One of the big reasons to use mortgage advisers, rather than go direct-to-lender, is because they give you more choice. And one big way in which advisers offer more choice is by including non-bank lending institutions on their home loan panel. As the name suggests, non-bank lending institutions do offer loans but don’t have a…
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New and existing build-to-rent developments will now be exempt from the interest limitation rules that recently came into force. Since 1 October 2021, it has no longer been possible to claim interest for residential property acquired on or after 27 March 2021. For properties acquired before 27 March 2021, the ability to deduct interest is…
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As interest rates rise, it’s possible New Zealand will experience an increase in ‘mortgagee sales’, which presents both opportunities and risks for buyers. A mortgage sale is when a borrower defaults on their mortgage, causing the lender (i.e. the mortgagee) to seize and sell the property. For buyers, the big upside to acquiring a home…
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Property investors throughout most parts of New Zealand are enjoying gains in their rental income, but those increases are occurring at decreasing rates. Rents rose by 4.0% (as per the flow measure) in the year to July 2022, according to the most recent data from Stats NZ. That was down from 4.9% year-on-year growth in…
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Prices are rising fast for many goods and services, so it’s never been more important to economise. With that in mind, here are seven things you can do to save money without seriously affecting your quality of life. New Zealand’s inflation rate has reached 7.3%, the highest level in 32 years, according to the most…
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Property prices may have declined in New Zealand as a whole during the first half of 2022, but some towns and regions actually experienced growth. Two major cities recorded price growth between January and May, along with a collection of smaller communities. Property prices may have declined in New Zealand as a whole during the…
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The government has introduced a new regulatory regime to govern conduct in the financial sector. Under the new regime, the authorities will be able to ban or regulate certain sales incentives. Also, banks will have to maintain effective policies to ensure customers are treated fairly. The government has introduced a new regulatory regime to govern…
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After the property market boomed in 2021 and started cooling in the first half of 2022, it now appears to have stabilised, according to realestate.co.nz. The data is also telling a much more positive story than the doom-and-gloom headlines might suggest. After the property market boomed in 2021 and started cooling in the first half…
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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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