New Zealand’s housing market is going ballistic, defying economic forecasts and historic trends. Michael Andrew asks the experts what’s causing the clamour and what it means long term. Six months after Covid-19 first reached our shores, New Zealand’s economy has officially moved into recession. GDP is down 12.2% – the largest drop on record – … Read more
Simplicity has fired a shot across traditional mortgage providers’ bows – and says if you think home loan rates are as low as they can go, you ain’t seen nothing yet. Mortgage rates could be a whole lot lower, argues KiwiSaver provider Simplicity which has launched the cheapest home loan in the market. From November … Read more
Adrian Orr has brought out the big guns to put a sorely needed bomb under the New Zealand economy and now the government needs to do its bit, a top economist says. The Reserve Bank’s decision to slash interest rates is a good move that shouldn’t come as a surprise, Kiwibank chief economist Jarrod Kerr … Read more
It already looked like the housing market could take off again, and then the Reserve Bank went and made that a whole lot more likely. David Hargreaves analyses the forecasts, in this piece originally published on Interest.co.nz. It may seem the height of absurdity to talk about the possibility of the house market taking off … Read more
Buying your first home is confusing, stressful, and a huge financial decision – and nobody knows that better than those who have actually done it. Here’s The Spinoff’s advice, gleaned from sometimes brutal first-hand experience. Buying a home is intimidating. Buying your first home can be terrifying. Once the adrenaline rush from bidding at the … Read more