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First home buyers

First home buyers with less than a 20% deposit are paying more for a home than buyers with a full deposit, pushing up their mortgage risk profile for banks
29th Jun 22, 11:44am
66
First home buyers with less than a 20% deposit are paying more for a home than buyers with a full deposit, pushing up their mortgage risk profile for banks
Latest Reserve Bank figures show that while first home buyers are hanging tough, May saw the lowest total number of mortgages approved for a May - barring the pandemic affected May 2020 month
28th Jun 22, 3:28pm
7
Latest Reserve Bank figures show that while first home buyers are hanging tough, May saw the lowest total number of mortgages approved for a May - barring the pandemic affected May 2020 month
Infometrics says millennial first home buyers are signing up for a lifetime of debt and are likely to be much worse off than the baby boomers
23rd Jun 22, 5:00am
112
Infometrics says millennial first home buyers are signing up for a lifetime of debt and are likely to be much worse off than the baby boomers
Latest RBNZ lending figures show business borrowing growth is rising as housing borrowing growth is slowing
31st May 22, 3:31pm
3
Latest RBNZ lending figures show business borrowing growth is rising as housing borrowing growth is slowing
Latest Reserve Bank figures show the average-sized new mortgage hit a new record high of over $400,000 in April - while far fewer people were scrambling to borrow
26th May 22, 2:06pm
44
Latest Reserve Bank figures show the average-sized new mortgage hit a new record high of over $400,000 in April - while far fewer people were scrambling to borrow
[updated]
A number of borrowers who took out mortgages for the first time last year will struggle if mortgage rates rise as forecast, the Reserve Bank says
25th May 22, 2:49pm
82
A number of borrowers who took out mortgages for the first time last year will struggle if mortgage rates rise as forecast, the Reserve Bank says
NZ Bankers' Association figures show a significant rise in the latter half of 2021 in the numbers of mortgage holders shifting to interest-only payments
24th May 22, 12:17pm
56
NZ Bankers' Association figures show a significant rise in the latter half of 2021 in the numbers of mortgage holders shifting to interest-only payments
Kiwibank economists see mortgage rates ranging as high as 7.5% even though they don't see the OCR going as high as currently forecast
23rd May 22, 3:03pm
128
Kiwibank economists see mortgage rates ranging as high as 7.5% even though they don't see the OCR going as high as currently forecast
Latest figures show that having stretched themselves further and further in recent times new borrowers are now markedly stepping back from super-high borrowing levels
23rd May 22, 11:27am
60
Latest figures show that having stretched themselves further and further in recent times new borrowers are now markedly stepping back from super-high borrowing levels
Budget allows for an extra 7000 First Home Grants and 2000 extra First Home Loans every year
19th May 22, 3:30pm
20
Budget allows for an extra 7000 First Home Grants and 2000 extra First Home Loans every year
House prices at the bottom of the market now falling in every region, but first home buyers no better off due to rising interest rates
19th May 22, 10:00am
131
House prices at the bottom of the market now falling in every region, but first home buyers no better off due to rising interest rates
Latest Reserve Bank figures show net credit growth in the March quarter was the slowest since the third quarter of 2020
28th Apr 22, 3:51pm
1
Latest Reserve Bank figures show net credit growth in the March quarter was the slowest since the third quarter of 2020
The flow-on effects of Reserve Bank policies have effectively thrown first home buyers under the bus
28th Apr 22, 1:49pm
150
The flow-on effects of Reserve Bank policies have effectively thrown first home buyers under the bus
Submitters raise a series of questions and issues they wanted answered and resolved before the RBNZ rolls out a DTI tool
28th Apr 22, 10:04am
Submitters raise a series of questions and issues they wanted answered and resolved before the RBNZ rolls out a DTI tool
[updated]
Consumer NZ says the Bank of Mum and Dad is the fifth biggest owner-occupier lender in New Zealand
28th Apr 22, 8:26am
117
Consumer NZ says the Bank of Mum and Dad is the fifth biggest owner-occupier lender in New Zealand
[updated]
RBNZ to develop debt-to-income ratio framework for mortgage lending, but won't set banks' test interest rates at this stage
27th Apr 22, 10:37am
84
RBNZ to develop debt-to-income ratio framework for mortgage lending, but won't set banks' test interest rates at this stage
The country's banks see potential falls in house prices and inflationary pressures as factors that will continue to dampen demand for mortgages. Tighter lending standards will remain
26th Apr 22, 1:56pm
6
The country's banks see potential falls in house prices and inflationary pressures as factors that will continue to dampen demand for mortgages. Tighter lending standards will remain
Research done for the Retirement Commission appears to indicate that withdrawals to buy homes have had a big impact on retirement savings of young New Zealanders
6th Apr 22, 2:41pm
46
Research done for the Retirement Commission appears to indicate that withdrawals to buy homes have had a big impact on retirement savings of young New Zealanders
Latest Reserve Bank figures show slowing mortgage growth, but business lending is growing at its fastest rate since before the pandemic
31st Mar 22, 4:00pm
15
Latest Reserve Bank figures show slowing mortgage growth, but business lending is growing at its fastest rate since before the pandemic
Dramatic fall in the number of first home buyers taking out riskier, low deposit mortgages
25th Mar 22, 10:42am
138
Dramatic fall in the number of first home buyers taking out riskier, low deposit mortgages
Reserve Bank figures show February mortgage borrowing rose strongly from January's figures, but first home buyers are getting a smaller share of the lending
24th Mar 22, 3:57pm
66
Reserve Bank figures show February mortgage borrowing rose strongly from January's figures, but first home buyers are getting a smaller share of the lending
Banks are offering substantial mortgage 'cashback' rewards of up to $5000, but they may be yours for the asking from other banks too, even if not advertised
12th Mar 22, 9:10am
by Toby Allen
16
Banks are offering substantial mortgage 'cashback' rewards of up to $5000, but they may be yours for the asking from other banks too, even if not advertised
The idea that first home buyers have been disproportionately affected by the CCCFA changes appears to be unfounded
28th Feb 22, 11:48am
52
The idea that first home buyers have been disproportionately affected by the CCCFA changes appears to be unfounded
RBNZ January new residential mortgage figures show overall lending levels back close to where they were in January 2020
28th Feb 22, 10:53am
RBNZ January new residential mortgage figures show overall lending levels back close to where they were in January 2020
The Reserve Bank is forecasting an annual fall in house prices of over 5% by March 2023 and a total fall in prices of about 9%
23rd Feb 22, 3:49pm
106
The Reserve Bank is forecasting an annual fall in house prices of over 5% by March 2023 and a total fall in prices of about 9%