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Recent updates

Archive: 2008

Forced sales double

A growing number of homeowners and property investors are being forced by their bank or finance companies to sell their properties through a mortgagee sale
18-08-2008 more >>

Mortgage scam victims speak out

A nutritionist, mortgage broker, real estate agent and office receptionist told how they were all victims of the mortgage scam run from a Mt Albert real estate office.
14-08-2008 more >>

Fragile market

New Zealand's first reduction in official interest rates for five years has delivered some cuts to mortgage rates. But some rates have gone up, underlining the fragile state of the mortgage market.
08-08-2008 more >>

Accidental landlords flooding the market

Auckland rents are tumbling as disappointed vendors pull their houses off the market and flood the city with flats.
07-08-2008 more >>

Estate agents back in demand with sellers

Cautious vendors are more likely to enlist a professional real estate agent to sell thier properties in the prsent housing market rather than sell it themselves, a study finds
05-08-2008 more >>

The Political & Regulatory Report

TAXATION (International Taxation, Life Insurance, & Remedial Matters) Bill The Tax Bill was introduced to Parliament on 23 July.
05-08-2008 more >>

Property drought worsens during the wet months

There aren't enought homes on the market to satisfy cashed up buyers, says one of the big Auckland real estate firms.
05-08-2008 more >>

NZ business gets even gloomier, says bank survey

Business confidence has worsened in the National Bank Business Outlook July Survey.
01-08-2008 more >>

Thomas Chin's July Report

The first readings of the Residential Tenancies Act Amendment Bill and the Unit Titles Bill have again been stalled but there has been some progress on other bills.
01-08-2008 more >>

Rate cut provides lid

New Zealand's first reduction in official interest rates for five years has delivered some cuts to mortgage rates. But some rates have gone up, underlining the fragile state of the mortgage market.
01-08-2008 more >>

August '08 Issue

  • How to Master this market.
  • Tirau investor Henry Clothier
  • Four clever ways of using leverage
    01-08-2008 more >>
  • Ratepayers likely to face $2m leaky homes bill

    Twelve Takapuna townhouse owners have been awarded more than $2million to fix their leaky buildings - ant the North Shore City Council is expected to foot the bill.
    31-07-2008 more >>

    Banks fall into line on mortgage rates

    The main banks have followed ASB's lead in chopping the most popular interest rate with home owners two-year fixed to 8.95 per cent.
    31-07-2008 more >>

    Trading places in a tight market

    The "trade" market, in which sellers and buyers offer to exchange properties or other assets to help conclude a property transaction, is coming back into prominence again.
    27-07-2008 more >>

    OCR reduced to 8.00%

    The Reserve Bank today reduced the official cash rate (OCR) from 8.25% to 8.00%.
    25-07-2008 more >>

    Bollard cuts interest rates - but what will the banks do now?

    The Official Cash Rate was this morning cut for the first time in five years but homeowners might have to wait for their mortgage rate to follow suit.
    24-07-2008 more >>

    Buying a house 'more than twice as dear as renting'.

    Buying a house is now almost two to two and a half times as expensive as renting, according to figures to be presented at a seminar today.
    22-07-2008 more >>

    Get rent wise

    Becoming a landlord in a slow property market can be daunting particularly if you don't know the first thing about tenancy law.
    19-07-2008 more >>

    Rollercoaster rates

    Borrowers face renewed uncertainty over the future direction of home loan rates following events of recent days in New Zealand and overseas. The general direction of rates is still downward but the descent looks set to include some hairpin bends.
    18-07-2008 more >>

    President's July Report

    Code of Ethics launched. New Landlord of the Year Award. Comments to politicians on RTA Amendment Bill. Online transaction facility organised. High profile speaker’s tour of 7 Associations.
    17-07-2008 more >>

    Kiwis told to be wary of Aussies bearing gifts

    High profile Australian property investor and author Michael Yardney warns New Zealanders they could be ripped off by Australian property marketers
    16-07-2008 more >>

    Veda Advantage releases six-month economic review as times get tougher for Kiwis

    New Zealand's largest credit information provider today released its first biennial snapshot of the NZ economy, based upon comprehensive information collated from its Credit Bureau.
    16-07-2008 more >>

    Property keeps falling - June prices down 2 percent.

    The winter housing slump is showing no sign of abating, with median prices falling by 2.15 per cent in June - from $345,000 in May to $340,000 according to official numbers released today by the Real Estate Institute.
    11-07-2008 more >>

    Make it short

    Finally it seems there is some good news for borrowers at the moment. After a long period of rising home loan rates there are clear signs that things area turning around.
    11-07-2008 more >>

    Investors seek farm exposure

    Growing investor demand for exposure to the booming dairy industry is expected to stimulate New Zealand Exchange (NZX) listings, with six diary company floats likely within the next three years.
    10-07-2008 more >>

    Results: 101-125 of 194

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