Subscribe today - find out more
Why you should consider BusinessDesk

Is housing market FOMO finally evaporating?

Staff reporters
Wed, 01 Dec 2021

First-home buyers are the most affected by RBNZ's latest tightening of loan-to-valuation ratio restrictions. (Image: Deposit Photos)
First-home buyers are the most affected by RBNZ's latest tightening of loan-to-valuation ratio restrictions. (Image: Deposit Photos)
Staff reporters
Wed, 01 Dec 2021
Real estate agents are reporting fear of missing out (FOMO) has finally been dented and that prospective buyers have experienced substantial difficulties in obtaining finance.Economist Tony Alexander's latest survey of 331 agents also found that not only are investors less willing to buy, but first-home buyers have strongly stepped back from making a purchase for now."The good news is that requests for appraisals have risen, more vendors appear to be stepping forward with more realistic assessments of market prices, and price growth is...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

On the Money
On the Money: Richard Chandler charging into 2022, Jane Hrdlicka, Grant Baker, and more
Rebecca Stevenson | Sat, 22 Jan 2022

OTM this week: flying high with Richard Chandler, an ace on ignoring the elephant in the room, a new Robbo-cop comes to town, and more. 

Opinion
Is New Zealand’s population too low?
Brian Gaynor | Sat, 22 Jan 2022

Our relatively small population has proven a huge disadvantage to NZ companies that expand offshore, particularly when they experience headwinds.

Markets Market Close
NZ shares finish shocker week down 3.5%
Dan Brunskill | Fri, 21 Jan 2022

A well-known investor released a paper overnight warning this was the end of a "superbubble" in US markets. 

Sponsored
Grape expectation for first major wine auction

Buying wine at auction can be a smart way to build your cellar or discover a world of wine

Sponsored
How to pick the perfect real estate investment now

Now is a good time to get on the property investment ladder - here is how to get there.