Search Results for: Kelvin Davidson
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Fixed-rate mortgages could hit 7 per cent in New Zealand
One-year fixed-rate mortgages could surge as high as 7 per cent in the coming months putting even more pressure on New Zealand property prices according to an expert.
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Profitable resales decline across New Zealand
Profitable resales across New Zealand continued to decline last quarter, dropping to 96.8 per cent according to CoreLogic.
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INDUSTRY NEWS
Further rate rises likely in New Zealand: CoreLogic
Rising inflation in New Zealand will likely mean more interest rate rises ahead according to CoreLogic. CoreLogic NZ Chief Property Economist Kelvin Davidson said the fact that inflation had not yet slowed down and that the Reserve Bank of New Zealand considered the case for a 0.75 per cent rise should indicate further tightening ahead. “The past few weeks have…
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INDUSTRY NEWS
Low-deposit finance across New Zealand becoming harder to get
Low-deposit finance is becoming increasingly hard to secure in New Zealand as banks continue to tighten lending standards.
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INDUSTRY NEWS
First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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INDUSTRY NEWS
Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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INDUSTRY NEWS
Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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INDUSTRY NEWS
New Zealand the “canary in the coal mine” for Australian property
Australian homeowners can look to New Zealand’s property market as the “canary in the coal mine” to determine what kind of impact rate hikes might have on prices, according to experts.
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INDUSTRY NEWS
Hope for NZ home buyers as housing affordability reaches a “turning point”
Housing affordability across New Zealand has reached a “turning point” as falling house prices and growing wages start to benefit buyers.
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INDUSTRY NEWS
Profitable resales start to fall across New Zealand
Profitable resales across New Zealand have started to fall as interest rates rise and a surge in listings weighs on the property market.
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INDUSTRY NEWS
Should NZ first-home buyers purchase now or wait?
There might be merit in first home buyers waiting a little longer before trying to get into the New Zealand property market, according to a leading expert.
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INDUSTRY NEWS
New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.
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INDUSTRY NEWS
Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.
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INDUSTRY NEWS
Cash buyers on the rise across New Zealand
Cash buyers who own multiple properties are on the rise across New Zealand according to new data from CoreLogic.
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INDUSTRY NEWS
NZ shows the first sign of a slowdown as profitable resales fall
The number of properties across New Zealand resold at a profit has fallen slightly in the first quarter of 2022, according to CoreLogic.
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INDUSTRY NEWS
First home buyer activity falls away in New Zealand
New Zealand's first home buyer activity has continued to decline as higher mortgage costs have started to have an impact according to a new report.
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INDUSTRY NEWS
Slowdown arrives for New Zealand’s hot property market
New Zealand’s overheated property market looks to be slowing down thanks to rising interest rates and lower demand according to a new report.
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INDUSTRY NEWS
NZ first home buyers struggling to get a mortgage
First home buyers in New Zealand are struggling to get a mortgage with tighter lending requirements and rising interest rates squeezing borrowers, according to a leading expert.
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INDUSTRY NEWS
Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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NEWS
Record profits for NZ homeowners
Price growth in New Zealand might be slowing, but homeowners still have plenty to be happy about with the booming housing market leading to 99.3 per cent of properties being resold at a profit
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INDUSTRY NEWS
NZ property prices to grow by less than 5 per cent
New Zealand property price growth is likely to dip below five per cent this year as rising interest rates start to bite according to an industry expert.
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NEWS
Cost to build a home in New Zealand hits the hip pocket
The cost of building a house in New Zealand has jumped 6.1 per cent in the past year and could rise by 10 per cent or more in 2022, according to experts.
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INDUSTRY NEWS
Every New Zealand suburb grew in value in 2021
A new report has highlighted just how strong the New Zealand property market has been, with every suburb showing positive capital growth in the past 12 months.
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INDUSTRY NEWS
First home buyer lending in NZ likely to slow down
The first home buyer market in New Zealand is likely to slow down in 2022 as banks continue to reduce low deposit home loans according to new analysis from CoreLogic.
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INDUSTRY NEWS
New Zealand property market trends to watch in 2022
For the New Zealand real estate market, 2021 has been the year the government stepped in and regulatory pressures increased in an effort to curtail rapidly rising property prices. Across the country the 12-month change in median values recorded jumps of between 6.7 per cent in Sunshine Bay, and a whopping 47.7 per cent in Woodville. The figures, released in…
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INDUSTRY NEWS
NZ property market set to shift in 2022
A switch to a ‘buyer’s market’ is on the cards for New Zealand during the second half of 2022, according to CoreLogic’s latest Market Pulse. But buyers might have to work a little harder to secure finance, according to CoreLogic NZ Chief Property Economist Kelvin Davidson. “For some time now, the tight supply of listings on the market, set up…
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INDUSTRY NEWS
How NZ’s cash rate rise will impact the property market
Experts tip the latest NZ cash rate increase isn't the last hike the RBNZ will announce, and that is likely to impact the property market.
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NEW ZEALAND
NZ vendors achieve record profits
More than 99 per cent of New Zealand vendors sold their property for more than the original purchase price in the three months to September, according to new data.
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INDUSTRY NEWS
NZ First Home Buyers hit record market share
Despite tough market conditions and rapidly rising house prices, first home buyers in New Zealand have hit record high market share.
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INDUSTRY NEWS
New Zealand’s hot property market starting to slow down
New Zealand’s property market may see a mini bounce back in the final two months of 2021, but conditions for a sustained upswing are unlikely to materialise, according to an industry data provider.
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INDUSTRY NEWS
Rising rents push New Zealanders to buy
Signs that rental growth has accelerated sharply across New Zealand is leading many people to look at buying.
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INDUSTRY NEWS
Property Vulnerability Index reveals NZ regions most at risk of downturn
The New Zealand property market has been one of the strongest in the world recently with house prices increasing 27.8 per cent in the past 12 months. However, the price increases have started to cause some issues with affordability and only last week the Reserve Bank of New Zealand (RBNZ) was the first major central bank to increase official interest…
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NEW ZEALAND
New Zealand implements new rules to prevent investor deductions
New Zealand has continued its efforts to lower the skyrocketing housing market with new rules that will impact property investors. The new rule will prevent property investors in New Zealand from deducting mortgage interest from their taxable income and takes effect from 1 October, according to Reuters. Finance Minister Grant Robertson explained the change is part of a series of…
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NEW ZEALAND
Housing affordability continues to rapidly decline in New Zealand
Record house price growth across NZ has led to rapidly declining affordability with little sign of easing, despite rising mortgage rates.
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NEWS
Record gains and very little pain for New Zealand property sellers
New Zealand home owners are pocketing a record level of gross profits from property resales as the country's real estate market defies last year's weak economic outlook.
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