MORTGAGE APPROVALS HIGHEST FOR 4 YEARS
8300 loans approved second week of January 2013, over 23% more for the same time last year, but some may have been refinancing, with some switching to fixed rates averaging 5.29%, but floating is averaging 5.79%.
Due to Aucklands market, Bill English, stated that Auckland Council needs to have more land to build affordable houses. “over the next couple of years there will be thousands more houses built in Auckland…., we need the assistance of Auckland Council to cut through the red tape to make sure the lower value houses are built.”
Mortgage Statistics for December 2012:
December 7th – 7555 approved – $1.2b value
December 14th – 7976 approved – $1.33b value
December 21st – 8299 approved – $1.34b value
Filed under: REAL ESTATE | Tagged: Real Estate