According to the latest monthly QV House Price Index it seems that the annual rate of home value growth has slowed as the LVR has taken effect. The Loan to Value ratio (LVR) is the amount of your loan compared to the value of your property.
If you are planning to buy a house or refinance your home loan in 2016, you’ll want to check your credit rating and look for ways to improve it.
Are you a first home buyer or looking for a change in the house you have? You will have plenty of company, with low interest rates and high immigration keeping home buyer demand high in New Zealand in 2016