Articles In ‘News’ Section
House affordability improves »
New Zealand home loan affordability improved slightly in January after a fall in median house prices more than offset a small increase in fixed mortgage rates, acccording to interest.co.nz's home loan affordability report. Wellington saw the biggest improvement in affordability followed closely by the region around Queenstown as median prices [...]
Capital Growth Still Available From Real Estate »
The following 2 quotes from BIS Shrapnel send a great message to the investment community in my opinion. For quite some time now I have spoken about the growing population and what that will do to the property markets, if you add in dwelling completions declining to a rate of only 60% of what is needed to supply our countries growth then that [...]
OCR Stays At 2.5 percent »
The latest news this morning from the Reserve Bank is that the OCR is unchanged and remains at 2.5 percent Alan Bollard, the Reserve Bank Governor said: "The outlook for the New Zealand economy remains consistent with the projections underlying the December Monetary Policy Statement." He continued with "Global activity continues to [...]
Tauranga, Auckland Among World’s Most Pricey »
This particular article caught my eye in the Herald today probably because of the fact that 3 of the places they talk about i.e Tauranga (basically the Mount), Auckland and the Gold Coast are where I am based. The article follows and I have interjected occasionally with my comments in italic and preceded with tpr: Tauranga is in the top 20 [...]
Property developer pleads poverty »
Property developer pleads poverty By GARRY SHEERAN - Sunday Star Times | Sunday, 01 February 2009 Property developer Dan McEwan is claiming debts of more than $100 million as he faces sentencing for breaking the Securities Act with two property schemes. The criminal convictions - two against McEwan personally and a further three against [...]
Good News Thursday »
We expect to keep the OCR at or below the current level through until the latter part of 2010. The OCR could still move modestly lower over the coming quarters." - Alan Bollard "Dwelling consent numbers fell in seasonally adjusted terms in March, with the number issued last month 30.4 percent lower than a year earlier. Statistics New Zealand [...]
