GoodReturns | NZ’s financial adviser news-item centre

Expected rising interest rates to put more pressure on mortgage holders

Interest rate rises are adding $900 a month extra to mortgage repayments for homeowners across the country with an 80% mortgage on a home bought two years ago and $1,600 a month for Aucklanders where house prices are higher.

Tue, Jul 11th 2023 10:45AM

Sales slowly getting back to market driven cycle

4 min read

A break in OCR increases forecast

5 min read

Mortgage writing surges for top adviser company

4 min read

The Greens chaotic thinking over rent controls

The Greens’ calls for rent controls have been persistent for years with little evidence provided to back up claims they work.

5 min read

The Greens chaotic thinking over rent controls

Property market listings stay at the bottom of the barrel

Property listings continue to drop and last month was the lowest June on record nationally and in 12 regions monitored by realestate.co.nz.

4 min read

Property market listings stay at the bottom of the barrel

Has the country come out of recession?

Despite headlines about recession, confidence lifted markedly in June.

4 min read

Don’t count on interest rates falling any time soon

The ANZ Bank says it is premature to believe that the Reserve Bank has done with OCR hikes and interest rates won’t rise any further.

3 min read

Don’t count on interest rates falling any time soon

Research needed into central banks’ pandemic response

Reserve Bank Monetary Policy Committee external member Robert Buckle says there must be post-pandemic assessments of the performance of central banks during Covid-19.

3 min read

Research needed into central banks’ pandemic response

Unqualified chartered engineer flouts rules and signs off hundreds of homes

An unqualified member of Engineering New Zealand, has used the signature and identities of various chartered professional engineers to falsely sign off hundreds of homes in the central North Island, Bay of Plenty and Waikato.

1 min read

Unqualified chartered engineer flouts rules and signs off hundreds of homes

House prices and rents on the cusp of lifting

The ANZ Bank says the latest data supports its assessment the housing market is tightening, which will lead to a 3% plus pick-up in house prices through the rest of this year.

4 min read

House prices and rents on the cusp of lifting

Mortgage lending still in doldrums – no lift in sight

The housing market is still finding a floor going by the value of last month’s new mortgage lending.

4 min read

Mortgage lending still in doldrums – no lift in sight

Rents lift for suburban retail property

Retail business strategies are continuing to evolve in the post-pandemic operating environment, says JLL in its latest market snapshot.

2 min read

Migration scramble not boosting demand

The migration surge complicates the inflation picture, but is unlikely to be inflationary, says ASB.

4 min read

Interest rates drop might be further away

Global short-end interest rates drifted higher last week as a handful of G10 central banks lifted policy rates, most notably Norges Bank and the Bank of England with 50bp hikes.

2 min read

Interest rates drop might be further away

Household finances in a vice

New Zealand households remain gloomy due to mounting financial pressures, making it difficult for mortgage advisers to get loans across the line.

4 min read

Culture and conduct not part of bank competition study

Finance Minister Grant Robertson wants to make it clear the Commerce Commission banking study is not about bank conduct and culture.

3 min read

Culture and conduct not part of bank competition study

Property sales finally stop falling

The number of property sales last month was 7.5% higher than a year earlier – the first annual increase since May 2021, CoreLogic’s latest Chart Pack shows.

3 min read