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Mortgages

Mortgage Rates Daily Commentary
Friday 1 March 2024  Add your comment
Find out who is new to the industry

Something a little different today - we have two people announcements and would like to say to you, if you have made a new appointment please let us know.

You can send details to editor@tmmonline.nz

First up small business lender Bizcap has entered the New Zealand market and appointed its first local general manager. Find out who got the job here.

Secondly, Avanti has added a new business development manager for the Golden Triangle region of New Zealand.

Both these people were at last week's TMM Better Business Conference.

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Housing looking strong

There are more signs the housing market is strengthening.

Thursday, September 27th 2001, 7:06AM

by Jenny Ruth

As with the figures for sales of existing houses, the latest house building consent figures indicate a much stronger housing market after confusing signals in June and July.

The figures show the number of new housing consents rose to 2,020 in August from 1,690 in July. It’s the first time consents have exceeded 2,000 since May 2000.

The seasonally adjusted figures were also strong, showing a 14.2% increase in August from July. The July figures showed a 10.4% decrease from June. Statistics New Zealand says its series often records large monthly fluctuations so one shouldn’t read too much into an individual month’s figures.

The August total consents were worth $301.4 million compared with $264.5 million in July.

Apartment activity also appears to be gathering pace. The 444 apartment consents worth $34.8 million was the highest total in one month since August 1999. Only 194 apartment consents were issued in July.

The government statistician says August consents increased in 13 of the 16 regions it measures compared with August last year and that Wellington experienced the highest number of consents at 307 since the series began in November 1998. The Wellington increase was driven by apartment consents.

In the year ended August, there were 19,583 new dwellings worth $2.92 billion approved, down from 22,630 worth $3.17 billion in the previous year.

The number of apartments approved in the latest year was 2,356 worth $203.9 million, down from 3,016 worth $248.5 million in the previous year.

« Rebel conveyancer strikes mortgage discharge problemsThe king has triumphed »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.45 7.05 6.85
ANZ 8.64 7.99 7.49 7.35
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.39 6.89 6.75
ASB Bank 8.64 7.39 6.89 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.29 6.85 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 ▼7.89 ▼7.45 ▼7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼7.09 - -
Co-operative Bank - Owner Occ 8.40 ▼7.29 6.89 6.75
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 ▼7.79 7.39 7.25
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.85 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.59 7.29
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.35 7.89 7.65
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.35 6.89 6.75
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.90 7.39 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.30 7.89 7.69
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.30 8.89 8.69
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.95 7.45 7.29
SBS Bank Special - 7.45 6.95 6.79
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 7.05 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.19 7.55 7.55
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.39 6.75 6.75
Unity 8.64 6.99 6.85 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 7.15 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.45 7.37 6.77

Last updated: 1 March 2024 10:00am

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