News Archive

Surge in KiwiSaver withdrawals for first home-buyers

Banks say many more first-home buyers have passed threshold to use scheme to get them into a property.   Mortgage lenders have noticed an upswing in the number of people withdrawing money from KiwiSaver for a first home. John Body, ANZ Wealth managing director, said 1248 of the bank’s »

LVR

The Reserve Bank today said that high loan-to-value ratio (high-LVR) residential mortgage lending had fallen to 5.6 percent for the six months to the end of March 2014. Deputy Governor Grant Spencer said: “Our initial assessment is that restrictions on high LVR lending helped reduce house price »

Lets Spring Into Action . . . .

Is your home your most valuable asset?      Is your home under insured? Up until last year it’s been normal to insure your home on the basis of total replacement cover. You would provide information to your insurance company about the size of your home and, if it was destroyed, then your »

Westpac are Winning!!

Westpac and Kiwibank won the market share war in the mortgage market during the March quarter, both boosting their shares slightly. Westpac has just about 20 percent of the market, while Kiwibank has just over 7 percent. The other three major banks all lost a small amount of market share during the »

Changes in the wind

It seems the banks are becoming more willing to consider loan applications for those without a 20 percent deposit…. Since the end of March one of the banks has increased their appetite to write business over the 80 percent LVR restriction. While it’s been made very clear that they »

Housing Pressures are easing

NEWS RELEASE    Date:9 May 2014 Pressures in the New Zealand housing market are easing gradually but risks remain, the Deputy Governor of the Reserve Bank, Grant Spencer, said in a speech today. “The volume of house sales has dropped considerably across the country, other than in Canterbury, and »

Comments – Labour Plan KiwiSaver Changes

Expect more heat in the property market if the Labour Party gets its way and makes the changes it’s proposing to the Reserve Bank Act. Tuesday, April 29th 2014, 9:54AM by Susan Edmunds – http://www.goodreturns.co.nz/article The party’s finance spokesman, David Parker, revealed this morning »

LVR Exemption

Reserve Bank issues LVR exemption for construction Date 28 March 2014 The Reserve Bank today published revised rules that exempt construction loans from the Loan-to-Value Ratio (LVR) ‘speed limit’ introduced last October. The exemption for construction loans was announced on 10 December last year »

Lotto Winner Spreads Joy

New Plymouth woman spreads joy after $1 million Lotto win Taranaki has a new millionaire after a New Plymouth woman claimed a $1 million prize she won with Lotto’s Christmas Promotion. While the winner had read in the paper that the hunt was on for Taranaki’s lucky millionaire, she didn’t think it »

Activity since New Year

The local Real Estate boys & girls have cranked up activating in the last week with a whole heap of changes taken place with a heap of new listings. There are also 110 Open Homes to view this weekend for all you considering a new home in 2014. So what has happened so far: 50 »

Welcome Home Loans & Open Homes

There are 81 properties today 12/12/2013 in “The List” under $300K and 41 of these are having an Open Home this weekend. If you are a first home buyer you only need 10% deposit with a Welcome Home Loan. KiwiSaver subsidy can be used in part to help get the 10% together. Let us help you get into »

RBNZ lifts restriction on New Builds

Reserve Bank exempts lending for new construction »

Two months under new LVR Regs

The change the Reserve Bank of New Zealand has made to high loan to valuation lending has had an effect and the Bank is seeing a reduction in this type of lending. In a press release at the end of November reviewing the first month of lending under the new rules the Bank reported that »

P – Landlords beware

Over recent weeks we have noticed a number of individuals who are up before the Court because of their involvement with the drug ‘P’. For those of you who don’t know what ‘P’ is, it is a Methamphetamine. It is potentially a very addictive drug and belongs to a group of »