Property prices jump $10k in September
National property prices rose by $10,000 in September, taking the median house price back to a record high reached earlier this year.
National property prices rose by $10,000 in September, taking the median house price back to a record high reached earlier this year.
Westpac has dropped its two-year fixed rate home loan but at the same time hiked its one-year rate.
Low-deposit mortgages will not only be harder to get from the end of this month, but they will be a lot more expensive.
New figures show national property prices were up $5,000 in August, taking the national median price to $390,000.
House prices dipped last month, says the Real Estate Institute, but the number of properties changing hands was up more than 10 per cent from the month before.
Auckland house prices rose for a third month in July as listings and sales jumped, according to Barfoot & Thompson, the city's biggest realtor.
The beginning of the end may have begun for record-low mortgage rates in New Zealand.
The number of New Zealand house sales slipped from a six-year high last month, but the national market is still being driven by Auckland and Christchurch.
Bill English says the Government is "considering formalising" proposals to restrict bank lending and other "tools" to control credit growth.
My adult daughter - my only child - has been living with her partner for nearly four years in a relationship that may or may not last - it seems to be up and down.
Moves to dampen surging house prices - especially in the Auckland market - came from two directions yesterday.
Debate about rising house prices in Auckland and elsewhere has included discussion on the risk weights the Reserve Bank requires banks to apply to their housing lending.
Banks are slashing their long-term mortgage rates, with customers tied up for longer periods likely to save thousands.
Mortgage approvals reached their highest levels in almost four years last month, as people rushed to make the most of low interest rates.
ANZ Bank sees no rush of customers to rivals with death of National brand.
Banks are dropping mortgage rates and offering cash sweeteners, loaded credit cards, payment of legal fees and tablet computers as they go to war for customers.
Govt has foiled an alleged BNZ KiwiSaver scheme which would have offered reduced scheme returns in exchange for mortgage benefits.
How would you feel if someone muscled in front of you in the queue at the bank? How would you feel if the manager actually encouraged queue-jumping? Bernard Hickey looks at bank assets.