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First home buyers

Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
4th May 23, 11:54am
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Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now
Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers
2nd May 23, 11:12am
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Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers
March sales to first home buyers up 7.7% compared to March last year. Prices higher, mortgages bigger than pre-Covid
29th Apr 23, 5:00am
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March sales to first home buyers up 7.7% compared to March last year. Prices higher, mortgages bigger than pre-Covid
Rising wages are moderating the effect of rising interest rates on first home buyers
28th Apr 23, 5:00am
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Rising wages are moderating the effect of rising interest rates on first home buyers
[updated]
RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency
26th Apr 23, 9:20am
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RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency
The country's banks are telling the Reserve Bank that borrower sentiment 'will likely tend towards more caution' due to the fast-changing housing market conditions
24th Apr 23, 12:06pm
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The country's banks are telling the Reserve Bank that borrower sentiment 'will likely tend towards more caution' due to the fast-changing housing market conditions
Reserve Bank provides an example of how debt-to-income ratio restrictions could be calculated
4th Apr 23, 9:30am
by Guest
16
Reserve Bank provides an example of how debt-to-income ratio restrictions could be calculated
Reserve Bank details rules for income, debt, 'complex lending' & more in its debt-to-income restrictions
4th Apr 23, 9:29am
Reserve Bank details rules for income, debt, 'complex lending' & more in its debt-to-income restrictions
The Reserve Bank says the potential benefits of DTI restrictions would significantly outweigh banks' costs
3rd Apr 23, 4:07pm
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The Reserve Bank says the potential benefits of DTI restrictions would significantly outweigh banks' costs
31st Mar 23, 11:55am
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First home buyers are paying less for their homes and taking out smaller mortgages
Home ownership remains out of reach for first home buyers on average incomes in spite of recent falls in house prices
22nd Mar 23, 9:00am
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Home ownership remains out of reach for first home buyers on average incomes in spite of recent falls in house prices
David Hargreaves has a bit of a dive back through the detailed mortgage figures that the Reserve Bank has now been producing for eight years
9th Mar 23, 8:30am
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David Hargreaves has a bit of a dive back through the detailed mortgage figures that the Reserve Bank has now been producing for eight years
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 4.1% in the 12 months to January, the slowest annual rate of growth in exactly 10 years
28th Feb 23, 4:11pm
11
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 4.1% in the 12 months to January, the slowest annual rate of growth in exactly 10 years
[updated]
Latest Reserve Bank mortgage figures for January - while numerically hitting all kinds of record lows - actually suggest a slight uptick from December on a seasonally-adjusted basis
27th Feb 23, 10:59am
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Latest Reserve Bank mortgage figures for January - while numerically hitting all kinds of record lows - actually suggest a slight uptick from December on a seasonally-adjusted basis
Almost a third of first home buyers have less than a 20% deposit and the average amount they're paying for a home is down $58,300 since April last year
25th Feb 23, 7:15am
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Almost a third of first home buyers have less than a 20% deposit and the average amount they're paying for a home is down $58,300 since April last year
Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month
21st Feb 23, 12:12pm
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Big price falls in Auckland, BoP, Taranaki, Manawatu, Wellington, and Nelson/Marlborough a boon for first home buyers last month
Latest quarterly Reserve Bank figures show that the country's new mortgage borrowers are stretching themselves much less than has been seen in recent years in regards to the amount of debt they are taking on relative to income
20th Feb 23, 10:19am
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Latest quarterly Reserve Bank figures show that the country's new mortgage borrowers are stretching themselves much less than has been seen in recent years in regards to the amount of debt they are taking on relative to income
The next major challenge the Reserve Bank faces is convincing everyone that once interest rates hit peak highs they won't start falling rapidly again
12th Feb 23, 6:00am
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The next major challenge the Reserve Bank faces is convincing everyone that once interest rates hit peak highs they won't start falling rapidly again
Only a decade ago more than half the country's mortgages were on floating rates, now the amounts on floating rates has dwindled to record lows
9th Feb 23, 12:38pm
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Only a decade ago more than half the country's mortgages were on floating rates, now the amounts on floating rates has dwindled to record lows
David Hargreaves has a trawl through some of the RBNZ's mortgage data to see how homeowners are reacting to rising rates a year and a half into a rising mortgage rate environment
9th Feb 23, 9:33am
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David Hargreaves has a trawl through some of the RBNZ's mortgage data to see how homeowners are reacting to rising rates a year and a half into a rising mortgage rate environment
RBNZ figures show first home buyers might possibly be hitting the limits of their seemingly boundless enthusiasm, while investors may have just stirred slightly
31st Jan 23, 10:50am
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RBNZ figures show first home buyers might possibly be hitting the limits of their seemingly boundless enthusiasm, while investors may have just stirred slightly
QV says home values fell nationally by an average of 10.3% last year - which was the largest drop in more than 15 years, but the market has not reached the bottom yet
20th Jan 23, 5:00am
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QV says home values fell nationally by an average of 10.3% last year - which was the largest drop in more than 15 years, but the market has not reached the bottom yet
The fall in house prices since 2021's peak has helped first home buyers but rising interest rates mean home ownership is still a struggle for those on average wages
16th Dec 22, 10:28am
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The fall in house prices since 2021's peak has helped first home buyers but rising interest rates mean home ownership is still a struggle for those on average wages
Forsyth Barr research analysts see five 'potential positive macro inflections' for a recovery in the second half of next year; namely — inflation, interest rates, GDP, house prices, and government
13th Dec 22, 9:51am
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Forsyth Barr research analysts see five 'potential positive macro inflections' for a recovery in the second half of next year; namely — inflation, interest rates, GDP, house prices, and government
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 5.2% in the year to October, which compares with double digit growth seen at the same time a year ago, and is the slowest rate of growth since 2015
30th Nov 22, 3:45pm
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Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 5.2% in the year to October, which compares with double digit growth seen at the same time a year ago, and is the slowest rate of growth since 2015