The economy continues to go from strength to strength across every sector monitored by the Australian Bureau of Statistics (ABS). Business revenue turnover in February increased in all 13 industries studied by the ABS, providing evidence that the economy is returning to pre-COVID levels. The result is promising for economic confidence as Australia also continues…
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Has the property market boom ended? It’s possible with the latest property data showing signs that some of the rocket fuel is out of the market, and concerns about inflation and higher mortgage rates could be having an impact. According to researcher CoreLogic NZ, quarterly property price growth was 3.6% across New Zealand to the…
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Confidence in the future of the property market remains at record levels after two years of world-leading growth in property values, despite a fourth successive mortgage hike. According to Statistics New Zealand, more building consents have been granted in the 12 months to February than ever before. Dwelling consents are up 25% year-on-year with 49,733…
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If you’re worried about the future of our economy and wondering if this is the right time to buy a property, look no further than the skyline for your answer. We have a record 150 cranes erected across New Zealand – a true sign of long-term confidence in the economy and the property sector. More…
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The Reserve Bank of New Zealand (RBNZ) has introduced its fourth consecutive interest rate rise in a dramatic attempt to rein in rapidly rising inflation. The 0.5% increase is designed to try to stop inflation breaking the 7% barrier and potentially stalling the economy. It was the biggest increase in 22 years, taking the Official…
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Applying for a home loan can be a confronting experience, whether you’re a first-time buyer or even if you’ve purchased before. There are a lot of moving parts and the very real prospect that your loan can be rejected if there are errors in your application. As mortgage brokers, we help clients navigate the labyrinth…
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The big four banks are all now predicting the cash rate will start rising as early as June with some economists predicting the official rate could go as high as 3% over the next few years. The cash rate is a number the Reserve Bank of Australia sets that indicates the interest that banks or…
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A softening in real estate prices amid speculation of an imminent interest rate rise has caused property listings to fall according to Ray White Chief Economist, Nerida Conisbee. A total 11,000 fewer homes were for sale in the March quarter than in the corresponding period last year. “Sellers are no longer so keen to go…
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Industry experts are forecasting a slowdown in house sales and the number of properties coming onto the market across the six-week federal election campaign, in which housing affordability and rent prices are becoming hot topics. History shows Australians are usually reluctant to sell or rent during a campaign, but their confidence in the market remains…
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Updated laws designed to help owners downsize from their family homes are now in place, which may make it easier and more affordable to plan your retirement. From a mortgage broker’s perspective, the scheme appears worthy of consideration because it’s designed to bolster your savings by minimising tax. You may want to talk to your…
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