Issue: No. 32 (April, 2014)

房貸資訊分享【Home Mortgage Information Update】

最近本國各銀行已提高房貸利率，我預期房貸利率將會再上調，故此建議若大家考慮要將現有的房貸再續期的話，請趕快行動。

若大家對房貸有任何查詢，可用電郵aamortgagte@xtra.co.nz 或致電021-322113 直接跟張小姐聯系。

Most of the local banks have recently raised the home loan interest rates; I expect that the rates go up further.  Therefore, if you are considering re-fixing your current home loans, please take action as soon as you can. 

For your enquiry about home loan, please feel free to talk to Anita Cheung by phone at 021-322113 or by email to aamortgage@xtra.co.nz

銀行房貸利率參考表 (Bank Home Loan Interest Rates)

主要銀行 Major Banks	固定年利率 (Fixed Rates Per Annum)
	六個月 6 Months	一年 12 Months	十八個月  18 Months	二年 24 Months	三年 36 Months	四年 48 Months	五年 60 Months
ANZ Bank	5.39%	5.85%	5.99%	6.49 %	6.85%	7.19%	7.40%
ASB Bank	5.55%	5.85%	5.99%	6.49%	6.85%	7.19%	7.40 %
Westpac Bank	5.50%	5.85%	5.99%	5.95%*	6.85%	7.19%	7.40%
Co-op Bank	5.35%	5.49%	5.85%	5.99%	6.35%	6.85%	7.10%

* Special condition applies (受特別條件限制)

主要銀行 Major Banks	Revolving Credit Facility
ANZ Bank	FlexiPlus: 6.10% p.a.
ASB Bank	ORBIT Home Loan: 6.00% p.a.
Westpac Bank	Everyday Choice: 6.00% p.a.
Co-op Bank	Revolving: 5.95% p.a.

請注意，以上各利率祗作參考之用。本公司必定為客户爭取最優惠利率。最近案例如: 固定一年5.39%, 二年5.69%及三年5.95% (受特別條件限制) 。

希望各位朋友把握現時的良機，享受本公司為大家爭取到的各種優惠。本公司定竭盡所能，為大家解决房貸的疑難，若貴親友需要房貸服務，也請告知，本人定會親自跟他們聯系。多謝大家的支持。

Your attention please!  The above interest tables show carded rates for your banking reference only.  Our company will do our best to get the most favorable mortgage interest for you.  The recent example is: 5.39% for 1-year (special conditions apply).

We hope that you would take this unique opportunity to enjoy all of those benefits that we strive to offer to you.    We promise you our best service.  Please refer to us those people you know who are in need of home mortgage; they will surely receive our highest quality service as same as what you have been enjoying.  Thank you for your continuous support. 

高比率房貸袛有寸進(High-LVR lending inches up)

眾所週知，銀行批出的高比率房貸不能超過該銀行的總房貸量的10%。本年2月，本國銀行批出的高比率房貸袛有4.2%，雖然這已稍高於1月份的3.8%，但仍較去年11月份的5.8%及12月份的4.7%為低。

某財務顧問表示，這反映出首置買家已淡出房市。該顧問稱這要歸因於人們忽略了利用政府房貸或KiwiSaver基金。

最近，銀行方已表明他們可會開始增加高比率房貸的審批量，並已調整銀行的相關機制以應付工作所需。Kiwi Bank 發言人稱他們會考慮首付低於20%的房貸申請，但他們會優先處理首置的自住買家。

Banks have to lend no more than 10% of their new loans to people with a deposit of less than 20%.  In February, just 4.2% of new lending was to borrowers with equity of less than 20%, after exemptions.  That’s slightly up from 3.8% in January but still down from 4.7% in December and 5.8% in November. 

Broker Dave Windler said the absence of first-home buyers in the market had become notice3able.  He said people were often still not aware of ways they could still get a loan, such as via a Welcome Home Loan, through the new built exemptions or by using KiwiSaver funds.

Kiwibank spokesman Bruce Thompson said, “We have always said that we are prepared to consider applications from people with deposits less than 20% and that our propriety is first-home buyers rather than investment purchases.”

儲備銀行借勢高利率放寬房貸限制 (Higher rates give RBNZ scope to lift LVR rules)

本國儲備銀行行長在瑞士銀行亞洲投資座談會中表示，該行在推行房貸比率限制措施之初已明確指出，這措施並非一成不變的。本國現時收緊貨幣政策，都是希望能壓抑房價暴漲；故此在這大前提下，當利率重回較正常水平時，儲備銀行就有較大的空間，讓他們能放寬或甚至解除這個房貸限制。

行長續稱，當房市所承受的壓力緩和下來及房價不會復漲時，也就是解除這個限制的好時機。  “我們會小心因解除房貸限制所帶來的風險，這就是房價可能復漲，繼而削弱了經濟及物價的穩定性。”

現時房貸限制措施已達到預期後果。行長表示推行這措施是希望它可減低年度房價增長率1 – 4 個百分點，而房屋銷售量也可降低3% - 8%。最新證據顯示，限制措施所帶來的效應基本上與預期吻合。

In a speech to the Credit Suisse Asian Investment Conference, Reserve Bank deputy governor Grant Spencer said the Reserve Bank had made it clear from the beginning that the restrictions were not meant to be permanent.  The monetary policy tightening is expected to help in dampening further house price inflation.  In this regard, as interest rates move back to more normal levels, we will expect to have greater scope to ease or remove the LVR restrictions.

He said the Reserve Bank expected to lift the restrictions once pressures in the housing market had moderated and it could be confident there would not be resurgence in house price inflation.  He said, “We will be alert to the risk that the removal of LVR restrictions could produce a resurgence in house price inflation, which would potentially undermine both financial and price stability.”

Spencer said the rules seemed to have had the effect intended.  It had been estimated that the LVR restrictions would dampen annual house price growth by one to four percentage points and house sales by 3% to 8%.  “The evidence to date suggests that the dampening effect of the LVR restrictions on house prices has been broadly in line with these expectations.”

Reference:
Higher rates give RBNZ scope to lift LVR rules by Susan Edmunds@mortgagerates.co.nz on 28/03/2014
High-LVR lending inches up by susan Edmunds @mortgagerates.co.nz on 26/03/2014
Migration hits 10-year high @Landlords.co.nz on 27/02/2014

Note: All Chinese translations exhibited in this newsletter are subject to the English versions (此通訊中所有中文譯本，均以英文為準。)

Disclaimer: The information given in this newsletter is of a general nature and does not constitute specific professional advice in regard to your investment planning.