Hot rates as OCR stays cool. The price of borrowing is likely to remain low for some time, with the official cash rate (OCR) once again on hold at its historic low of 1.75% – with indications that it won’t budge for a year or two. The Reserve Bank is feeling cautious about the economy, saying the […]
First-home buyers come out to play as prices remain flat. Since the market peak of late 2016, house prices in Auckland have remained incredibly steady. This has allowed first-time buyers to take a deep breath and save up their deposits – finally, they can catch up with value gains. Between 2011 and 2015, it was […]
Balanced forecast, steady market. The official cash rate remains steady at 1.75% under the new Reserve Bank Governor Adrian Orr – with the chance of a rise or a drop equally likely, he says. Orr has also warned that mortgage rates could rise as banks’ cost of borrowing increases. In the meantime though, we’re seeing banks competing for […]
SuperCity awarded runner up National Brokerage of the Year. Over the past 4 years, the SuperCity team have been tirelessly focused upon improving the capability and quality of our people, fine tuning our value proposition and service to our clients. This focus has culminated in SuperCity being awarded NZFSG’s runner-up in the National Brokerage of the Year […]
Up, Down and Sideways – It’s all happening in the property market. It’s an interesting but active time in the market: asking prices have been at record highs, listings have been at record lows, rents are likely to hit new highs and yet values are relatively flat. The OCR is still at its record low of 1.75% and […]
LVR Restrictions to ease slightly in 2018 While many will be singing in the new year with the usual festivities and celebrations, at SuperCity we’ll also be toasting to a small but significant change to the current LVR Restrictions. From 1 January 2018 The Reserve Bank has announced that it would lift its ‘speed limit’ on high […]
Will Labour disrupt the housing market? There is naturally speculation over the impact a change of government will have on the housing market. We’ve already seen a significant change with foreign buyers now restricted to purchasing new builds and Labour committed to their Kiwibuild project to build 100,000 affordable homes over the next 10 years. […]
SuperCity Launches Referral Rewards Programme. SuperCity Mortgages & Insurance has never spent $1 on advertising. We have built our business 100% by word of mouth from our clients telling their friends and family about our services, expertise and value we provide. In 4 years we have built our business from scratch to being New Zealand’s 2nd […]
DTI off the table – will LVR’s be next? Debt-to-income ratios are not an option, according to Prime Minister Bill English – and he thinks the Reserve Bank should perhaps consider reasons to phase out its loan-to-value ratio restrictions. This isn’t much of a surprise; LVRs have been a big factor in the flatter house […]
Listings down, prices steady: Homeowners make their move. Listings are low, prices are flat, interest rates are holding, and buyers are taking notice. Real estate agents are finally explaining to vendors that the market has moved and overpriced houses won’t sell, so prices are beginning to look more realistic. The overall result is that homebuyers […]
