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Reserve Bank of New Zealand (RBNZ) Stories - Page 7

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Reserve Bank of New Zealand (RBNZ) stories

Housing affordability at record lows
Bank of New Zealand

Housing affordability at record lows

Average household incomes rose just 1.3% last quarter, leaving New Zealand house prices at their least affordable level since records began in 2004.

By Michael Curreen • 6 min read • Fri, 26th Feb 2021
January sees slight dip in house prices
Northland

January sees slight dip in house prices

New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.

By Michael Curreen • 11 min read • Wed, 17th Feb 2021
LVR restrictions return to cool property market
Bank of New Zealand

LVR restrictions return to cool property market

House prices are likely to cool after the Reserve Bank reinstated loan-to-value curbs from 1 March amid stability concerns.

By Michael Curreen • 4 min read • Wed, 10th Feb 2021
These housing markets are making a comeback in 2021
Hybrid & Remote Work

These housing markets are making a comeback in 2021

New Zealand home values rose 2.2% in January as tight supply and low rates drove a rebound in Christchurch, Auckland and Queenstown.

By Michael Curreen • 7 min read • Wed, 3rd Feb 2021
Are property investors out of control?
Bank of New Zealand

Are property investors out of control?

Possible tighter rules could curb investor demand as mortgaged buyers regain a 27% share of the housing market, CoreLogic says.

By Michael Curreen • 7 min read • Sun, 31st Jan 2021
Final week to have your say on LVRs
Bank of New Zealand

Final week to have your say on LVRs

House buyers and investors face tighter mortgage rules from 1 March as the Reserve Bank warns high-LVR lending is rising again.

By Michael Curreen • 2 min read • Wed, 20th Jan 2021
Record low listings driving up house prices
Hybrid & Remote Work

Record low listings driving up house prices

Record shortages of homes for sale are fuelling the pressure, with New Zealand’s median house price climbing to a fresh high for the fourth month.

By Michael Curreen • 12 min read • Sun, 17th Jan 2021
21 predictions for 2021
Supply Chain

21 predictions for 2021

Low rates, fiscal stimulus and reopening borders should support New Zealand property values in 2021, though office and retail risks remain.

By Michael Curreen • 7 min read • Thu, 14th Jan 2021
UPDATED: RBNZ ascribes data breach to third-party file sharing service
Breach Prevention

UPDATED: RBNZ ascribes data breach to third-party file sharing service

Reserve Bank of New Zealand hit by data breach, compromising 'commercially and personally sensitive' information. Urgent investigation underway.

By Sara Barker • 3 min read • Mon, 11th Jan 2021
Top performing suburbs of 2020
Bank of New Zealand

Top performing suburbs of 2020

New Zealand’s housing boom lifted values in almost every main centre, with Auckland now boasting 117 suburbs above the NZD $1 million mark.

By Michael Curreen • 10 min read • Wed, 6th Jan 2021
Listings hit rock bottom after most sales in 13 years
Northland

Listings hit rock bottom after most sales in 13 years

A shortage of homes for sale is fuelling record house prices and leaving buyers with fewer options, despite the busiest November in 13 years.

By Michael Curreen • 6 min read • Mon, 14th Dec 2020
Why property has gotten political
Bank of New Zealand

Why property has gotten political

Affordability is worsening for first-time buyers as house prices outpace incomes, deepening the housing divide and fuelling political pressure.

By Michael Curreen • 5 min read • Thu, 3rd Dec 2020
Property market running red hot with listings alarmingly light
Northland

Property market running red hot with listings alarmingly light

Listings fell to record lows as buyers pushed Auckland’s median house price to GBP £1 million and nationwide sales hit a 14-year October high.

By Michael Curreen • 12 min read • Fri, 13th Nov 2020
Property values rising faster than pre-COVID levels
Trade Me

Property values rising faster than pre-COVID levels

Nationwide house prices climbed 1.3% in October as low rates and scarce listings kept demand ahead of supply.

By Michael Curreen • 7 min read • Fri, 30th Oct 2020
Return of LVRs a cruel blow to first home buyers
Bank of New Zealand

Return of LVRs a cruel blow to first home buyers

Record-low rates have lifted first home buyers to a 25% market share, but reimposed lending curbs could force many out again.

By Michael Curreen • 3 min read • Mon, 26th Oct 2020
Property market enters spring on the up
Bank of New Zealand

Property market enters spring on the up

Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.

By Staff Writer • 6 min read • Thu, 1st Oct 2020
Will house prices continue to rise as we enter recession?
Hybrid & Remote Work

Will house prices continue to rise as we enter recession?

Record house prices and strong sales are fuelling doubts over Treasury’s forecast of a 5% fall by June next year.

By Michael Curreen • 8 min read • Sun, 20th Sep 2020
Mortgage lending tightens up after peaking in July
Bank of New Zealand

Mortgage lending tightens up after peaking in July

Tighter lending criteria and renewed virus restrictions are likely to cool mortgage demand after July’s NZD $6.6 billion peak.

By Staff Writer • 3 min read • Thu, 3rd Sep 2020
Spring looking up as lockdown lifts
Trade Me

Spring looking up as lockdown lifts

Pent-up demand is expected to lift sales as Aucklanders return to the market after nearly three weeks in lockdown.

By Michael Curreen • 2 min read • Tue, 1st Sep 2020