NZ’s largest bank the ANZ has cut their Fixed Interest Rates with 6 months fixed right through to 5 years fixed all getting a trim.
A number of “Specials” are also available for those with 20% equity. 1 year 5.59% p.a. a drop of -0.10%. 2 years 5.75% p.a. And 3 years 5.99% p.a.
The Auckland property market continues to amaze with a modest 1980’s townhouse on 295 sqm in Springwood Place off Balmoral Rd, selling at a competitive auction for $1,080,000 recently.