First home buyers
Latest mortgage figures from the Reserve Bank show that the 14,590 new mortgages in June 2024 was the lowest total for this month since the detailed data began in 2015
25th Jul 24, 10:47am
91
Latest mortgage figures from the Reserve Bank show that the 14,590 new mortgages in June 2024 was the lowest total for this month since the detailed data began in 2015
[updated]
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
24th Jul 24, 5:00am
29
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
Improving affordability for first home buyers could mark a turning point in the housing market
20th Jul 24, 9:23am
89
Improving affordability for first home buyers could mark a turning point in the housing market
Average estimated price first home buyers are paying for a home has declined by more than $60,000 over the last two years
5th Jul 24, 9:55am
142
Average estimated price first home buyers are paying for a home has declined by more than $60,000 over the last two years
Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
28th May 24, 4:07pm
22
Latest Reserve Bank mortgage figures show while housing investors are not exactly piling back into the market, they are at least starting to sit up and pay attention
Reserve Bank says banks will have to comply with the new DTI rules from July 1, while loan to value ratio restriction easing will also be applied from the same date
28th May 24, 10:58am
131
Reserve Bank says banks will have to comply with the new DTI rules from July 1, while loan to value ratio restriction easing will also be applied from the same date
Small declines in mortgage rates, static house prices and rising incomes improving home ownership prospects for first home buyers
24th May 24, 10:24am
106
Small declines in mortgage rates, static house prices and rising incomes improving home ownership prospects for first home buyers
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
23rd May 24, 11:16am
83
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
Kāinga Ora will not accept any new applications for the First Home Grant which will be scrapped in Budget 2024
22nd May 24, 1:38pm
57
Kāinga Ora will not accept any new applications for the First Home Grant which will be scrapped in Budget 2024
KiwiSaver early withdrawals for home ownership fall while financial hardship withdrawals continue to rise as people withdraw $160 million from their KiwiSaver in April
22nd May 24, 8:30am
16
KiwiSaver early withdrawals for home ownership fall while financial hardship withdrawals continue to rise as people withdraw $160 million from their KiwiSaver in April
Latest quarterly Reserve Bank figures show ahead of the imminent introduction of debt to income restrictions (DTIs) the numbers of new loans on high DTIs are well below the proposed limits
16th May 24, 2:38pm
46
Latest quarterly Reserve Bank figures show ahead of the imminent introduction of debt to income restrictions (DTIs) the numbers of new loans on high DTIs are well below the proposed limits
[updated]
KiwiSaver financial hardship withdrawals hit an all-time high of $29.3 million in March, while first home withdrawals jumped to $143.7 million
30th Apr 24, 12:31pm
15
KiwiSaver financial hardship withdrawals hit an all-time high of $29.3 million in March, while first home withdrawals jumped to $143.7 million
The average being borrowed for a mortgage is now just $369,600, down -10% since its peak in May 2022. We deconstruct this average to see what types of borrowers are borrowing and for what purpose
28th Apr 24, 7:30am
5
The average being borrowed for a mortgage is now just $369,600, down -10% since its peak in May 2022. We deconstruct this average to see what types of borrowers are borrowing and for what purpose
First home buyers are paying $659,481 on average to get into a home of their own
27th Apr 24, 6:43am
37
First home buyers are paying $659,481 on average to get into a home of their own
Flat house prices at the bottom of the market, a slight easing of mortgage interest rates and rising incomes create some breathing space for first home buyers
23rd Apr 24, 7:36am
83
Flat house prices at the bottom of the market, a slight easing of mortgage interest rates and rising incomes create some breathing space for first home buyers
First home buyers' average estimated purchase price down about $10,000 to $20,000 year-on-year
30th Mar 24, 6:01am
59
First home buyers' average estimated purchase price down about $10,000 to $20,000 year-on-year
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
26th Mar 24, 3:54pm
39
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
Auckland, Tauranga, Kapiti Coast, Porirua and Queenstown are now unaffordable for typical first home buyers even if they have a 20% deposit
22nd Mar 24, 11:16am
129
Auckland, Tauranga, Kapiti Coast, Porirua and Queenstown are now unaffordable for typical first home buyers even if they have a 20% deposit
Average amount first home buyers are paying for a home dropped by almost $17,000 last month
29th Feb 24, 8:56am
47
Average amount first home buyers are paying for a home dropped by almost $17,000 last month
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
28th Feb 24, 10:26am
14
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
Lower house prices at the bottom of the market meant a significant improvement in affordability for first home buyers last month
23rd Feb 24, 9:30am
128
Lower house prices at the bottom of the market meant a significant improvement in affordability for first home buyers last month
Latest quarterly Reserve Bank figures show ahead of the likely introduction of debt to income restrictions in the middle of the year, new borrowers are currently well below the proposed lending limits to be imposed on banks
19th Feb 24, 11:03am
47
Latest quarterly Reserve Bank figures show ahead of the likely introduction of debt to income restrictions in the middle of the year, new borrowers are currently well below the proposed lending limits to be imposed on banks
[updated]
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
12th Feb 24, 12:22pm
36
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
David Hargreaves looks at the 'inevitable' discussion we are about to have as to whether it's still the right economic approach to just target low inflation at all costs
6th Feb 24, 6:00am
88
David Hargreaves looks at the 'inevitable' discussion we are about to have as to whether it's still the right economic approach to just target low inflation at all costs
Adrian Orr will give a keynote speech to a high-powered economic forum ahead of the Reserve Bank's first Official Cash Rate decision of the year
31st Jan 24, 2:27pm
33
Adrian Orr will give a keynote speech to a high-powered economic forum ahead of the Reserve Bank's first Official Cash Rate decision of the year