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News

Title: House prices have started falling at the lower end of the market, with Auckland's lower selling price declining for three months

Date: 2015-10-09

Body:

Lower quartile house prices have plateaued in almost all parts of the country and have declined in Auckland for the last three months in a row, suggesting the lower end of the property market has peaked in its latest cycle, according to the interest.co.nz Home Loan Affordability Report for August.

The report tracks monthly movements in the Real Estate Institute of New Zealand's (REINZ) lower quartile selling prices throughout the country, the price at which 25% of sales would be below that point and 75% would be above it, and this shows that the national lower quartile price peaked at $308,500 in March and has since remained...

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Title: Life insurance industry payouts top a $1 billion, premiums rise faster

Date: 2015-10-07

Body:

Life insurers have paid out more than $1 billion in claims for a fifth year in a row.But the rise in payouts has been outstripped by rising premiums for certain kinds of insurance.
Financial Services Council (chief executive Peter Neilson said its members had paid out $1.13b (FSC) in claims in the year to June 30, including claims on life insurance and income protection policies.Since 2011 annual life insurance premiums paid have increased from $835m to $1.01b in 2014, FSC statistics show.
Trauma and income protection have also seen premiums rising faster than claims paid.Replacement income claims were just over $17m higher in 2014 than in 2011.Insurance coverage...

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Title: A further $17.2 billion of Chinese money is expected to start pouring into the New Zealand property market as the Chinese government changes its rules on overseas investment

Date: 2015-09-18

Body:

Property website Realestate.co.nz is expecting Chinese investors to pour US$10.9 billion (NZ$17.2 billion) into this country's residential and commercial real estate markets as a result of changes being made to overseas investment rules in China.The latest Unconditional newsletter published by Realestate.co.nz this week, said the influx of Chinese money was likely to cause a boom in this country's commercial property sector.

"The second phase of Qualified Domestic Individual Investor programme implemented by the Chinese government will come into effect this month," the newsletter said."This programme removes certain restrictions that...

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