Many banking economists believe that the RBNZ will leave the OCR unchanged for an extended period. Borrowers continue to have time on their side, with interest rates expected to stay lower for longer. A recommended strategy is to cover risk by placing some funding with banks on fixed terms and leaving the flexibility of floating […]
Filed under: REAL ESTATE | No Comments »
With no details yet emerging from the EU summit, markets remain wary. With Greece in its fifth year of recession and the unemployment rate at 23%, Greece has asked for some modifications to the austerity program. Elsewhere, EU leaders are focused on immediate help for Spain and Italy, which will help chart a path out […]
Filed under: REAL ESTATE | No Comments »
What is the impact of migration on the housing market? At the moment, migration is a drag on the normal state of affairs because the net flow in the year to May was a loss of 3,653 and because the average flow over the past ten years has been a gain of 15,000 p.a. However, […]
Filed under: REAL ESTATE | No Comments »
As many Baby Boomers are considering their options for retirement (and whether they have sufficient funding to protect and maintain their life style) they find themselves in exactly the same position as the previous generation, i.e. those approaching or already in retirement in the early 1990s. Back then, inflation fell from an average of 11% […]
Filed under: REAL ESTATE | No Comments »
The rental property shortage is heading to a crisis. It continues to be a National trend which is fuelled by lack of construction of new homes and investment by developers. The cost of new builds and the costs of consents (due to stringent council requirements because of the leaky home issue) are also contributing to […]
Filed under: REAL ESTATE | No Comments »
It is the sellers who hold the power as the market returns. For the first time in more than four years, the June BNZ-REINZ Residential Market Survey provides solid evidence that conditions are shifting more towards being a sellers’ market. A recorded net of 15% of those responding claim that buyers are now more motivated […]
Filed under: REAL ESTATE | No Comments »