Monthly Archives: July 2015

The Reserve Bank adjusted the official cash rate (OCR) downwards this morning bringing it to 3% with further cuts not excluded. The banks reacted promptly and are lowering the lending rates as result. Great for purchasing real estate at this … Continue reading →

Local purchasers deem house prices as too high – especially for first time buyers – and are hesitant to commit on buying at these prices. Demand is driving prices up though and buyers will have to anticipate paying more or … Continue reading →

The market is moving and properties for sale are in short supply. Competition is rife, but fantastic results are achieved for vendors – exceeding council valuations by far. Auckland investors are faced with new lending criteria from 1st October and … Continue reading →