The Banking Ombudsman is expecting the new loan-to-value speed limits to cause a spike in mortgage-related issues. The restrictions came into force yesterday and require banks to keep their low-deposit lending to no more than 10% of their new loans.
02-10-2013 more >>
After two years of growth, the trend for new house consents appears to be flattening, Statistics New Zealand says. That's not good news for Auckland, where a lack of supply is being blamed for soaring house prices. 02-10-2013 more >>
First-home buyers in the regions will be given a 10% deposit from the Government if they buy state houses that are not needed by the Government. The FirstHome initiative has been announced by Housing Minister Nick Smith. 01-10-2013 more >>