New Zealand Archives - Better Dwelling https://betterdwelling.com/category/new-zealand/ Canada’s Fastest Growing Real Estate News Source Sun, 05 Jun 2022 17:01:52 +0000 en-US hourly 1 https://i0.wp.com/betterdwelling.com/wp-content/uploads/2016/07/cropped-better-dwelling-flower-logo.png?fit=32%2C32&ssl=1 New Zealand Archives - Better Dwelling https://betterdwelling.com/category/new-zealand/ 32 32 64691831 New Zealand Real Estate Prices Dropped The Most Since 2010, Forecast To Fall Further https://betterdwelling.com/new-zealand-real-estate-prices-dropped-the-most-since-2010-forecast-to-fall-further/ https://betterdwelling.com/new-zealand-real-estate-prices-dropped-the-most-since-2010-forecast-to-fall-further/#comments Wed, 01 Jun 2022 03:56:52 +0000 https://betterdwelling.com/?p=20808 New Zealand’s residential real estate market is becoming softer by the day. CoreLogic NZ data shows home prices fell across the country in May. A combination of higher rates and anti-speculation measures are rapidly cooling demand. Prices are now falling at the fastest rate since 2010 and the central bank expects them to fall a […]

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]]> https://betterdwelling.com/new-zealand-real-estate-prices-dropped-the-most-since-2010-forecast-to-fall-further/feed/ 1 20808 New Zealand’s Central Bank Warns A Real Estate Correction Is Possible https://betterdwelling.com/new-zealands-central-bank-warns-a-real-estate-correction-is-possible/ https://betterdwelling.com/new-zealands-central-bank-warns-a-real-estate-correction-is-possible/#comments Thu, 05 May 2022 12:42:40 +0000 https://betterdwelling.com/?p=20488 New Zealand real estate’s epic run is fast approaching its end, and a correction looms. That was the take in the Reserve Bank of New Zealand‘s (RBNZ) May 2022 Financial Stability Report. The central bank called housing unsustainable and said gradual price declines are desirable. However, they warn a significant correction is possible. New Zealand […]

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]]> https://betterdwelling.com/new-zealands-central-bank-warns-a-real-estate-correction-is-possible/feed/ 2 20488 New Zealand Real Estate Falls, “Outlook Remains Pessimistic”: CoreLogic https://betterdwelling.com/new-zealand-real-estate-falls-outlook-remains-pessimistic-corelogic/ https://betterdwelling.com/new-zealand-real-estate-falls-outlook-remains-pessimistic-corelogic/#comments Wed, 04 May 2022 13:35:50 +0000 https://betterdwelling.com/?p=20460 Higher mortgage financing costs are derailing New Zealand’s hot real estate market. The CoreLogic New Zealand House Price Index shows home prices fell in April. It was the first decline for home prices at the national level since 2020. The firm notes two major markets even saw the biggest drop since the Global Financial Crisis […]

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]]> https://betterdwelling.com/new-zealand-real-estate-falls-outlook-remains-pessimistic-corelogic/feed/ 4 20460 New Zealand Real Estate Investors Pull Back After Policy Changes, Price Growth Slows https://betterdwelling.com/new-zealand-real-estate-investors-pull-back-after-policy-changes-price-growth-slows/ https://betterdwelling.com/new-zealand-real-estate-investors-pull-back-after-policy-changes-price-growth-slows/#comments Fri, 26 Nov 2021 05:57:10 +0000 https://betterdwelling.com/?p=18910 New Zealand’s government is targeting home investors to slow price growth and it may be working. Reserve Bank of New Zealand (RBNZ) data shows the share of home buyers that have at least one other home. Immediately after the Government announced they’ll target investors, many quit the market. It’s only been a few months since […]

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]]> https://betterdwelling.com/new-zealand-real-estate-investors-pull-back-after-policy-changes-price-growth-slows/feed/ 6 18910 New Zealand Further Targets Real Estate Speculators By Eliminating More Tax Incentives https://betterdwelling.com/new-zealand-further-targets-real-estate-speculators-by-eliminating-more-tax-incentives/ https://betterdwelling.com/new-zealand-further-targets-real-estate-speculators-by-eliminating-more-tax-incentives/#comments Wed, 29 Sep 2021 03:32:29 +0000 https://betterdwelling.com/?p=18282 New Zealand property investors will see another tax advantage disappear soon. On Tuesday, the Government of New Zealand revealed they’ll limit mortgage interest deductions. The plan goes into effect October 1 and is hoping to lower the incentive to speculate with housing. This measure follows a series of actions to discourage speculators. The government says […]

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]]> https://betterdwelling.com/new-zealand-further-targets-real-estate-speculators-by-eliminating-more-tax-incentives/feed/ 2 18282 New Zealand’s Central Bank Readies To Tighten Mortgage Lending Even Further https://betterdwelling.com/new-zealands-central-bank-readies-to-tighten-mortgage-lending-even-further/ https://betterdwelling.com/new-zealands-central-bank-readies-to-tighten-mortgage-lending-even-further/#comments Wed, 04 Aug 2021 04:17:34 +0000 https://betterdwelling.com/?p=17703 New Zealand’s central bank is considering tightening mortgage lending standards even further. In June the New Zealand Government gave the Reserve Bank the green light to tighten lending. This morning, they announced they’ll consider a series of new measures in October. The big changes they’ll consider are further limits to high loan-to-value ratio (LVR) borrowing, […]

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]]> https://betterdwelling.com/new-zealands-central-bank-readies-to-tighten-mortgage-lending-even-further/feed/ 1 17703 New Zealand’s Central Bank Calls Home Price Growth “Unsustainable,” Halts QE https://betterdwelling.com/new-zealands-central-bank-calls-home-price-growth-unsustainable-halts-qe/ https://betterdwelling.com/new-zealands-central-bank-calls-home-price-growth-unsustainable-halts-qe/#comments Thu, 15 Jul 2021 02:31:00 +0000 https://betterdwelling.com/?p=17425 New Zealand may be the first advanced economy to hike interest rates. The Reserve Bank of New Zealand (RBNZ) abruptly announced a halt to the Large Scale Asset Purchase (LSAP) program. Along with the announcement was the release of the Monetary Policy Committee notes. The Committee said the risk of deflation has now passed, and […]

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]]> https://betterdwelling.com/new-zealands-central-bank-calls-home-price-growth-unsustainable-halts-qe/feed/ 4 17425 New Zealand Curbs Property Investment Tax Advantage, Wants “Productive Investment” https://betterdwelling.com/new-zealand-curbs-property-investment-tax-advantage-wants-productive-investment/ https://betterdwelling.com/new-zealand-curbs-property-investment-tax-advantage-wants-productive-investment/#comments Wed, 24 Mar 2021 03:38:19 +0000 https://betterdwelling.com/?p=16092 One of the world’s largest real estate bubbles is getting a new round of affordability measures. Earlier this year, the New Zealand Government said they would put home prices at the top of their agenda. This week they followed up with the first actions they’ll be taking. Property investors will soon see most tax advantages […]

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]]> https://betterdwelling.com/new-zealand-curbs-property-investment-tax-advantage-wants-productive-investment/feed/ 19 16092 New Zealand’s Central Bank Is Adding Housing Affordability To Its Mandate https://betterdwelling.com/new-zealands-central-bank-is-adding-housing-affordability-to-its-mandate/ https://betterdwelling.com/new-zealands-central-bank-is-adding-housing-affordability-to-its-mandate/#comments Thu, 25 Feb 2021 05:11:27 +0000 https://betterdwelling.com/?p=15788 New Zealand’s central bank will consider the impact of monetary policy on housing. Not just to preserve home prices either, but to consider affordability. The New Zealand Government‘s latest remit goes live on March 1. After which, the Reserve Bank of New Zealand (RBNZ) needs to explain regularly how it seeks to assist with affordability. […]

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