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October 2017 Auckland Residential Market

October 2017 Auckland Residential Market: The usual spring pick up in the property sales appears to be delayed. House values are growing at their slowest in five years. Nationwide it is under 5% and Auckland is just under 3%. The Auckland residential properties increased by just .8% for the year. The average value for the Auckland region is $1,039,066.00. The post-election impact on the property market... [Read more ...]

Auckland Property Market

May 2017 Auckland Property Market: The Auckland housing market continued to drop in prices slightly through March and April. QV reported that the values in Auckland dropped 0.4% up to the end of April. Barfoot and Thompson reported volumes of properties in Auckland fell to their lowest level since April 2008. The reason for the drop in volume and price of Properties in Auckland is due to: John Key... [Read more ...]

Interest Rate Update for March 2016

Home Loans Today Mortgage Interest rate update for March 2016 March Interest rates: Variable Interest rates 5.65% 1 Year Fixed rate 4.15% 2 Year Fixed rate 4.39% 3 Year Fixed rate 4.65% 5 Year Fixed rate 5.15% Reserve bank dropped the floating rate 2.25%. Most of the large banks did drop their floating rates by .20%. This means they did not pass on the full interest rate drop to their customers. These... [Read more ...]

Home Loans Today Interest Rate review for June 2015

Home Loans Today Interest Rate Review for June 2015 The Reserve Bank surprised most economists and at least half the financial markets by cutting the Official Cash Rate (OCR) by 25 basis points to 3.25% on June 11. It also forecast another 25 basis point cut later in the year, with some expecting it as early as July 23 and others seeing a third cut in early 2016. Governor Graeme Wheeler argued the... [Read more ...]

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