Pullback from the war shock continues Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 57 responses. The main themes to come through from the statistical and anecdotal responses include the following. While investors remain
Read More »Finance Demand is still relatively quiet Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 58 responses. The main themes to come through from the statistical and anecdotal responses include the following. Overall demand for
Read More »Market quietens down amidst Middle East concerns Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 41 responses. The main themes to come through from the statistical and anecdotal responses include the following. Many first
Read More »Banks open the doors some more Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 59 responses. The main themes to come through from the statistical and anecdotal responses include the following. Banks have reignited
Read More »Fixing two years strongly preferred Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 44 responses. The main themes to come through from the statistical and anecdotal responses include the following. Some slight easing of
Read More »Buyer’s market remains in force Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 49 responses. The main themes to come through from the statistical and anecdotal responses include the following. There are few major
Read More »Healthy start to the year Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 54 responses. The main themes to come through from the statistical and anecdotal responses include the following. First home buyers are
Read More »1.5% cashback deals blow out processing times Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 51 responses. The main themes to come through from the statistical and anecdotal responses include the following. Brokers are
Read More »More buyers stepping forward Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 49 responses. The main themes to come through from the statistical and anecdotal responses include the following. Brokers note seeing more first
Read More »Young buyers still dominate the market Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 58 responses. The main themes to come through from the statistical and anecdotal responses include the following. First home buyers
Read More »Borrowers favour one-year fixed rates Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 52 responses. The main themes to come through from the statistical and anecdotal responses include the following. Falling test rates are
Read More »Quiet mortgage market conditions Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 63 responses. The main themes to come through from the statistical and anecdotal responses include the following. Brokers continue to report slow
Read More »Young buyers and investors still seeking advice Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 52 responses. The main themes to come through from the statistical and anecdotal responses include the following. There continues
Read More »Caution returns to the mortgage market Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 52 responses. The main themes to come through from the statistical and anecdotal responses include the following. There is some
Read More »Caution returns to the mortgage market Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 56 responses. The main themes to come through from the statistical and anecdotal responses include the following. Brokers are very
Read More »Caution returns to the mortgage market Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 52 responses. The main themes to come through from the statistical and anecdotal responses include the following. Bank turnaround times
Read More »Activity levels picking up Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 70 responses. The main themes to come through from the statistical and anecdotal responses include the following. Activity levels have picked up
Read More »Banks opening the lending window Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 69 responses. The main themes to come through from the statistical and anecdotal responses include the following. Banks have cleared mortgage
Read More »High frustration at bank delays Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 58 responses. The main themes to come through from the statistical and anecdotal responses include these. Brokers are more and more
Read More »Spring bounce in demand Each month we invite mortgage advisors around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey has attracted 75 responses. The main themes to come through from the statistical and anecdotal responses include these. Brokers have become very frustrated about
Read More »Strong buyer demand evident Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 59 responses. The main themes to come through from the statistical and anecdotal responses include these. Bank turnaround times for
Read More »More buyers making enquiries Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 51 responses. The main themes to come through from the statistical and anecdotal responses include these. Lenders are becoming more
Read More »Buyers return Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 65 responses. The main themes to come through from the statistical and anecdotal responses include these. Buyers are returning to the residential
Read More »Buyers still cautious Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 58 responses. The main themes to come through from the statistical and anecdotal responses include these. A few more investor buyers
Read More »Buyers more cautious Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 54 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers are backing
Read More »Buyers still cautious Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 46 responses. The main themes to come through from the statistical and anecdotal responses include these. Amidst deepening concerns about job
Read More »Buyers more cautious Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 51 responses. The main themes to come through from the statistical and anecdotal responses include these. Buyer interest in residential property
Read More »Buyers edge back Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 54 responses. The main themes to come through from the statistical and anecdotal responses include these. Buyer interest in residential property
Read More »First home buyers back Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 53 responses. The main themes to come through from the statistical and anecdotal responses include these. While first home buyers
Read More »First home buyers back Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 56 responses. The main themes to come through from the statistical and anecdotal responses include these. Banks are slightly easing
Read More »Investors increasingly present Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken this week, attracted 57 responses. The main themes to come through from the statistical and anecdotal responses include these. The extent to which advisers
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Policy change to boost housing market The coalition government has now been formed and we have some new insights into the operating environment which people in the housing sector will face in the next few years. Specifically, the restoration of interest expense deductibility for property investors at an 80% level will return from April 1
Read More »Investors slowly returning. Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 75 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers remain actively
Read More »Strong first home buyer interest Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 75 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers
Read More »Interest rate falls still not imminent In my last column two months ago I rather cheekily wrote at the start “Maybe we’ll be right this time.” I was referring to the way in which all of our expectations regarding inflation and the levels to which interest rates would go have been wrong for the past
Read More »Investors return Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 85 responses. The main themes to come through from the statistical and anecdotal responses include these. The largest net proportion of brokers
Read More »First home buyers dominant Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 60 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers remain
Read More »Mortgage rates up – again. Maybe we’ll be right this time. That is probably the best way us analysts could start our reports regarding interest rates at the moment because our optimism these past few months regarding interest rates for home buyers peaking has been unfortunately misplaced. When I last wrote this column towards the
Read More »Strength remains Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 55 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers remain active in
Read More »Strengthening signs grow Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 53 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers are solidly
Read More »Mortgage rates have probably peaked Back on April 5 when the Reserve Bank surprised the financial markets by increasing the official cash rate 0.5% rather than the expected 0.25%, a lot of optimism about the rate peaking at the 5.5% level predicted by the Reserve Bank started to disappear. This loss of optimism accelerated in
Read More »Signs of a bottoming out Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 74 responses. The main themes to come through from the statistical and anecdotal responses include these. More first home
Read More »Banks more willing to lend Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 55 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers
Read More »Most NZ interest rates have peaked In my last column two months ago I noted that the factors affecting interest rates in New Zealand were starting to change and the potential for further increases in fixed mortgage rates was disappearing quite rapidly. I ventured the opinion that some buyers would start to return to the
Read More »First home buyers present Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 52 responses. The main themes to come through from the statistical and anecdotal responses include these. Borrowers are evenly split
Read More »First home buyers return Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 61 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers are
Read More »Peak pessimism passed. Back on October 18 when the annual inflation rate came out for New Zealand the number was a lot worse than expectations. At 7.2% the annual increase in the cost of living was well above market expectations for a 6.6% result. Expectations of tightening monetary policy led to a 0.5% round of
Read More »Buyer drought for summer persists Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 45 responses. This is lower than normal but understandable given the time of year. The main themes to come
Read More »More buyers withdraw Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 52 responses. The main themes to come through from the statistical and anecdotal responses include these. For the second month in
Read More »Mixing the fixing. These are the last words I wrote in my previous column two months ago. “For most people fixing one year will be optimal. But it would pay to recognise the huge uncertain factors in play by considering fixing some portion of one’s debt also for two years – or even longer for
Read More »Rate rise impact evident Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 62 responses. The main themes to come through from the statistical and anecdotal responses include these. The recent round of
Read More »First home buyers active Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 56 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers are
Read More »Things have changed somewhat in the interest rates space since the start of August. Between the middle of June when wholesale interest rates hit peaks and the start of August the prevalent view globally was that rate rises to date and those expected to come would be enough to safely get the inflation genie back
Read More »First home buyers back Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 68 responses. The main themes to come through from the statistical and anecdotal responses include these. First home buyers have
Read More »Turning of the tide Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 68 responses. The main themes to come through from the statistical and anecdotal responses include these. Advisers report that first
Read More »Early last year I noted the strength in the economy and how the Reserve Bank should be reacting to that by pulling back from their excessively loose monetary conditions. But with a focus on pushing the unemployment rate down to unsustainably low levels, excess reliance on economic models which don’t work, non-economic pursuits in areas
Read More »Conditions still tough Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted 68 responses. The main themes to come through from the statistical and anecdotal responses include these. We passed the peak credit
Read More »Conditions tough Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week, attracted a lower than usual number of responses at 42. Perhaps the sense of despair among some respondents is to blame. The survey
Read More »The Reserve Bank started raising its official cash rate in October last year and following the 0.5% rise on May 25 the rate now sits at 2.0%. This is the level at which many of us economists think the Reserve Bank is neither stimulating the economy nor restricting it. That is, 2% is considered to
Read More »Credit crunch slowly easing Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week and yielding 50 responses shows first home buyers are still wary but becoming slightly less so, lenders are becoming slowly more
Read More »Credit availability improves Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week and yielding 49 responses, (lower than usual because of Easter) shows bank willingness to lend has solidly improved over the past two
Read More »Up until the very early 1990s, if you were borrowing money to buy a house the only option was a floating mortgage rate. For a while in the 1960s into the 1970s a small number of people could access some low fixed rates. But for most of us the 1990s brought a new world where
Read More »Slight easing of the crunch Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey, undertaken last week and yielding 75 responses, shows that while investors continue to remain out of the market, the extent to which first
Read More »The credit crunch continues Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey undertaken last week shows weak results again across all our measures. All results from this month’s survey show a continuing dearth of credit flowing
Read More »CCCFA changes crush borrower hopes Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey undertaken last week shows weak results again across all our measures. A net 52% of the 69 mortgage advisors responding said that they
Read More »Credit crunch shuts out first home buyers Each month we invite mortgage advisers around the country to give insights into developments in the residential real estate market from their unique perspective. Our latest survey undertaken last week shows the weakest results for almost all our measures since the first survey was undertaken in June 2020.
Read More »First home buyers disappear Each month we invite mortgage brokers around the country to give insights into developments in the residential real estate market from their unique perspective. The first survey was undertaken in June 2020 just after the first nationwide lockdown ended and we could easily see from the responses the high level of
Read More »Lockdown impact eases Each month we invite mortgage brokers around the country to give insights into developments in the residential real estate market from their unique perspective. The first survey was done in June 2020 just after the first nationwide lockdown ended and we could easily see from the responses the high level of interest
Read More »Lockdown impact apparent This month’s survey of mortgage advisors throughout New Zealand has yielded 70 responses telling us the following. Banks remain as willing to lend on average this month as last month, but there is far more scrutiny being applied to client expenses and income sources than ever before. Low deposit loans are harder
Read More »Borrowers flock to three years This month’s survey of mortgage brokers around New Zealand received 65 responses with half before the Tuesday lockdown announcement and half after. Because the survey asks advisors about what they are seeing we would not expect observations to shift – and broadly results are similar for the two groups. They
Read More »Investor withdrawal slowing Each month since June last year we have surveyed mortgage advisors throughout New Zealand asking them what they are seeing. The responses which these advisors can provide give us early insight into changes that are happening in buyer behaviour in particular, well before such changes show up in any of the official
Read More »Caution continues Each month since June last year we have surveyed mortgage advisors throughout New Zealand asking them what they are seeing. The responses which these advisors can provide give us early insight into changes that are happening in buyer behaviour in particular, well before such changes show up in any of the official datasets.
Read More »Investors wait and see Each month since June last year we have surveyed mortgage advisors throughout New Zealand asking them what they are seeing. The responses which these advisors can provide give us early insight into changes that are happening in buyer behaviour in particular, well before such changes show up in any of the
Read More »Investors step back. Each month since June last year we have surveyed mortgage advisors throughout New Zealand asking them what they are seeing. The insights which these advisors can provide give us early insight into changes that are happening in buyer behaviour in particular, well before such changes show up in any of the official
Read More »Buyers backing off. Each month since June last year we have surveyed a number of mortgage advisors throughout New Zealand asking them what they are seeing. The insights which these advisors can provide give us early insight into changes that are happening in buyer behaviour in particular, well before such changes show up in any
Read More »Investors Back Off – Slightly. Apart from sports competitions at certain times of the year, there is perhaps more attention paid to developments in the residential real estate markets around New Zealand than any other subject. In discussions about the markets commentators and analysts have substantial bodies of data to choose from including from REINZ,
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