Property · Building · Design
Banks generally remain silent about interest rate changes in the period leading up to this Wednesday's official cash rate (OCR) review announcement by the Reserve Bank of New Zealand (RBNZ).
In this article, YIJU takes another look at how New Zealand’s richest man is pursuing his expansion strategy, hoping our analysis will offer investors further inspiration.
Following recent movements in wholesale interest rates, ANZ unexpectedly cut its special two-year fixed home loan rate from 5.8% p.a. to 5.45% p.a., a reduction of 35 basis points. The cut took effect this Tuesday, 5 July.
Today, the final revisions to the Credit Contracts and Consumer Finance Act (CCCFA) amendments that took effect on 1 December last year officially come into force. Many media outlets have described these adjustments as ‘loosening the reins’ on the credit market and heralding ‘a new spring for borrowers’. But is that really the case?
Take the lowest one-year home loan rate offered by the major banks: it was 2.25% in May 2021, but had doubled to 5.35% by June 2022
A total of 78 residential properties went to auction in the week from 25 June to 1 July, down from 100 the previous week.
Auckland's median house price in June defied expectations, rising 2% from May rather than falling.
The New Zealand Government has confirmed that the Accredited Employer Work Visa (AEWV) will officially take effect on 4 July 2022
Beyond the lure of high earnings, what qualities are essential for success, and what philosophy guides the industry's operations?
NZ and ASB have announced successive increases to their fixed mortgage rates
Looking back over these fifteen years, so many moments linger in the mind and so many friendships remain close to the heart
House prices will not fall as much as rumours suggest, but homeowners do need to negotiate on price to meet the market