Auckland home prices are up more than 20 per cent in the past year. If you’re a buyer from China or the US, they’re not. The slump in New Zealand’s currency has made properties in the country’s largest city a bargain for foreigners, creating a headache for central bank Governor Graeme Wheeler, who has been…
Read MoreThe Reserve Bank (RBNZ) recently proposed a 70% LVR restriction for investors in the Auckland property market. While it was tempting to jump straight out of the gates with a comment, we thought it would be more useful to wait for the RBNZ’s discussion document and provide a deeper analysis of their announcement. In this…
Read MoreDespite what we might have called “pre-election jitters” dampening the market a tad, the housing market rebounded in October, and is lining up for a strong finish to the year. Increased mortgage lending that is recovering from 2 year lows, cuts to fixed mortgage rates, and net migration at record highs all provide strong support.…
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When Will The Dam Burst?
In property, as in all forms of investment, it’s important to have a long-term view and bear in mind lessons from the cycles we’ve been through before. The voices of alarm we’re hearing from some pundits now, takes me back to 2011. Then, we were four years into the life of Erskine + Owen and…
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