Recent data shows only 21% of our Pacific Peoples in New Zealand own their own home. In response to this alarmingly low rate, the government has committed to spending $2.64 million over the next three years on improving finance and property education. It aims to improve the housing outcome of Pacific people in Aotearoa through…
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Selling your house has never been more profitable with most owners collecting a windfall of more than $400,000, according to the latest data from CoreLogic. Owners achieved a median average resale profit of $420,000 in the December quarter, according to the data provider in its latest Pain & Gain report. It is almost twice the…
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The first faint signs that the Kiwi property market is cooling have emerged, with good news predicted for property buyers. The number of homes for sale is back to pre-COVID 2019 levels according to realestate.co.nz but asking prices in some key centres have begun to dip. The latest data from the website says more than…
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Supply chain problems and price increases caused by the pandemic have impacted most of our daily lives. We’re feeling the effects in many areas, but especially in the cost of our groceries and fuel. So, it shouldn’t be a surprise to discover that three-quarters of the companies surveyed by the Australian Bureau of Statistics (ABS)…
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Australians are buying 57 more vehicles each day compared to last year, according to the latest data from the Federal Chamber of Automotive Industries (FCAI). Overall, 85,340 vehicles were sold in February, a year-on-year increase of 1.6%, or 56.8 vehicles more every day. Toyota was the market leader in February 2022 with 20,886 vehicles sold.…
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Good news on the unemployment front keeps coming, demonstrating Australia’s economic resilience. The seasonally adjusted unemployment rate for February is just 4% – a fall of 0.2% on the January number, according to the Australian Bureau of Statistics (ABS). It’s the lowest figure since August 2008 and only the third time unemployment has been 4%…
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How the Federal Budget could impact your business Measures to ease cost-of-living pressures and increase economic confidence were centrepieces of an $8.6 billion spending program in the recent Federal Budget, handed down on the eve of the election campaign by Treasurer Josh Frydenberg. The big headline-grabbers were a 22.1c cut in fuel excise until September…
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First-home buyers have had a boost in the recent Federal Budget as housing affordability takes the spotlight in the upcoming election campaign. The Home Guarantee Scheme, which guarantees mortgages for first-time buyers and single parents, has been increased by 50,000 places and extended beyond its original June closure. The First Home Guarantee enables first-time buyers…
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One of the first and biggest decisions you need to make when you’re applying for a home loan is whether you want a fixed or variable interest rate. Your decision can depend on several factors, such as your financial goals, whether rates are predicted to rise or fall, and the purpose of your loan. With…
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Nobody is showing more confidence in the immediate future of property than investors. The latest data shows a 6.1% rise in the value of housing loans made to investors in January according to the Australian Bureau of Statistics (ABS). A total of $11 billion was loaned to investors – that’s a new record and the…
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