Fisher Foley
Barristers and Solicitors
13/10/2022
In a world first, our NZ government has proposed taxing the greenhouse gasses that farm animals make as part of a plan to tackle the climate crisis.
New Zealand farmers may pay for greenhouse gas emissions under world-first plans By 2025, farmers would pay a levy on emissions from sources such as cow burps and gases from their urine under proposals released by Jacinda Ardern
26/09/2022
If you're thinking of buying a property or re-fixing an existing one this article on interest rates provides some insights on market dynamics
How long will home owner borrowers' luck hold? When the two year swap rate was last at Monday's level, that was back in May 2010 and the two year fixed mortgage rate was 7.30%. Who says it won't go back to that level?
08/09/2022
Logical reasoning as to why the market favours house purchasing now...
Why now is the right time to buy a home Property prices won't be this low for long, says adviser
07/06/2022
Informative article about how bank test interest rates work
Ask a mortgage broker: Why are banks secretive about test rates? Mortgage broker Glen McLeod answers your questions about home loans.
01/06/2022
The increase in housing stock levels is due almost entirely to a slowdown in sales experienced across NZ.
Home buyers spoiled for choice with a huge increase in the number of homes available for sale Slump in housing sales pushes stock levels up 77% compared to this time last year
17/05/2022
Banks are predicting a market correction of around a 20% drop in NZ house prices in the coming year based on tighter credit conditions, higher mortgage rates and increased supply of new housing.
New Zealand banks predict 20% drop in house prices over next year Economists say tighter credit conditions, higher mortgage rates and increased housing supply behind sinking prices
03/05/2022
Considering buying or selling at auction? Looks like success rates are dropping considerably...
Less than a quarter of the residential properties being brought to auction are selling under the hammer Auction sales rate 20% in Auckland, 21% in Bay of Plenty, 41% in Canterbury
03/05/2022
Co-ownership in property with family and friends may just be the way to bypass saving up a large deposit and get into the property market sooner. Kiwibank are encouraging this as a model.
House co-ownership the new way to get on the property ladder Kiwibank has set up a new system to streamline an alternative home ownership model, aiming to make it easier to go in on a house with friends or family.
27/04/2022
Core Logic's economist is predicting "property market activity will continue to be subdued, with sales volumes perhaps declining by as much as 10% this year and another 5% or so in 2023."
CoreLogic says housing sales are the weakest they have been in a decade CoreLogic says the key drivers for housing market slowdown are 'fundamental and longer-lasting'
25/04/2022
Be prepared for banks to test your lending serviceability at close to 7% when you are applying for a mortgage...
Revealed: The interest rates banks are using to test mortgage applicants A closer look at how the interest rates banks use to stress test mortgage applicants are due to rise, and possibly be set by the Reserve Bank
20/04/2022
Mortgage interest rates have now reached 6 percent for four-year fixed terms. What will be your strategy for fixing your mortgage if buying or re-fixing your current loan?
Watch live: Grant Robertson on interest rates, inflation Mortgage interest rates have hit 6 percent for four-year fixed terms. Finance Minister Grant Robertson speaks to Morning Report about rising rates and inflation.
12/04/2022
With a drop in value, perhaps there's an opportunity to buy property in Christchurch?
Christchurch house values drop for first time in two years as buyers take back control Houses are taking longer to sell creating more of a buyers' market though a small fall in values only slightly dents the 32 per cent increase seen in the last year.
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