ASB pulls low deposit loan offers
ASB Bank has cancelled all pre-approvals for home loans over the 80 per cent loan to value ratio with effect from October 4.
ASB Bank has cancelled all pre-approvals for home loans over the 80 per cent loan to value ratio with effect from October 4.
Neighbours of a dilapidated Westmere home built by one of Auckland's pioneer architects fear parts of the property will collapse on young local children exploring the inside.
Low-deposit mortgages will not only be harder to get from the end of this month, but they will be a lot more expensive.
The Cornwall Park Trust Board has extended an olive branch to cash-strapped ground renters, offering to change the terms of 110 controversial leases.
Banks have already started tightening up their lending criteria for customers seeking low-deposit mortgages, despite new regulations not kicking in until next month.
A longer commute to the office was a fair trade-off for the Howard family when they swapped their Birkenhead townhouse for a 2ha Kaukapakapa lifestyle block in April.
Financially strapped home buyers are looking to Auckland's city fringes for affordable properties.
A family of seven had to leave their Greenlane house after ground leasehold payments rocketed from an annual $2045 to $35,000.
New figures show national property prices were up $5,000 in August, taking the national median price to $390,000.
Property valuer Quotable Value said this week house prices should keep rising for a further 15 months.
Young people are making mortgage inquiries at a record rate to beat home-loan restrictions which begin on October 1, a credit bureau says.
Legal disputes over property held in trusts after relationships break up will "go through the roof" if the Government picks up Law Commission recommendations, a leading trusts lawyer has warned.
First-home buyers priced out of the British market are increasingly looking to buy property in New Zealand, research shows.
Auckland's first special housing areas earmarked for fast-tracked residential developments could be announced this month.
Auckland house prices are still rising fast, as the Reserve Bank's loan-to-value ratio moves are about to be introduced next month.
Rising New Zealand property values accelerated last month as the lack of listings in Canterbury and Auckland continue to overheat the market.
Metropolis apartment owners were at one another's throats on the eve of today's crucial meeting to decide the central Auckland tower's fate.
An elderly Mangawhai couple who spent their funeral money to be connected to the town's new sewerage system were yesterday among residents fighting legislation that would force them to pay $17 million rates.
Is the pressure easing on the Auckland housing market? One economist thinks so, after the latest stats showed a largely flat property market.
The outlook for New Zealand's banks is stable but a housing bubble triggered by a low interest rate lending boom remains a key credit risk, according to Moody's.
The Auckland Council is scaling back intensification plans for the city weeks before October's local body elections.
Residents of the country's tallest apartment tower are due to meet at the end of this week to discuss issues which have dogged their property.
A rundown three-bedroom Auckland villa with a large hole in the toilet floor and watermarked ceilings has sold for $1.2 million.
The boss of an Australian non-bank mortgage lender says the pending cap on low deposit bank lending could be a catalyst for opening up the market to non-bank lenders.
Prospective home buyers have been rushing to get pre-approval for loans with less than a 20 per cent deposit before new regulations are brought in.