Bollard leaves rates steady - OCR stays at 2.5pc
Interest rates have been left on hold by the Reserve Bank this morning. Market watchers, which were expecting no change, are now looking for signs that they may start rising again early next year.
29
Oct
28
Oct
Rodney's Ravings
Rodney's Ravings: House and section prices, affordability and international competitiveness. Low mortgage interest rates and a sharp upturn in net migration/population growth have temporarily disguised the affordability problem in the housing and section/land markets. The stimulus to section demand from low interest rates and above average population growth is still working its way around the country.
21
Oct
Housing market shows upturn
An indicator of the housing market firmed in September, led by Wellington and Auckland. The Mike Pero Mortgages - Infometrics property cycle indicator lifted to 6.99 last month from 6.66 in August.
19
Oct
Take a breath before you buy
Potential home buyers may be feeling the sun on their faces in the next few weeks as they venture out into open home territory for the spring sale season. Real estate agents will be telling them to get in now before prices rise and will hustle them into quick offers on the grounds that properties are selling fast and supply is tight.
19
Oct
Property sales jump 10pc in September
The first month of the 'spring selling season' saw the the number of houses sold jump 10 per cent from the month before, while the national median house sale price was steady, rising 0.9 per cent.
