Property · Building · Design
CoreLogic chief property economist Kelvin Davidson recently said higher mortgage rates would have a substantial impact on many borrowers with fixed-rate loans, as they would soon need to refix. Around two-thirds of loans will face higher interest rates in the near term, with the squeeze coming from May to June.
YIJU's article published on 30 November, titled ‘The fastest-growing segment in the future Australian and New Zealand HVAC market may surprise you!’ (click to read), attracted considerable attention from local developers. Readers asked what distinguishes variable refrigerant flow (VRF) multi-split air conditioning from the split AC systems so widely used in New Zealand.
For Plaxo Mortgages, fifteen years have passed through changing seasons, overcoming obstacles and moving forward through innovation. They have been fifteen eventful years of weathering storms together, working side by side and building a shared future.
Reportedly, all five of New Zealand’s major banks now expect house prices to fall in 2022. After the Reserve Bank of New Zealand first forecast a price decline in its August Monetary Policy Statement, economists at the five major banks gradually revised their forecasts, one after another, from mostly expecting prices to remain flat next year to mostly predicting modest falls.
With December already more than halfway through, can Christmas be far away? Somewhere along the way, neighbours have put up colourful Christmas lights, with Santa and reindeer appearing in their gardens. Through the windows, golden stars sparkle atop indoor Christmas trees. From somewhere comes the light, gentle melody of “Jingle Bells”... The holiday spirit is unmistakable!
Like our writer, did you know the New Zealand government even had an “investment officer” role? More surprising still, a young Chinese woman secured this prestigious government position and also served as Director of Cross-border Investment for Greater China. She dealt directly with New Zealand business founders, fund managers, partners at leading investment banks and law firms, partners at the Big Four accounting firms, and central and local government officials, with transactions frequently running into tens or even hundreds of millions...
New Zealand’s Parliament recently formally passed the Resource Management (Enabling Housing Supply and Other Matters) Amendment Bill at its third reading.
Today, the Real Estate Institute of New Zealand (REINZ) released its latest property sales figures. National house prices reached another record in November, at NZ$925,000, up 23.8% on the same time last year and 3.7% on the previous month. Although growth has slowed, prices are still rising...
For many years, a major driver of the property market has been the long-term decline in inflationary pressure, which has brought interest rates down substantially and encouraged borrowing. This has been particularly evident since the wave of interest rate cuts and overseas quantitative easing policies that followed the global financial crisis in 2008.
Recently, major New Zealand media outlets have been competing to report that Ikea, the Swedish company and world's largest furniture retailer, with more than 400 stores across 50 countries, is finally set to start building its first New Zealand store!
Recently, articles on YIJU New Zealand's official WeChat account have attracted considerable attention from local readers.
Plaxo Mortgages’ fifteen years have seen the seasons turn as the company overcame obstacles, innovated and moved forward. They have been fifteen eventful years of weathering storms together, working side by side and building a shared future. Looking back, countless moments linger in the mind and countless friendships remain close to the heart. For founder York Zhang (Zhang Yong) and everyone at Plaxo, some of the warmest, most treasured memories are of working alongside longstanding clients they met in their early days, and helping projects grow from sketches into impressive buildings.