Posted on March 24th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
The national median price rose $33,000 to $415,000 (8.6%) compared to February 2013, areas across the country that saw increases were Waikato/Bay of Plenty, Hawkes Bay and Canterbury/Westland all reaching a new high medium price. Sales volumes were down in February by 7.6% when compared to February last year, but up by 29.8% on January […]
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Posted on March 21st, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
With the OCR rate increase, it pays to remember two vitally important things as you contemplate whether to switch to a fixed rate and when to do it. First, every policy tightening period is a suck-it-and-see exercise. You never know for certain how borrowers, savers, businesses, and the exchange rate will react to rising interest […]
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Posted on March 17th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
NZ looks to be in very good shape compared with other economies where uncertainty persists about the true underlying strength of the recovery in the United States, Japan, Europe, and to a lesser extent the UK. Confusion also exists regarding the immediate pace of growth in China’s economy with some data coming in weaker than […]
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Posted on March 14th, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
Official Cash Rate Rises The Reserve Bank has increased the official cash rate to 2.75%. It is the first time in three years that the OCR has been changed. In 2011 it was dropped to a record low of 2.5% in response to the Canterbury Earthquakes. In a statement, Governor of The Reserve Bank Graeme […]
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Posted on March 3rd, 2014 by Colin Wong Areinz (Waitakere Real Estate Mreinz REAA 2008)
A loan-to-value ratio (LVR) is a measure of how much a bank lends against residential property, compared to the value of that property. Borrowers with LVRs of more than 80 percent (less than 20 percent deposit) are often stretching their financial resources. They are more vulnerable to an economic or financial shock, such as a […]
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