Total wealth held by Australasia’s richest people shrank by 11% last year.

The main trading banks are now predicting the OCR to hit 5.25%, back from 5.5%, and mortgage interest rates to rise to 7% or slightly higher.

The number of investors who are likely to sell their properties has risen to a staggering  34.5% over the past two years, a new survey of landlords shows.

Economist Tony Alexander says there needs to be some perspective on the RBNZ’s talk of a looming recession and whether the country is in one already.

Interest rate hikes and tighter lending rules have triggered the biggest property sales collapse since 1981.

New Zealand mortgage and financial advisers are looking at ChatGPT, seeing what it can produce and generally not trusting it.

The Healthy Homes Standards and tenancy law changes have been blamed for higher average rents of more than $500 a week.

Du Val Capital Partners (DVCP) says it is disappointed the FMA has issued a recent public warning against it for misleading investors over the suspension of cash distributions from its flagship mortgage fund.

As interest rates have risen, Kiwis have pulled back from overpaying their mortgages, the latest Canstar Consumer Pulse Report shows.

Zoning, consenting, and overseas investment approval processes make it close to impossible for a new supermarket player to enter the New Zealand market at scale, says the New Zealand Initiative.

ASB has trimmed its rate card but remains higher than its rivals in the one-year, 18 months and two-year fixed terms.

Tenancy Services has reminded landlords to use licensed builders, electrical workers, plumbers, gasfitters and drainlayers when have repairs or renovations carried out.

Questions from buyers, including investors, around flood risk have soared in recent weeks and some are walking away from purchases.

Property development company Du Val Capital Partners suspension of cash distributions to investors in the company’s mortgage fund has drawn a formal warning from the FMA for misleading conduct.

The latest QV House Price Index (HPI) shows home values are still on average 24.5% higher nationally than they were when the pandemic first began three years ago.

Although the property investment market is in the doldrums potential landlords are still eyeing up houses, apartments and units to buy.