Mortgage Mantra Limited

10/05/2022

The average value of all NZ homes declined to $1,040,927 in April from $1,063,765 in January this year, according to the QV House Price Index.

While the $22,838 fall in value isn't huge, it is consistent, with average values dropping for three consecutive months.

It is also significant that the decline in values occurred over what is usually the busiest time of year for the residential property market.

The trend of declining values has also been spreading steadily throughout the country.

Is this a good time to buy your first home?

Get in touch with us to explore your options.

08/10/2016

Where are interest rates headed? Has the Auckland property market slowed a bit? Is this a good time to buy your first home if you are in Auckland? What are your thoughts?

If you are buying your first home in the Wellington area you may qualify for a home loan with a less than 10% deposit. Terms, conditions and loan eligibility criteria apply.

08/06/2016

The Reserve Bank has done the right thing by holding the OCR steady.

RBNZ leaves OCR 2.25% as most local economists expected; Wheeler says NZ$ 'higher than appropriate'; says Auckland house prices 'very high' and more housing supply needed'; says 'further policy easing may be required'

12/05/2016

Will interest rates go any lower than 3.99% for 2 years fixed? Kiwibank takes market leadership with this special 2 year fixed rate offering.

Kiwibank offers its lowest rate ever, with two-year 3.99% mortgage special offer

11/05/2016

Use the income cap on investors.By all means do it. Limit the amount banks can lend to investors. By all means do it.

Exempt first home buyers from the income cap.Encourage first home buyers any which way.

The Reserve Bank and those that govern the country are living in glass houses.This is so bloody obvious now.Common sense has left the table.

A typical household would be blocked from getting a mortgage of more than $405,000 under income-related lending restrictions being considered by the Reserve Bank. - New Zealand Herald

10/05/2016

We expected the Reserve Bank to announce policy changes to deter investors from buying residential property in NZ. Looks like the Reserve Bank is also playing the game of " Let's watch " while deserving and needy New Zealanders are deprived of property ownership.

The Reserve Bank has today highlighted housing and dairy debt as major risks to New Zealand's economy and indicated it is looking at the possibility of introducing new lending restrictions - New Zealand Herald

10/05/2016

There is no doubt that foreigners have been buying NZ property in recent months.This is only one method used to defeat the system. It's a sham.It's a shame that those that are elected to provide for the country are just watching.Doing nothing is not an option.

New data on the level of foreign buying in the New Zealand housing market at just three per cent has been questioned by politicians, economist and property experts. - New Zealand Herald

07/05/2016

Many of us do some or all our banking online without a second thought. How many are careful while completing an online transaction? Here are some do's and dont's.

Many Kiwis rely on online banking but some simple mistakes keep tripping us up.

07/05/2016

Is this where Auckland property prices are headed? Seriously? Who is responsible for this state of affairs?

A million bucks for 188 square metres? Only in Auckland.

07/05/2016

This is scary.It's like being part of a Horror movie.A nightmare.Especially for those trying to buy their first residential property in New Zealand.You just watch while the dream of home ownership fades....and quickly at that.

Auckland house prices will double again by late-2020, if they continue to rise at their current rate. The median price will be almost $2m.

That's only four and a half years away, at the end of the next parliamentary term; and this is more than a Jafa issue. Hamilton, Tauranga and other neighbours are starting to feel the heat.

Yet politicians in Wellington and Auckland continue to fiddle. A minor tax tweak here and an RMA twiddle there, all glossed over with unfulfilled promises of more affordable housing.

Average home buyers face a housing bill 10 times their salaries in Auckland.

06/05/2016

Speculators are making merry in the Auckland property market.This is disgusting to say the least.Reading through this article, there seems to be no hope for a generation of renters.And fewer opportunities for those who want the first step in property ownership for their family.

Rampant speculators are cashing in big on Auckland's property market, with one house sold five times in just nine months. - New Zealand Herald