Some interesting comments are coming in from readers (and podcast listeners) with regard the fixed-rate mortgage deals they are achieving. It appears some lenders are folding like cheap shirts when borrowers threaten to take their mortgage business elsewhere.
This week New Zealand Prime Minister introduced a Capital Gains Tax which is likely to become law on 1 October 2015.
Property investors buying homes in the Auckland council region have been put on notice by the Reserve Bank that from October first they will need a 30 per cent deposit instead of 20 per cent – if borrowing money from a local bank.
Andrea Rush of government property valuation firm QV paints a dark picture for home buyers in Auckland saying many areas in the city have seen double digit increases since November.