Blog categorized as Mortgage

Monthly Report for January 2026

Monthly Report for January 2026

The New Zealand property market continues to show overall stability as we move into 2026. Price movements remain mixed across regions, with buying and selling power largely balanced. At the same time, rising interest rate expectations, policy uncertainty, and changes in population flows are influenc...

09/02/2026 14:00:30 - Comment(s)

Monthly Report for November and December 2025

Monthly Report for November and December 2025

November brought another 25bp cut to the Official Cash Rate (OCR), nudging floating rates slightly lower. However, fixed mortgage rates have largely held steady. After the sharp 50bp drop of OCR in October, wholesale rates have reversed course, rising from 2.63% to around 2.82%. This suggests ...

08/12/2025 14:13:08 - Comment(s)

Monthly Report for October 2025

Monthly Report for October 2025

As we enter the final quarter of 2025, the New Zealand property market is gradually emerging from its winter slowdown. Overall, the market shows signs of a moderate recovery, though conditions remain largely in favour of buyers.

Recent surveys suggest that first-home buyers continue to be the main so...

05/11/2025 10:33:38 - Comment(s)

Monthly Report for September 2025

Monthly Report for September 2025

As of September, house prices have remained broadly stable, while economic data has been relatively weak. The larger-than-expected GDP contraction in Q2 raised concerns in the market, though seasonal factors played a significant role, and signs of improvement have already emerged in Q3. At the same ...

30/09/2025 13:17:50 - Comment(s)

Monthly Report for August 2025

Monthly Report for August 2025

This month, the Official Cash Rate (OCR) was lowered to 3%, and all major banks cut the mortgage rates as well. The 6-month fixed rate has dropped to 4.99% p.a., and the 1-year fixed rate is now 4.72% p.a.. Notably, banks did not lower rates all at once but instead opted for multiple incremental red...

03/09/2025 10:35:17 - Comment(s)

Monthly Report for July 2025

Monthly Report for July 2025

Despite growing speculation, the Reserve Bank kept the Official Cash Rate (OCR) unchanged in July, and the property market continues to move cautiously. While overall sentiment remains subdued, mortgage activity is gradually picking up.

Due to increased demand, Westpac and BNZ are currently onl...

30/07/2025 10:57:22 - Comment(s)

Monthly Report for June 2025

Monthly Report for June 2025

With the Official Cash Rate (OCR) continuing its gradual decline, New Zealand’s housing market is showing signs of a mild recovery. Yet price gains remain muted and overall activity is still range-bound. Below is our summary of June’s housing market and mortgage rate.

June Market summary

1...

07/07/2025 12:11:22 - Comment(s)

Monthly Report for May 2025

Monthly Report for May 2025

On May 28, the Reserve Bank of New Zealand lowered the Official Cash Rate (OCR) by 25 basis points, from 3.5% to 3.25%. In response, the four major banks also reduced their lending rates.

As interest rates fall, the property market is gradually recovering. Buyer confidence has improved, and we’ve see...

06/06/2025 10:37:09 - Comment(s)

Monthly Report for April 2025

Monthly Report for April 2025

We hope you had an enjoyable and restful break over the Easter and ANZAC Day holidays.

In April, the Reserve Bank of New Zealand lowered the Official Cash Rate (OCR) by 25 basis points as expected. All four major banks followed with rate cuts about a week later. Further rate reductions—possibly...

07/05/2025 09:32:40 - Comment(s)

Monthly Report for March 2025

Monthly Report for March 2025

Summary

March was an active month across the board. We saw a notable rise in mortgage applications, particularly from investors preparing to re-enter the property market. At the same time, lending turnaround times at the major banks have slowed, reflecting a clear increase in buyer demand.

This uptick...

04/04/2025 13:21:28 - Comment(s)

Monthly Report for February 2025

Monthly Report for February 2025

In February, the Reserve Bank of New Zealand lowered the OCR to 3.75%, mainly because inflation remains within the central bank’s target, currently at 2.2%.

The central bank aims to use this reduction in OCR to gradually support economic recovery. Although the unemployment rate is still high, i...

13/03/2025 10:06:57 - Comment(s)

Monthly Report for January 2025

Monthly Report for January 2025

Summary

From the data of the company in January, the number of customers buying investment properties and those taking out loans to purchase businesses are gradually increasing. This is because interest rates are slowly decreasing, and many investors are hoping to buy suitable investment proper...

28/02/2025 12:59:33 - Comment(s)

Monthly Report for November 2024

Monthly Report for November 2024

Summary

As Christmas approaches, the team at NZ Pathfinder Mortgage would like to wish you all a Merry Christmas and Happy New Year in advance. We will be closed from 24/12/2024 and will resume work on January 6.

On November 27, the Reserve Bank reduced the OCR (Official Cash Rate) by 50 b...

28/02/2025 12:49:33 - Comment(s)

Monthly Report for October 2024

Monthly Report for October 2024

Summary

Due to the United States lowering its benchmark interest rate by 50 basis points in September, the NZ Reserve Bank also reduced the OCR by 50 basis points as expected on 09 October. The four major banks sequentially lowered their loan interest rates in October. More importantly, all fou...

28/02/2025 12:39:41 - Comment(s)

Monthly Report for September 2024

Monthly Report for September 2024

September passed quickly. And the biggest news in this month was the U.S. central bank cut the interest rate by more than expected. US Federal Reserve cut 0.5% to a range of 4.75%-5% amid decelerating inflation and slightly softer labour market date.

Prior to the US central bank’s r...

09/10/2024 14:06:31 - Comment(s)

AIA's 3 Months Free Insurance Offer

AIA's 3 Months Free Insurance Offer

AIA believe in not just protecting lives, but improving them every day. They are dedicated to helping New Zealanders live Healthier, Longer, Better lives, and now they’re making it easier for you to protect what matters most—your family, lifestyle, and financial wellbeing.

As New Zealand’s leading li...

01/10/2024 08:00:00 - Comment(s)

Monthly Report for August 2024

Monthly Report for August 2024

On 14th of Aug, the Reserve Bank reduced the OCR from 5.5% to 5.25%. In response, the four main banks also reduced the home loan rates, currently home loan rate for 6 months has not changed significantly, banks have lowered home loan rates for other terms. Banks also reduced the test rate, so ...

04/09/2024 14:52:34 - Comment(s)

Monthly Report for July 2024

Monthly Report for July 2024

In July, 4 main banks started to reduce the loan interest rates. Although the reduction is not substantial, but the frequency of cuts is increasing rapidly. That means the central bank may lower the OCR in November this year.

Also, NZ Government amended the CCCFA policy, Lenders will have more flexib...

06/08/2024 10:42:05 - Comment(s)

Monthly Report for June 2024

Monthly Report for June 2024

Summary

Due to weaker-than-expected data in the New Zealand real estate market in May, ANZ has revised down their forecast for this year's house price growth to 1%, from the previous expectation of 3%. After seasonal adjustments, the REINZ House Price Index decreased by 0.4% in May, with major ...

09/07/2024 11:01:24 - Comment(s)

Monthly Report for May 2024

Monthly Report for May 2024

Summary

The central bank and the government introduced several policies in May that will have a significant impact on the housing market.

The first one is the government's announcement to cancel the first home grant provided by Kainga Ora. This policy change may have a significant impact on many...

11/06/2024 13:27:46 - Comment(s)

Subscribe to RSS Feed

Categories

Tags