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In Westpac's latest Home Truths newsletter Stephens wrote that there were clear signs that recent falls in mortgage interest rates had boosted the market.
"It is clear that the rate of house price inflation has lifted recently," he said.
"This acceleration is coming from … View moreIn Westpac's latest Home Truths newsletter Stephens wrote that there were clear signs that recent falls in mortgage interest rates had boosted the market.
"It is clear that the rate of house price inflation has lifted recently," he said.
"This acceleration is coming from Auckland and Canterbury, which have shifted from slightly falling to slightly rising house prices, and from Otago and Southland, where house prices are rising fast.
"Meanwhile, the rate of inflation in Wellington and few nearby regions has eased a little."
Stephens said rising sales volumes were a good pointer to the short term outlook for prices and the lift in sales reported by the REINZ in October was a good indicator that house price inflation was set to accelerate.
He picked that house prices could rise 1.5% in the March quarter, mainly driven by lower interest rates.
But he also warned that the lift in the market could be short lived.
"Mortgage interest rates will not keep falling forever," he said.
"Actually, wholesale fixed interest rates have risen quite sharply over the past week or two.
"That should at least arrest the decline in fixed mortgage rates, if not reverse it.
"This is why we think the current housing market upturn will be short-lived.
"We remain convinced that mortgage interest rates will eventually rise significantly.
"At that point, we expect the housing market to be severely impacted.
"But with the Reserve Bank looking to keep the OCR low for some time, this is more a story for the 2020s than the current decade.
"We are forecasting falling house prices in the early 2020s."
Nelson's bi-cultural Christmas parade has caused a stir and some confusion among Santa's young fans. The traditional white-bearded, jolly man was replaced in the parade by a Māori man representing Santa Claus. Read the full story here.
Although many people were for the idea, some … View moreNelson's bi-cultural Christmas parade has caused a stir and some confusion among Santa's young fans. The traditional white-bearded, jolly man was replaced in the parade by a Māori man representing Santa Claus. Read the full story here.
Although many people were for the idea, some parents felt "blindsided" that they weren't forewarned that Hana Kōkō would be stepping in for Santa Claus. The parade's organisers have since apologised.
So we want to know your view on this topic. Are you in support of modernising Christmas, or do you prefer a traditional Santa? Take part in our poll below!
This month, we want to challenge everyone to come together and help those in need this holiday season. With so much going on this time of year it’s easy to get caught up in the festivities and forget about those having a difficult time.
From elderly neighbours with no one to celebrate with to … View moreThis month, we want to challenge everyone to come together and help those in need this holiday season. With so much going on this time of year it’s easy to get caught up in the festivities and forget about those having a difficult time.
From elderly neighbours with no one to celebrate with to homeless families and those with disabilities struggling to just get by, reach out to someone who could use a helping hand and remind them what the holiday spirit is all about!
Share your photos and experiences using the following hashtag so we can see what you got up to.
#NSNZhelpinghands
Every year, summer means an influx of Kiwis to beaches, rivers and campgrounds all over Aotearoa. Kiwis love summer – it’s in our DNA – but if we’re honest, we’re not always very good at it. Stay safe with a few tips from Westpac:
- Don’t turn your back to the waves.
- Always take … View moreEvery year, summer means an influx of Kiwis to beaches, rivers and campgrounds all over Aotearoa. Kiwis love summer – it’s in our DNA – but if we’re honest, we’re not always very good at it. Stay safe with a few tips from Westpac:
- Don’t turn your back to the waves.
- Always take your lifejacket.
- Tell someone when you’ll be back.
- Don’t drive when you are tired.
And remember if you stray too far, the Choppers can help. In the last 12 months, Wellington’s Westpac Rescue Helicopter flew 415 missions keeping Kiwis safe.
Stay safe in Chopper Country.
The Westpac NZ Team
On the first day of Christmas....
We have come together with our mates at @Newbolds Upper Hutt (give them a like) for our 12 Days of Christmas giveaway.
Today we are giving away a:
Boston Acoustic Stereo worth $599 retail
TO ENTER
1. 👍 LIke/follow our page
2. 👍 LIke this post (tag … View moreOn the first day of Christmas....
We have come together with our mates at @Newbolds Upper Hutt (give them a like) for our 12 Days of Christmas giveaway.
Today we are giving away a:
Boston Acoustic Stereo worth $599 retail
TO ENTER
1. 👍 LIke/follow our page
2. 👍 LIke this post (tag and share if you wish)
3. 🎅 Comment below … What is your favourite Christmas Carol?
For more entries head over to our other sister papers
Facebook:
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Neighbourly:
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Entry to the competition runs for 24 hours and prizes will be drawn on Monday 3 December. Winners must collect prize within 3 working days, or Stuff may redraw the prize. Only open to New Zealand residents, and no current employees of Stuff may apply. Prizes are not transferable, exchangeable nor redeemable for cash. This competition is organised in its entirety by Stuff Ltd and is not associated with Facebook in any way. Winners are drawn at random and judges decision is final and no correspondence will be entered into.
Hi neighbours,
Keep your eyes peeled for the latest scam to be fooling Kiwis. Scammers are taking advantage of people looking for a home to call their own, creating fake competitions and giveaways to win a tiny home.
A recent scam asked people to sign up on their page which went through a process… View moreHi neighbours,
Keep your eyes peeled for the latest scam to be fooling Kiwis. Scammers are taking advantage of people looking for a home to call their own, creating fake competitions and giveaways to win a tiny home.
A recent scam asked people to sign up on their page which went through a process of multiple surveys so the scammers can collect more information about the Facebook user in the hope of collecting personal details, including bank accounts. To read all about the scam, click here.
A fraud education manager says:
- People are helping the scammers by liking and sharing the post as it spreads the virus
- As soon as you like the Facebook post it gives scammers access to information
- If unsure whether it's a scam or not, look for terms and conditions - often these scams do not have them
- If you think you've been made a victim of an online scam, contact Netsafe and report it immediately. You can access Netsafe's page here.
"Our state house was a launchpad into my career and where I wanted to be. It truly helped me to follow my dream.”
Sam Cowley-Lupo, aka Sammy Salsa, is one of New Zealand’s most influential fashion stylists, working with the likes of Lorde and Stan Walker. He also grew up in a state … View more"Our state house was a launchpad into my career and where I wanted to be. It truly helped me to follow my dream.”
Sam Cowley-Lupo, aka Sammy Salsa, is one of New Zealand’s most influential fashion stylists, working with the likes of Lorde and Stan Walker. He also grew up in a state house in Mt Roskill, Auckland.
If U have been in traffic (crawling) since b4 Haywards & have traveled from Wgt.... Getting 2 River Rd following POLITELY behind car in front & every1s doing same, then U look in ur mirror 2C a car pull out behind U so they can CAUSing A DOMINO EFFECT OF BACK LOGGING VEHICLES TRYING 2 MERGE… View moreIf U have been in traffic (crawling) since b4 Haywards & have traveled from Wgt.... Getting 2 River Rd following POLITELY behind car in front & every1s doing same, then U look in ur mirror 2C a car pull out behind U so they can CAUSing A DOMINO EFFECT OF BACK LOGGING VEHICLES TRYING 2 MERGE LIKE A ZIP.... I Say, GD ON THAT LADY IN HER CAR 4pulling out 2regulate traffic flow....SHE'S THINKING OF MORE PPL, than herself, making TRAFFIC EASIER 2MERGE... Now imagine... If lots of ppl use passing lane in heavy traffic, IT WOULD B CHAOS TRYING 2 MERGE IN2 1 LANE, NOT 2MENTION ROAD RAGE AFTER LONG DAY WORKING 4SUM. IF U HAD ANY SENSE OF TRAFFIC CURTISY... WHEN GOING ON RIVER RD FROM SILVER STREAM... A SLOW approach 2cars on ur left would b less aggressive 2 many motorists who have been bumper 2 bumper way back... SUM advice 2 idiots on our roads.... you'll come off 2nd best when bigger vehicals Pull out on2 right lane 2KEEP TRAFFIC FLOW IN ORDER... everyone wants 2get hm... DON'T PASS THE CAR IN FRONT, OUT OF RESPECT 4OTHER DRIVERS, B THOUGHTFUL OF PPL WHO R OUT 10/12 hrs ADAY ... BUT the drivers TRYING 2 PASS, & BLOCK UP CARS trying 2 MERGE.. WATCH OUT!! 4 TRUCKS, BUSES & Cars CAUSE THEY'LL PULL OUT & DON'T CARE IF IT ANNOYS THEM.... ROAD POLICE I AM NOT BUT NEITHER R YOU.
The Zoofari programme helps Kiwi kids enjoy a day of learning at their local zoo because we believe that teaching children today can lead to a lifetime of love for animals and the environment.
Show your support before the 18th December by donating in your local store today!
The Warehouse, … View moreThe Zoofari programme helps Kiwi kids enjoy a day of learning at their local zoo because we believe that teaching children today can lead to a lifetime of love for animals and the environment.
Show your support before the 18th December by donating in your local store today!
The Warehouse, partnering with you for a better community.
We’re so grateful to all the generous sorts who’ve chipped in to get us here. So, let’s lose the gifts… and turn our big day into a celebration with the nation.
For every $10 donated from you, Spark Foundation will give $10 too – up to a grand total of $10,000 across all 10 charities.
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