Property speculators who are reaping millions of dollars from the super-heated housing market are about to feel the heat from a tough new crackdown. 18-05-2007 more >>
Kiwibank has cut its fixed rates loans in a two-week marketing campaign aimed at attracting borrowers refinancing from loans fixed two or three years ago. 18-05-2007 more >>
There have been further cuts to fixed rates over terms of two to five years from some finance companies and non bank lenders over the past week but some one-year rates have increased. The major banks, however, are maintaining identical rates over all terms. 10-05-2007 more >>
The IRD are planning changes to associated persons rules that would apply to developers and associated parties [and not to people who just own rental property]. 30-04-2007 more >>
New survey by British currency transfer specialist HiFix found that 5% of Britons looking to buy overseas were choosing New Zealand, making it the fifth most popular destination. 29-04-2007 more >>
Following a report on falling rates of home ownership, Andrew King, Vice President of the NZ Property Investors' Federation, said people on $70,000 a year had to look at their other spending if they can't buy a house. 24-04-2007 more >>
The difficulty of picking where interest rates are headed has been thrown into sharp relief for people refixing shorter term finance at the moment or in the near future. 20-04-2007 more >>
Cliff Seque, President of the Otago PIA, outlines the proposal for a house energy rating scheme similar to the star rating on major home appliances and highlights a raft of proposed tax measures. 16-04-2007 more >>
Most lenders have now re-priced their mortgage ranges in response to the latest increases to the cost of their funding but some are fine-tuning and others are still catching up. 13-04-2007 more >>
James Weir reports that rents are expected to rise 6% a year for the next five years, but high interest rates have killed the house price boom after a five year run. 12-04-2007 more >>
Articles on home ownership this week put the blame for rising house prices on property investors. However, there is a considerable amount of misinformation and misunderstanding that has led the writers to their conclusions, says Andrew King 05-04-2007 more >>
Floating rate mortgages have, as predicted, broken the 10% barrier following the latest rise in the Official Cash Rate (OCR) to 7.75%. 05-04-2007 more >>
New insulation requirements and moves to make it easier and cheaper to install solar water heating systems are part of major changes to the Building Code and Building Compliance Documents announced today by Prime Minister Helen Clark and Building and Construction Minister Clayton Cosgrove. 05-04-2007 more >>
Lenders have started to push up the cost of home loans following the increase in the official cash rate from 7.25% to 7. 5% last Thursday. 16-03-2007 more >>
James Weir reported today in the Dominion Post that the Kiwi dollar traded above US77cents during the weekend but the global backdrop for the dollar is "as good as it gets" and Deutsche Bank is expecting the dollar to fall sharply to US68c by the end of the year. 07-02-2007 more >>
