One of the many victims of a rampage by a tenant in an Unsworth Heights, blocks of flats was so scared they wet themselves and defecated.

Banks’ high mortgage stress test rates are keeping a lot of buyers on the side lines, says the latest survey of mortgage advisers by Tony Alexander and mortgages.co.nz.

Landlords are in favour of National’s election promise to allow under-30-year-olds to use KiwiSaver for tenancy bonds.

Success in any field requires positive working habits – being a mortgage adviser is no different.

Inzpec, the start-up connecting property buyers with qualified and trusted property inspectors is joining forces with Trade Me in a strategic partnership.

Kiwibank is forecasting annual gains in the housing market of 2% by the first quarter of next year, before hitting a high of 6% by the middle of the year.

Despite a rise in the number of complaints about mortgage and financial advisers over the year to June, Financial Advice New Zealand chief executive Katrina Shanks says they would have come off an extremely low base considering the number of advisers in the industry.

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.

A sense of normality may have returned to the Auckland housing market with June property sales more in line with traditional pre-Covid sales patterns, says Barfoot & Thompson.

The country’s major banks expect the RBNZ to keep the 5.5% OCR unchanged on Wednesday, which will be the first time it has remained unchanged since August 2021.

Since LVR restrictions were eased six weeks ago, the South Island’s biggest volume mortgage adviser company has seen a surge in business.

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

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

Despite headlines about recession, confidence lifted markedly in June.

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.

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.