4.95% 1 Year Fixed Widely Available

Most of the major lenders are currently offering 1 year home loan fixed interest rates of 4.95%, most with various conditions attached, such as being being financed at under 80% of the properties value.

The Auckland property market, as widely reported, continues to truck along.  At auction yesterday a 3 bedroom 158 sqm brick and tile unit in Rewi Rd, Royal Oak, was knocked down at $803,000.

This was followed by committed bidding on a “character brick homestead” on a corner site of 1012 sqm at Astley Avenue in New Lynn.

Eventually selling for $831,000, the young couple who tried to slow the bidding down by bidding $1,000 when the bid was at $560,000, were presumably left to ponder another weekend of open homes.