While the RBNZ has put the OCR on pause, it still means a tough road ahead for 50% of mortgage borrowers, including investors, as their fixed term interest rates roll off on to higher repayments over the next six to 12 months.

A further rise in the OCR is being predicted for the end of the year by ANZ.

Squirrel Mortgages is confident yesterday’s OCR rise won’t have any upward impact on mortgage interest rates.

The Reserve Bank has lifted the Official Cash Rate to 5.5% and says interest rates need to stay higher to sustainably reduce inflation.

Too many good landlords are getting out of housing market, says Tim Kearins, Century 21 boss.

Buoyed by an almost 50% increase on early last year’s consumer spending, retail operators are now having to compete to secure prime locations in Auckland’s CBD.

Landlords have little to celebrate in the Budget.

Inland Revenue is reminding people thinking about selling a residential property to make sure they know their tax obligations.

Investors’ market share of new purchases has slumped to a new low of 19.9%.

Homeowners on average incomes who bought a house two years ago will now be paying 31% of their income on their mortgage, research from Canstar shows.

Kiwibank economists expect house prices to trough in a few months.

House sales to first home buyers have slumped to their lowest level in 11 years, but it’s not all bad news for mortgage advisers.

In Hamish Patel’s world, mortgage advisers are becoming akin to counsellors.

House sales slumped to their lowest in 31 years last month, excluding 2020.

When the New Zealand housing market turns as it has in Australia, a lot of people won’t understand it, says economist Tony Alexander.

If the Reserve Bank implements its debt-to-income (DTI) restrictions tool, it will put enormous pressure on mortgage advisers, says David Green of Advice HQ.