REINZ House Prices – Down: REINZ’s sales in March were down 10% on the same month the year before. Interest Rates – Up: Interest rates are creeping up. OCR – Up: Increases are expected at many, if not all, of the OCR announcements this year. Immigration – Up: Migration is at a 10 year high […]
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The monetary policy tightening is an experiment, which means New Zealand mortgage holders should not take big risks with their mortgage. How fast interest rates increase is a guessing game. Homeowners need to minimise and spread risk to combat increases. You can take the increase in cost straight away by fixing your interest rate for […]
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New Zealand property values increased at the slowest annual pace in seven month in April. The annual increase to April moderated to 8.4% well-down on the peak in December of 10%. The latest annual rate of growth for April compares with 8.8% in March, 9.3% in February, 9.6% in January and December’s peak of 10%. […]
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What can you do to gain that price you are seeking for your property? Here are some helpful tips that you can start working on before you meet your agent to list for sale: Mow the lawns Tidy the garden and paint the letterbox Repaint the interior areas which are tired, including cabinets and replace […]
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The predictions are yes! However, it is very difficult to predict, particularly a market such as Auckland and Christchurch, who are driven by a shortage of supply. There are also a lot of younger borrowers who have not seen the rises in interest rates seen by the baby boomers as the current rates we see […]
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World economies have welcomed news this week that the International Monetary Fund (IMF) this week cut the probability of a global recession this year from 6% to 0.1%. This sort of outlook is positive for the New Zealand economy in that it will underpin global willingness to invest in economies such as our own, also […]
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