Why is the Real Estate market showing signs of recovery? The simple answer is there must more buyers out their buying up property. Consumer confidence has jumped to a four-year high, business confidence to a 10-year high. House prices have been rising since February. So are happy days here again? I feel this optimism is built…
Tag: first home buyers
The First Home Buyers Market in New Zealand Gets Tougher
Yesterday the ANZ National Bank announced property loans will now have to have a 20% deposit. Now this closes up the banks and means that lending in throughout New Zealand is tightening up and buying is becoming a lot more difficult. The 20% deposit in many cases will now need to be savings which means…
BNZ goes below 7 per cent mortgage barrier
BNZ is throwing down the gauntlet to other banks in slashing its lowest mortgage rate today to below 7 per cent. The ‘mortgage rates war’ was a key battleground four years ago when BNZ and ASB went at it hammer andtongs in the spring of 2004. That tussle over 2 year fixed rates gave the…