NZ Finance to buy Approved

New Zealand Finance Holdings will buy Approved Mortgage Brokers for $1.2 million from April 1.
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Fewer owners

Property company DTZ (NZ) has found a 20-year decline in private home ownership.
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Leaky homes process burns money while houses rot

National's Associate Building & Construction spokesman, Bob Clarkson, says the leaky homes system is sucking up taxpayers' money while people wait in rotting homes for action.
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Higher for longer

Get used to higher home loan rates. Following last week's Reserve Bank announcement they won't be falling until next year.
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Borrowers using trusts warned

People who have a revolving credit mortgage associated with a trust may be facing trouble.
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Looking for some balance in the demand-supply of housing

In the feature article of the May issue of ANZ's Property Focus, the simple demand-supply housing balance measures across the regions highlight Auckland and Wellington as areas where the market remains tightest. Conversely, a turning point is not too far away in the majority of regions, noteably Gisborne, Hawke's Bay and Taranaki.
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3000 first home buyers take up Welcome Home Loans

The government's major initiative to help first-time buyers, Welcome Home Loans, into their own home has reached 3000 loans.
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Labour commits to pledge card for third term in office

Prime Minister Helen Clark announced today that Labour is issuing a pledge card again this election outlining key commitments it is making to New Zealanders, during a third term of a Labour-led government.
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Brash expects house prices to tumble 10%

Former Reserve Bank Governor Don Brash is picking house prices could tumble by up to 10% in the next year as the already cooling NZ property market is further threatened by the volatile international economy.
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Kiwi bach taxed

Under the Queenstown council's district plan, property owners who rent homes for less than three months and to more than four people must apply for a resource consent and pay higher rates.
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A hand up to home ownership

'The Kiwi dream of owning your own home will be brought within the grasp of thousands more New Zealanders each year as a result of Budget 2005,' says Housing Minister Steve Maharey.
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Market prices in another hike after data release

Strong third-quarter employment and wage figures last week strengthened the case for more tightening next month. So watch out for interest rates to continue their upward momentum.
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Markets ponder bank's upcoming statement on rates

Just about nobody expects Reserve Bank governor Alan Bollard will change interest rates on Thursday, the debate being over whether he will maintain a mild bias towards higher rates or switch to a more neutral stance.
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OCR likely to remain the same this week

None of the economists are expecting Reserve Bank governor Alan Bollard will shift the official cash rate (OCR) this week and neither are they currently expecting a rate cut this year.
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Reserve Bank leaves interest rates unchanged

As expected, Reserve Bank governor Alan Bollard has left interest rates unchanged, although the wording of his statement wasn’t as hawkish as had been expected.
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Home loan rates in holding pattern

After weaker than expected employment and retail sales numbers were released last week there is a view emerging that the Reserve Bank won’t increase its official cash rate on June 9.
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Tax crowds out vital debate

An election bidding war has blinded investors to other important economic issues that will affect their wealth.
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Lenders slow to hike rates

Despite the Reserve Bank’s 25-basis-point rate hike on Thursday, lenders have been slow to jump on the bandwagon to push their floating rates higher by the same amount.
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Minister announces review of the Building Code

The Minister for Building Issues announced the review of the New Zealand Building Code at the Certified Builders Association of New Zealand Conference on 27 May.
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Spring campaign starts with a bang

Mortgage Rate Report: The Spring campaign amongst banks for mortgage business has started, and it has been more aggressive than some expected.
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Short term rates up, long term rates stable

All the major lenders have now put their floating rate loans up to 10.05% following the latest increase in the official cash rate (OCR) to 7.75%.
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QV Insider– the investor's edge

at an exclusive NZPIF member only price.
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No rate rise expected this week

Economists are unanimous that Reserve Bank governor Alan Bollard will leave interest rates unchanged when he reviews his official cash rate on Thursday; the only debate is how hawkish his comments will be.
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Top state house income nearly $95,000, Nats say

The top five after-tax incomes of state house tenants range from $78,520 to nearly $95,000, the National Party has revealed.
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New site tracks property trends

www.suburbwatch.co.nz  is launched today.  It tracks trends in the suburbs of Auckland, Wellington and Christchurch
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