And this is with higher excesses?
If excesses had remain unchanged, the percentage increase in premiums would have been even higher....
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Chris W
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Just using the price at the time the original comment was made in June 2022. Can't pick a price 7 months after the comment was made....
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Jeffa,
That reminds me of what you wrote back in June 2022.
For the record, June 2022 house prices:
1) REINZ median house price - Auckland: $1,156,000
2) REINZ median house price - Wellington: $848,000
3) REINZ median house...
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Are you going to apply the next time the RBNZ are searching for applicants?...
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https://www.stuff.co.nz/money/350220...-hundreds-week
High interest rates and still-low yields are leaving many property investors having to top up their rental income to pay their mortgages, CoreLogic data shows.
Its latest market update shows...
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Calculations of those buyers at or near the peak
https://www.stuff.co.nz/money/350206...ore-homes-sale...
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To summarise:
Receive 5.65% p.a
Pay 6.65% pa
Loss of 1.0% p.a...
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For sake of reference:
Latest reported REINZ median house price (Jan 2024)
1) NZ: 760,000
2) Auckland region: 975,000
3) Wellington region: 760,000...
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Interesting. Will there be sufficient buyers at current house price levels to absorb the "flood of stock coming on the market"?...
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Chook posted this in another thread, but worth reposting here.
https://www.propertytalk.com/forum/f...148#post737962...
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https://www.1news.co.nz/2024/03/05/n...-before-covid/
The number of Kiwis with mortgage arrears has risen to its highest level since before the Covid-19 pandemic, new numbers show.
In Centrix's latest...Last edited by Chris W; 05-03-2024, 09:48 PM.
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