Home Loans - July 25th How Much to Build a New House in NZ? How Much to Build a New House in NZ? In this article we cover: Median cost of buying an existing house in NZ Rising cost of building a new house We're building more, smaller homes …
First Home Buyers - July 23rd SBS Bank the Best for First Home Buyers Over the past three years, economic conditions have conspired against first home buyers. A weak economy, job insecurity and high interest rates have put many Kiwis’ home ownership plans on ice. However, throughout this period, …
First Home Buyers - July 21st Lowest Mortgage Rates in NZ If you're looking for the lowest mortgage rate, it's essential to shop around. After six years of cuts to the Official Cash Rate (OCR), in October 2021, the Reserve Bank (RBNZ) started to lift the …
First Home Buyers - July 18th Mortgage Cashbacks: What’s On Offer? Canstar explores the current mortgage cashbacks on offer from the banks, and checks to see how the deals stack up. Mortgage Cashbacks While some banks make a big show of their first home buyer deals, it's worth …
Home Loans - July 17th When Will Interest Rates Go Down? When will interest rates go down? It's a question on the lips of any homeowner with a mortgage. Between November 2021 and May 2023, the Reserve Bank (RBNZ) lifted the Official Cash Rate (OCR) from …
Home Loans - June 21st Squirrel: What Do the new DTI Limits Mean for Borrowers? Almost nine years after the Reserve Bank of New Zealand (RBNZ) first tossed around the idea of implementing DTI (or debt-to income) lending restrictions in New Zealand, DTIs are finally happening. The new DTI rules will …
Home Loans - June 7th What is the Average Home Loan in New Zealand? Over the past few years, the mortgage and housing markets in NZ have been on a wild ride. As the Official Cash Rate was slashed to a record low of 0.25%, mortgage interest rates slumped. …
Home Loans - June 5th Low Deposit Home Loan: What are Low Equity Premiums? Recent rule changes around mortgage lending to borrowers with small deposits means it's easier to secure a low deposit loan. However, if you've only got a small deposit, it's likely you'll have to pay more …
First Home Buyers - June 4th What is a Loan-to-value Ratio (LVR)? Loan-t0-value ratios (LVRs) were first introduced in 2013 in an attempt to cool the overheated property market. Over the years, they've been amended a few times. They were removed entirely in response to the economic impact …
First Home Buyers - June 4th What Are Debt-to-income (DTI) Ratios? In an attempt to further strengthen financial stability in New Zealand, the Reserve Bank of New Zealand (RBNZ) has introduced new debt-to-income (DTI) restrictions on banks' mortgage lending. But what are DTI ratios and how will …