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Kiwis rush to fix their loans
Homeowners are rushing to fix their mortgage interest rates after the second cash rate increase in as many months.
Homeowners are rushing to fix their mortgage interest rates after the second cash rate increase in as many months.
The Reserve Bank has increased the Official Cash Rate by 25 basis points to 3 per cent this morning.
Community and iwi groups have asked the Govt to sell them up to a fifth of the country's 69,000 state houses at a discount of up to about half of market values.
Interest rates could peak at a level which would see first-home buyers in Auckland spending two-thirds of household income paying the mortgage.
The proportion of house sales to first-home buyers has gone down in 90 Auckland suburbs since the Reserve Bank's mortgage lending limits came in.
A real estate agency boss has backed a call this week by finance minister Bill English to relax rules designed to stamp out so-called "shoebox apartments".
'Cave' dwellers will officially get top priority for social housing under new rules that kicked in this week.
The Cornwall Park Trust Board has proposed a new "modern lease" to resolve long-running dissatisfaction from Greenlane and One Tree Hill residents.
PM John Key yesterday accepted there may be merit in gathering more data on foreign ownership of NZ housing as Opposition criticism mounts.
One of the world's biggest and oldest insurers is underwriting a new building warranty insurance scheme being launched in New Zealand.
A leader of Auckland's disabled community believes she may be in the first batch of 800 state house tenants being targeted for possible eviction.
Producers of The Block NZ may have chosen the wrong street for the next series as residents continue fighting the hit DIY show.
House prices around the country have hit a new high with the median price now topping $440,000 but sales are down 10% on last year. (+infographic)
First-home buyers may be squeezed out but property prices in Auckland remain high as one agency reports record average sale prices.
The hidden cost and hassle of going flatting has boosted business for a chain of new-style boarding houses on former suburban office sites.
The number of first-home buyers in the market has declined since mortgage-lending restrictions came in. So where are the worst-hit centres? Use our infographic.
Mortgage loan restrictions are making the "bank of Mum and Dad" so popular that one bank is running seminars on the best way for people to structure the deals.
The damage inflicted on US households by the collapse of the housing market and recession wasn't evenly distributed.
Property values increased at the slowest annual pace in six months in March as high-debt lending restrictions and interest rate hikes weighed on the market.
The bubble word is increasingly being used to describe residential property markets in many countries, writes Brian Gaynor.
City planners are eyeing almost 16,000 new homes across Greater Auckland - the equivalent of a town the size of Cambridge - to attack the city's housing shortage.
Auckland residential property sales rebounded strongly in March after a soft February, according to the city's largest realtor.
A luxury waterfront Herne Bay home has sold for $800,000 less than its dated valuation.
A "financial coaching" company which can avoid new mortgage-lending limits placed on banks is offering 100 per cent finance to families wanting to buy their first home.
An Auckland man who paid a former golfing buddy hundreds of thousands of dollars in "grossly" overcharged legal fees says the ordeal has cost him health and almost everything he owns.
Homeowners could save more than $90,000 over the life of their mortgages by shopping around, according to an analysis of 95 floating home loans.
A spokesman for the jailed South Korean developer says "personal" issues should not hinder or harm any of the business interests left behind here.
New Zealand is on a list of the top 10 most searched for countries by Chinese house-hunters, figures compiled from China's largest property search engine reveal.