions to Ask
Date Published: 2 November 2023
Fixing/refixing your mortgage isn’t as exciting as buying a new house. Or, for that matter, as exciting as getting a pizza coupon in the mail. But gives you a valuable…
Budgeting with PocketSmith
Date Published: 28 April 2023
If you’ve ever watched one of the Mortgage Lab’s webinars or Facebook livestreams, you will most likely have heard us rave about this app. It’s one of our favourites –…
Should You Refinance to Another Bank to Get a Better Interest Rate?
Date Published: 27 April 2023
You’ve got a fixed-term account maturing soon and the bank or your broker has sent you some interest rates. Maybe your current bank is offering 0.1% higher than another bank…
Is it Worth Getting a Flatmate to Help Pay My Mortgage?
Date Published: 27 April 2023
Getting a flatmate to help pay the mortgage is a big decision. You have to share your home, and you wanted to keep a spare room for guests. But look…
The Bank Said No Because of My Income
Date Published: 3 April 2023
It happens to almost everyone eventually. You walk into the bank, and ask for an amount of money, either to buy a car, house, or business and the bank declines you. Today…
The Bank Declined My Investment Property Mortgage Application – Equity Hurdle
Date Published: 1 April 2023
It happens to almost everyone eventually. You walk into the bank, ask for an amount of money, either to buy a car, house or business and the bank declines you. We look…
6 Tips for Bidding at Auction
Date Published: 17 March 2023
Auctions can be an exciting and competitive way to purchase a property. However, the auction process can also be intimidating and stressful for unprepared people. To increase your chances of…