Blog tagged as Mortgage

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

By Pracca

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)

Monthly Report for April 2024

By Pracca

Summary

Currently, the Reserve Bank of New Zealand is maintaining the OCR at 5.5%. New Zealand's economy is experiencing a very slow growth, with rising unemployment rate, yet prices have not fallen as expected. The inflation rate is more stubborn than expected. More and more borrowers are feeling th...

03/05/2024 16:05:52 - Comment(s)

House market summary for March 2024

By Pracca

March is quickly coming to the end, I hope everyone will have a good rest during the easter holiday and stay safe.

In March, ANZ, ASB and BNZ lowered their home loan rates. This indicates the economy is slowing down under higher home loan rates.

Few large companies also are restructu...

04/04/2024 12:01:52 - Comment(s)

Celebrate Lunar New Year with NZ-PF Team

By Pracca

As we usher in the auspicious Year of the Dragon, NZ-PF Team extends heartfelt wishes to all celebrating Lunar New Year! This joyous occasion symbolizes new beginnings, prosperity, and familial bonds.

At NZPF, we understand the importance of safeguarding what matters most to you. As you gather ...

10/02/2024 08:00:00 - Comment(s)