Search Results for: new zealand
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NEWS
Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.
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INDUSTRY NEWS
We may not see a property investor comeback in New Zealand for a while yet
Property investors aren't expected to make a return to the New Zealand market any time soon.
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INDUSTRY NEWS
New Zealand inflation figures remain stubbornly high
The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to opt for a 0.75 per cent increase to the cash rate when it meets next, a leading economist says.
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INDUSTRY NEWS
New Zealand unlikely to ease borrowing restrictions in 2023
The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to cough up a minimum deposit of 40 per cent, CoreLogic New Zealand's Chief Property Economist Kelvin Davidson says.
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INDUSTRY NEWS
Only 7 per cent of suburbs in New Zealand not experiencing price declines
While most suburbs in New Zealand have been experiencing steep home price declines in the past three months, there are still areas that have seen growth according to CoreLogic.
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INDUSTRY NEWS
New Zealand property values decline at GFC levels with further falls predicted
Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values in New Zealand falling further than predicted in 2022.
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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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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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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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
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
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
New Zealand property prices fall at fastest pace since the GFC
Property prices across New Zealand have continued to fall, with the rate of decline now at the same level as seen during the Global Financial Crisis.
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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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NEWS
‘Little respite’ for falling New Zealand property market
New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite” for falling house prices in the coming months, according to an industry expert.
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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
Widespread fall in New Zealand property prices continues
The downwards momentum in New Zealand residential real estate values continued throughout May with prices falling 0.8 per cent.
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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
New Zealand cash rate tipped to rise .5 per cent this week
One of New Zealand’s biggest banks has forecast the country’s reserve bank to lift the official cash rate 50 basis points on Wednesday in a bid to “rein in runaway inflation” and avoid a “deep recession”.
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INDUSTRY NEWS
New Zealand house prices continue to soften
New Zealand property prices are growing at a slower rate, with the latest CoreLogic House Price Index (HPI) showing a 0.7 per cent rise last month.
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APPOINTMENTS
Openn appoints new CEO for Australia and New Zealand
Openn has appointed former chief operating officer Sean Adomeit as chief executive officer of its Australia and New Zealand operations, as part of its US expansion plans.
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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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NEWS
eXp Realty heads to New Zealand
Cloud-based brokerage eXp Realty is continuing its rapid worldwide growth by expanding its real estate operations into New Zealand, the Dominican Republic, and Greece in the first quarter of 2022.
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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
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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NEWS
New Zealand’s momentum slowing
New Zealand property prices have continued to increase nationally in November, but have slowed compared to October, according to the latest data from CoreLogic NZ.
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INDUSTRY NEWS
New Zealand property value bounce back likely to be temporary
House prices in New Zealand recorded a mini bounce back in October with values up 2.1 per cent over the month. It was the first time in six months that price growth sped up, according to the CoreLogic House Price Index, after September recorded a monthly growth rate of 1.4 per cent. The average value of a property in New…
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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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