First home buyers continue leaping into the housing and mortgage markets
While house prices move up at a glacial pace first home buyers are taking advantage of the hollowed-out market to buy and get what they want.
The latest Cotality-Westpac First Home Buyer report shows they’ve bought 24,800 homes over 12 months to the end of the first quarter of this year – the highest annual total since the third quarter of 2021, near the market peak.
They made up 27.5% of all property purchases, just shy of the record 28.2% share at the end of last year.
This strength of first home buyers is...MORE»
Banks spend big for little gainFriday, May 8th, 10:55AM
Cashback campaign cost banks millions for little change in mortgage customer share MORE» |
Non-bank lending balloonsWednesday, May 6th, 11:07AM
The Reserve Bank says residential mortgage lending by non-banks has risen about 30% since the deposit insurance scheme came into force from July 1 last year. MORE» |
Westpac accelerates home lending and adviser-originated loans
Westpac New Zealand accelerated its home loan lending in the six months ended March, adding $2.1 billion in new lending.
MORE»Link gets its first general manager
Former banker steps into new General Manager role at Link Financial Group.
MORE»Advisers increased origination of BNZ home loans
Is BNZ rediscovering that ditching mortgage advisers comes at a cost?
MORE»Mortgage borrowers catch up on arrears
As economic struggles push the country towards stagflation, borrowers with mortgage arrears continue to decline.
MORE»ANZ's reliance on mortgage advisers eases a little
Mortgage advisers originated 58% of ANZ Bank New Zealand’s home loans in the six months ended March, down from 59% in the same six months a year earlier.
MORE»