Property Journal
Property Journal
Property Journal
What the home loan shake-ups really mean for the housing market 1. Loan to value rules are about to ease Last week, the Reserve Bank of New Zealand (RBNZ) announced their intention to slightly loosen the loan to value ratio rules (LVRs) on June 1. It wasn’t a surprise that this is their plan, but…
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In the March quarter, Housing transfers to foreigners accounted for 0.4% of the total This year, in the first quarter, a total of 24,297 housing transfers were included in a total of 33,342 real estate transfers nationwide. Of the housing transfers, cases without New Zealand citizenship or permanent residency accounted for 0.4%, which was…
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House prices continue to fall, April property listings well down It was revealed that the housing market is continuing to slow down as new real estate listings recorded the lowest level ever last month. According to data from realestate.co.nz, the number of new real estate listings in the market decreased nationwide in April. The…
Read MoreBuyers using building reports as a price weapon Harcourts agent David Ding, whose Glenfield and Hillcrest patch is focused on homes around the $900,000 to $1m mark, said he is still seeing a lot of buyers sitting on the fence. “They’re still waiting for prices to drop 5% to 10% although there are those…
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