News

Mortgage lending picks up in April after a soft March

Despite Easter/ANZAC being close together and many people taking an extended holiday (rather than visiting the bank), mortgage lending activity was solid in April. Even so, the banks in aggregate are still operating well below the LVR speed limits, and interest-only lending to investors is contained too. Over the next few months, there has to […]

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Warning: Insulation Deadline Looming

Landlords take note: there’s only one month left to insulate rental properties before a $4,000 fine from MBIE comes into play. From 1 July 2019 ceiling and underfloor insulation will be compulsory in all rental properties around New Zealand. REINZ chief executive Bindi Norwell says it’s imperative that landlords, who haven’t already acted, take action […]

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Can you trust the CV / RV?. Here’s what you need to know

The relevance of CVs (Capital Values) also known as RVs (Rateable Valuations) have been questioned recently. It’s not the first time and I’m sure it won’t be the last, but the one thing I think we have to come back to is that CVs are a great anchor point for market value and, either consciously or […]

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Confidence shows in housing market as New Zealanders get active

A deluge of new listings in Auckland, Southland, Wellington & Northland, as well as a national all-time high average asking price since records began in 2007 and all-time highs in six regions. New Zealanders are right back into the housing market, with new property listings significantly up on realestate.co.nz, the country’s largest site for residential […]

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Spring bounce in property listings evident, but how strong?

The traditional spring bounce for new property listings has begun, and it’s no surprise that those parts of NZ with already high stock levels (e.g. Auckland) are experiencing softer property value growth. Affordability pressures for buyers is just one factor indicating that the rise in listings over spring and into summer won’t be any bigger […]

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