Appreciation in home values across New Zealand has stalled and CoreLogic’s head of research doesn’t think that will change anytime soon
The market is responding to the latest loan-to-value speed-limits, with signs values are slowing in Auckland, Hamilton and Tauranga.
Corelogic New Zealand’s Head of Research, Jonno Ingerson, takes a look at the big picture, talking to NZ Adviser about what is driving the housing crisis and measures taken to solve it.
Another major bank has followed Westpac and ANZ in tightening its lending criteria to overseas borrowers and also made a rate cut to its three-year special.
Although Auckland continues to cool, the latest QV House Price Index figures show values across the rest of the country are still rising.
House values in parts of Auckland have fallen in the last month, QV data reveals.
The major bank has received the award for the third year running
The largest home loan lender has reduced two of its 'special' fixed interest rates
AIA Group and Zurich Insurance have lobbed bids to buy Sovereign and CommInsure