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Aussies can buy NZ homes despite ban

New Zealand Prime Minister Jacinda Ardern says a ban on foreigners buying existing homes will begin in early 2018, but won't apply to Australians seeking to buy homes across the ditch.

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Your credit score: Are you a unicorn, a thoroughbred, or donkey?

The mythical unicorn is a creature of elf-enchanted forests.

It's also the term used in the credit scoring industry for a person with an unfeasibly high credit score.

This week saw the launch of Creditsimple.co.nz which provides free instant access to your credit score, which places you on a scale of 0-1000. Read More

Which Auckland suburb saw prices double in 18 months?

"Mission Bay's ideal location and mix of city and coastal lifestyles make it a very desirable and high-end suburb. We've seen this demand push prices up across the board, and have also been involved in a greater number of high-value, multi-million dollar property sales," said Andy MacDonald, Barfoot & Thompson Mission Bay branch manager. Read More

Non-bank lenders like NZ mortgage curbs


The New Zealand Reserve Bank's new restrictions on highly-leveraged home loans are likely to be a boon to non-bank lenders, which make up a fraction of all mortgages.

The central bank expects a drop of up to 15 per cent in the volume of home sales and reduce house price inflation by up to 5 per cent when it introduces restrictions on banks' high loan-to-value ratio mortgages from September.

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