Tag: NZ housing market
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ASB and BNZ Lift Fixed-Rate Home Loans Ahead of Winter Mortgage Season
New Zealand banks push fixed-rate mortgage costs higher In a move mirroring recent shifts by Westpac and ANZ, ASB and BNZ have announced higher fixed-rate home loan terms. The changes affect several common fixed periods, signaling a cautious stance among lenders as they balance funding costs and borrower demand. For borrowers, this means reviewing mortgage…
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New Zealand’s Housing Market Edges Toward a Quiet Christmas
Overview: A soggy finish to 2025 The New Zealand housing market looks set for a soggy end to 2025, with November figures painting a picture of slower activity and prices moving in a narrow range. The latest data from the Real Estate Institute of New Zealand (REINZ) shows that sales cooled as buyers paused and…
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ANZ lifts NZ home loan rates as RBNZ stance tightens mortgage market
ANZ raises home loan rates amid shifting NZ mortgage landscape New Zealand’s largest bank, ANZ, has announced an increase to its fixed home loan rates, joining a broader move by lenders as the Reserve Bank’s current stance filters through the mortgage market. The decision to lift 18-month and two-year fixed-rate offerings by 20 basis points…
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NZ Housing Values Steady Overall, But Auckland, Whangarei, and Tauranga See Notable Drops
Overview: Steady across the nation with pockets of decline New Zealand’s housing market remained broadly flat in the three months to the end of October, with residential dwelling values down by 0.8% overall, according to the QV House Price Index. The national picture shows an average dwelling value of $902,020 at the end of October—essentially…