Typical new homes in Australia
The end of mortgage deferrals on March 31 is unlikely to slow rising house prices, REA Insights state in a new report.
“I expect that any increase in forced sales will be small and property prices will keep rising,” said Cameron Kusher, REA Group Director of Economic Research.
REA says house prices rose 0.4% nationwide in February, buoyed by low interest rates and relatively low rates of housing stock.
Not even Australia’s mortgage deferral ‘cliff’ will stop house prices from surging in 2021, according to new analysis from REA Insights.
In its new Home Price Index Report, released Tuesday, REA states home prices nationwide rose 0.4% over February, and climbed 5.9% over the year.
Feb 21, 2021 23:02 GMTFXStreet News
The New Zealand Institute of Economic Research has stated that it has once again revised the format of the views they are seeking from our Shadow Board on what the Reserve Bank should do with monetary policy.
”Given the Reserve Bank’s growing arsenal of monetary policy tools which includes the Official Cash Rate, quantitative easing, and Funding for Lending Programme, we decided to simply ask our Shadow Board on what stance the Reserve Bank should take 1) at the upcoming meeting, and 2) over the coming 12 months.”
”There was a wide range of views amongst board members.”
”For the upcoming meeting, members were generally in favour of leaving the monetary policy stance unchanged given the improving outlook balanced against the high degree of uncertainty. However, beyond that board members were divided between leaving the monetary policy stance unchanged and tightening monetary policy. Those who indicated a tightening of monetary poli
NZIER s Shadow Board sees little need for further stimulus livenews.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livenews.co.nz Daily Mail and Mail on Sunday newspapers.
More banks will increase investor deposit to 40pc, brokers predict
16 Dec, 2020 04:00 PM
5 minutes to read
Brokers believes other banks will follow the ANZ and increase the investor deposit requirement to 40pc. Photo / Michael Craig.
Brokers believes other banks will follow the ANZ and increase the investor deposit requirement to 40pc. Photo / Michael Craig.
It is inevitable that other banks will match the ANZ and increase their investor deposit requirements to 40 per cent say mortgage brokers. But the major banks say they currently have no plans to change the settings on their investor lending restrictions.
On Tuesday ANZ NZ - the country s largest bank - announced it would increase its deposit requirements from 30 per cent to 40 per cent for investors effectively immediately.