When looking for development finance or a mortgage in New Zealand, main banks used to dominate the market. While main banks still remain the most popular avenue to secure loans today, they are no longer the only path to safe and substantial financing. We’ve seen non-bank lending grow over the past two decades, giving developers […]
Amid a widespread pandemic, the global economy is caught between cushioning the blow of a recession and planning for recovery. The impact on the property finance market will be significant, albeit mitigated by early policy responses from the NZ government and Reserve Bank. Comprehensive post-lockdown data is yet to be reported, and clarity as to […]
By the end of 2019 the NZ property market was showing signs of improvement – one needed only to have attended a pre-Christmas auction to notice the stark contrast in mood as previously indifferent buyers appeared now excited and confident to freely ‘bid away’. The turn in sentiment can be traced back to April 2019 […]