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All tagged nz home loan rates
Is the market taking a breath and pausing or just taking a breath?
Observations from near and afar - reporting for duty.
In the last quarter, values are up as follows; Auckland 1.3% (North Shore-Onewa was up 2.5%), Wellington 3%, Christchurch 1.7%, Dunedin 8.6%, Invercargill 9.3%, Gisborne 6.7%, Rotorua 4.5%.
Auckland increasing is seen as a significant change - and with low listings, strong employment, and easier lending conditions, the suggestion from numerous observers is that it's going to continue.
Relying on the Finance Clause to renege on a deal? Things change this Friday
In recent weeks, banks have reduced their Servicing Test Rates resulting in more prospective borrowers being able to meet the criteria for borrowing than was possible in recent months/years gone by.
