The policy changes, proposed to take effect from 1 October, will: Require residential property investors in the Auckland Council area using bank loans to have a deposit of at least…
The policy changes, proposed to take effect from 1 October, will: Require residential property investors in the Auckland Council area using bank loans to have a deposit of at least…
The Reserve Bank, in looking to have some control over the Auckland property market without using interest rates, is consulting with market participants on a definition of "Property Investor". Its…
Barfoot and Thompson sold $8,574,015,963 worth of Residential Property in the 12 months to June 2014. This was up some $700M on the 12 months to June 2013. Interestingly this…
The Loan to Value restrictions introduced in October last year seem to have at least partly met the Reserve Banks goal of ensuring financial stability in the event of a…
The 4 bedroom renovated Villa sitting on 625sqm at 100 Marsden Ave, Balmoral, opened up at Auction yesterday @ $1,500,000 after having received a pre-auction offer at that level which…
In response to recent changes by the RBNZ, Westpac has launched a new construction loan package. First home buyers can catch a break as finance is being made available up…
New residential construction loans will now be exempt from the loan-to-value (LVR) restrictions introduced from 1 October, Reserve Bank Deputy Governor Grant Spencer said on Tuesday. “The Reserve Bank has…
A corner dairy in Mangere sold this afternoon at the Bayleys Total Property Auctions for $1,615,000. To be fair, it was actually three tenancies, a superette, a takeaway, and a…
Well, there has been a flurry of emailed updates from the major lenders over the past 6 weeks.. Fee's, interest rates, and credit policies have all been getting tweaked. (not…
Normal 0 false false false EN-NZ X-NONE X-NONE Confirmation came through yesterday from the Reserve Bank that from October 1st, only 10% of Banks new lending can be on a…