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.
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.
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It could be a strong signal to investors as mortgage interest rates were expected to remain low for some time
The appointment reflects the bank's contribution to the industry