Heartland Bank has slashed its one year fixed mortgage and sharpened its floating rates as the lender puts more pressure on the big four.

Mortgage hardships are up 10% according to credit reporting firm Centrix, as the Covid pandemic continues to impact borrowers across New Zealand.  

A landlord who wanted to evict a tenant because of possible methamphetamine use by two flatmates has been slapped down by the Tenancy Tribunal.

While the unemployment rate has fallen to 4.7% it could have an outsized risk for new home building.

Pressure to introduce rent controls is growing, but all it will lead to is fewer rental homes on the market, the New Zealand Initiative concludes.

Average Auckland house prices hit more than $1.3 million last month despite efforts by the Government to slow down the rampant housing market, Sally Lindsay reviews recent QV figures.

In the past six months house price growth in Nelson Tasman has been consistent across the board, but lack of supply is now putting pressure on rises, writes Sally Lindsay

ANZ has tightened its affordability criteria for investor lending and will only count 65% of rental income when assessing new mortgages, marking the first major change from a big four bank since the Government's housing reforms.

Tighter loan-to-value ratio (LVR) rules have already had a significant dampening on investors.

Downward pressure continues in the mortgage market – SBS Bank has slashed its one-year fixed home loan to 2.19%, the third lowest rate in New Zealand.

As office tenants reassess their existing and future space needs amid changing expectations around what workplace environments should look like, and adjusted bottom-line budget realities, there has been some notable corresponding changes in office property market fundamentals.

Landlords who parked and lived in a caravan at their tenant’s property and then tried to evict him when he told them to go have been ordered to pay compensation and exemplary damages.