Kapiti Financial Advice Limited – KiwiSaver and Investment
The Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Act 2022 became law on 9 May 2022. Most of the changes to the Act came into force this month. Unit title owners own a defined part of a building, such as an apartment, and share common areas such as lifts, lobbies or driveways … Read more
Kiwibank has launched a scheme through which family and friends can team up to turn the dream of owning a home into reality. This allow friends or whanau to buy a home with friends or family: Combine savings with friends or family to achieve the deposit goal faster The ability to share ongoing property related … Read more
A tale of two million-dollar cities The Real Estate Institute of New Zealand (REINZ) recently released their property market report for the month of September 2021. The median house price in the Wellington region increased by 13.7% over the year to $845,000. This was slightly lower than the August median price and is part of … Read more
COVID-19 restrictions had little impact on property prices in September The Real Estate Institute of New Zealand (REINZ) recently released their property market report for the month of September 2021. The data continues to reflect a tight market in which demand is still strong, amidst a pick-up in activity in those areas where lockdown restrictions … Read more
The Reserve Bank of New Zealand is to begin consultation on new proposals to tighten mortgage lending standards, including: Reducing the amount of lending banks can provide to owner-occupiers at a Loan to Value Ratio (LVR) above 80 percent – reducing the share from 20 percent of all new lending down to 10 percent. This … Read more
Sales volumes eased back a little in Q2. A continued lack of listings is still a restraining influence on volumes. However, data on valuations ordered by banks suggests demand has eased too. Buyer Classification data is showing a turning point in Q2. Investors share of purchases eased to 25%, with higher deposit requirements starting to … Read more
Earlier this week the Real Estate Institute of New Zealand (REINZ) released property market data for June. It came as no surprise to see that the data continued to reflect a tight market, squeezing further house price growth in a very stretched market. The national median price crept higher to $820,000, from $817,500 in May. … Read more
Earlier this week the Real Estate Institute of New Zealand released house price data for May reporting the familiar and increasingly concerning theme that house prices continue to rise. The Auckland region hit a new record house price again, of $1.148 million. Auckland City, North Shore City, Manukau City, Rodney District and Waitakere City all … Read more
BNZ economists expect price growth to soften in 2022 and 2023, but the longer inflation remains at current elevated levels the greater the chance that the housing market will be forced into a major correction. They have observed that: Population growth has weakened considerably House prices are simply becoming beyond reach Both the Reserve Bank … Read more
Late last week the Real Estate Institute of New Zealand reported that Auckland recorded a median house price of $1.03 million in November, after making history the previous month when hitting the million-dollar mark for the first time. Now Wellington City is hot on Auckland’s heels, recording a median house price of $980,000 in November, … Read more