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Migrant News Jan 2018

www.migrantnews.nz, New Zealand's only newspaper for new settlers since 1991. migrantnews@xtra.co.nz

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migrantnews.co.nz<br />

WELCOME<br />

TO NZ<br />

EXPO<br />

Settlement Info<br />

Advanced<br />

Career<br />

Planning<br />

Health<br />

Employment<br />

Welcome to NZ Expo<br />

Now into it’s 12th Year<br />

Voice of New Kiwis, International Students<br />

Mobile: 027 495 8477 I email: migrantnews@xtra.co.nz I 27th Year of Publication<br />

Education & Training<br />

Business<br />

Opportunities<br />

“I have a passion<br />

for helping others.”<br />

“I’m not focused<br />

on any one culture,<br />

I’m doing the whole<br />

bit, which is a lot<br />

harder to do.<br />

By MEL FERNANDEZ<br />

INVERCARGILL - A<br />

Filipino mother of three<br />

in Southland is adding a<br />

new twist to the meaning<br />

of the term ‘bayanihan<br />

spirit’ by 'doing the whole<br />

bit' when it comes to<br />

lending a helping hand.<br />

It is well known that<br />

Filipinos have a strong<br />

urge to help their kababayan<br />

(fellow countrymen),<br />

but Meggy Barlett-<br />

McBride takes this passion<br />

for helping others to<br />

a whole new level.<br />

“Since 2009 it’s always<br />

been in me that I like to<br />

help others. I think we all<br />

have that attitude - when<br />

others need help, we<br />

help.”<br />

Having an altruistic<br />

personality, she does not<br />

discriminate when it<br />

comes to choosing who to<br />

help. She goes out of her<br />

way to help newcomers<br />

from every corner of the<br />

world.<br />

Some would find it<br />

challenging having to<br />

interact with people from<br />

diverse cultural backgrounds,<br />

but Meggy, who<br />

has been a tireless volunteer<br />

in the migrant community<br />

for many years,<br />

takes it all in her stride.<br />

“I’m not focused on any<br />

one culture, I’m doing the<br />

whole bit, which is a lot<br />

harder to do. You have to<br />

understand their culture;<br />

you have to understand<br />

how they react to you and<br />

all that.”<br />

She joined the Southland<br />

Multicultural Council<br />

in 2013, as it was the<br />

first point of call for new<br />

migrants to the city. She<br />

was elected its President<br />

two years ago.<br />

In recognition of her<br />

volunteer efforts and<br />

commitment to the<br />

migrant community she<br />

was recently named The<br />

Southland Times Southlander<br />

of the Year.<br />

The paper honours a<br />

Southlander each year<br />

“who stands out by the<br />

work they do, how they<br />

treat people and the passion<br />

they have for living<br />

in the south”.<br />

How did it all start for<br />

Meggy? Well, she migrated<br />

to New Zealand from<br />

Cebu 12 years ago at the<br />

age of 19.<br />

“As I didn’t really<br />

know anyone at that time<br />

I felt isolated,” she<br />

recalls. “That was a<br />

struggle that I had to deal<br />

with personally, because<br />

in the Philippines we<br />

knew everyone in the<br />

neighbourhood.”<br />

Fortunately for Meggy,<br />

her Kiwi husband was<br />

there to provide some<br />

support. “But when he<br />

died there was a gap. We<br />

migrants don’t have family<br />

members that we can<br />

cling onto in times of<br />

need. I experienced that<br />

and I didn’t want other<br />

migrants to feel helpless.”<br />

Finding a job is yet<br />

another challenge for new<br />

arrivals. “In my case,<br />

being a mother is a fulltime<br />

job, but in order to<br />

support my family I needed<br />

a source of income.<br />

“I studied Beauty Therapy<br />

Level 5 and opened a<br />

beauty salon – ‘Meggy’s<br />

Beauty Room’. This was<br />

my first job in New<br />

Meggy Barlett-McBride<br />

Zealand.”<br />

New Kiwis also face<br />

other challenges. “Transport<br />

is a problem in<br />

Invercargill,” notes Meggy.<br />

Then there is the language<br />

issue. “We Filipino<br />

migrants speak English,<br />

but we are not used to<br />

using it all the time. So<br />

some of us do have trouble<br />

conversing with others.<br />

But it is getting easier<br />

for me.”<br />

How does Meggy juggle<br />

family and work responsibilities<br />

with her passion<br />

to help people? “Volunteer<br />

work does take a lot<br />

of my time. It cuts into<br />

my family and work time.<br />

I have 3 children and they<br />

sometimes become the<br />

second priority. I don’t<br />

really complain because<br />

it’s in my nature to help<br />

people and if I can’t help<br />

I feel guilty.”<br />

What is life like for a<br />

migrant in Southland?<br />

“Compared to when I<br />

first came here, Kiwis are<br />

more accepting of<br />

migrants. 10 years ago<br />

there were not many<br />

migrants here in Southland.<br />

As more people<br />

started arriving the local<br />

community became more<br />

accepting of the migrants<br />

than before.”<br />

According to Meggy<br />

there has been a sharp<br />

increase in the number of<br />

Filipinos coming down<br />

south. Over 1,000 have<br />

settled in Southland and<br />

there are 100 Pinoys in<br />

Invercargill.<br />

“Some are studying at<br />

the Southern Institute of<br />

Technology. There are<br />

quite a few working in<br />

dairy farms and the<br />

health sector - nurses and<br />

caregivers. Some work in<br />

the industrial sector like<br />

in welding; others are<br />

absorbed into administrative<br />

roles, banking and<br />

so on. There are a couple<br />

of Pinoy doctors with<br />

their own practices over<br />

here.”<br />

To make them feel at<br />

home, ethnic businesses<br />

have sprouted up in the<br />

main centres. For example,<br />

a Pilipino and Asian<br />

Store has opened in<br />

Invercargill, as well as<br />

two Filipino cafes –<br />

Goldelights and Kababayan<br />

Eatery.<br />

Volunteers in the community<br />

have strived to<br />

create a welcoming<br />

atmosphere by putting on<br />

a number of ethnic<br />

events.<br />

The Filipino Society<br />

holds an Independence<br />

Day event each year. A<br />

bigger event is the<br />

Multicultural Race Relations<br />

Day organised by<br />

the Multicultural Council.<br />

“More than 3,000 people<br />

turn up for this<br />

event,” says Meggy.<br />

At the end of the day,<br />

you may come to the conclusion<br />

that volunteers<br />

like Meggy are different<br />

from most people -<br />

because they love helping<br />

people so much. “I can’t<br />

help everyone,” admits<br />

Meggy, “but I do what I<br />

can to ease their struggle<br />

so that they can cope with<br />

the obstacles they are<br />

going to face.”


P a g e 0 2 w w w . m i g r a n t n e w s . n z I M i g r a n t N e w s : W e l c o m e t o N e w Z e a l a n d E x p o I <strong>Migrant</strong> Job Board<br />

Dr Hashem Slaimankhel<br />

Suicide bomber<br />

kills peaceful<br />

community leader<br />

KABUL, Afghanistan -<br />

Police paid tribute to Dr<br />

Hashem Slaimankhel,<br />

the Kiwi community<br />

leader who was killed<br />

last month while travelling<br />

in Afghanistan.<br />

Dr Slaimankhel was<br />

among at least 100 people<br />

known to have died<br />

when a suicide bomber<br />

drove an ambulance into<br />

a crowded Kabul street.<br />

Police staff worked<br />

closely with Dr Slaimankhel<br />

through interfaith<br />

events, family harm<br />

initiatives and refugee<br />

resettlement activities,<br />

noting his warmth and<br />

generosity toward members<br />

of all communities.<br />

Assistant Commissioner<br />

Wally Haumaha<br />

said that Dr Slaimankhel<br />

was a strong advocate<br />

for former refugees and<br />

ethnic communities.<br />

“I join with the local<br />

community in mourning<br />

the loss of a dedicated<br />

and deeply respected<br />

community leader,” said<br />

Wally.<br />

“I and others within<br />

the Police will remember<br />

Dr Slaimankhel as a<br />

peaceful and hard-working<br />

man, who was committed<br />

to helping others<br />

to settle and thrive in<br />

New Zealand.”<br />

Dr Slaimankhel, of<br />

Auckland, trained as a<br />

doctor in Afghanistan<br />

and arrived in New<br />

Zealand as a refugee in<br />

the late 1980s.<br />

He was an elder of the<br />

New Zealand Muslim<br />

Association's Shura<br />

Committee and chairman<br />

of the Umma Trust,<br />

which provides social<br />

and community services<br />

for refugee and migrant<br />

communities. He was<br />

previously chairman of<br />

the Afghan Association<br />

of New Zealand.<br />

Dr Slaimankhel had<br />

been visiting family in<br />

Afghanistan and was due<br />

back in New Zealand at<br />

the end of <strong>Jan</strong>uary.<br />

“His relationship with<br />

the Police’s MÇori<br />

Pacific and Ethnic<br />

Services and Ethnic<br />

Liaison Officers extended<br />

for 15 years and Dr<br />

Slaimankhel was a greatly<br />

valued and appreciated<br />

community partner,”<br />

said Wally.<br />

“His commitment to<br />

family violence prevention<br />

has changed lives<br />

and helped make our<br />

country a safer place.”<br />

Photo credit: NZ Police<br />

HUTT MULTICULTURAL FESTIVAL<br />

AND HOLI FESTIVAL <strong>2018</strong><br />

3 March <strong>2018</strong><br />

11am - 3pm<br />

Venue: Naenae Community Hall<br />

39 Treadwel Street<br />

Naenae, Lower Hutt<br />

Food, Arts and Crafts, Air Castle for kids<br />

All welcome!<br />

New approach<br />

to sponsoring<br />

refugees launched<br />

WELLINGTON - Four<br />

community-based organisations<br />

will be the first in New<br />

Zealand to sponsor refugees<br />

under a ground-breaking<br />

new approach, says<br />

Immigration Minister Iain<br />

Lees-Galloway.<br />

The refugees are planned<br />

to arrive here by June <strong>2018</strong>.<br />

Caritas Aotearoa New<br />

Zealand (Wellington),<br />

Gleniti Baptist Church<br />

(Timaru), South West<br />

Baptist Church (Christchurch)<br />

and the Society of<br />

St Vincent de Paul<br />

(Nelson) have been chosen<br />

by Immigration New<br />

Zealand (INZ) to become<br />

approved sponsors for the<br />

pilot of the Community<br />

Organisation Refugee<br />

Sponsorship Category.<br />

“This new approach will<br />

help bring communities<br />

together, so they can feel<br />

involved in supporting<br />

refugees to settle into New<br />

It will be easier for the<br />

building industry to find the<br />

workers it needs to help<br />

address New Zealand’s<br />

housing shortfall, with seven<br />

building-related occupations<br />

being added to the<br />

Immediate Skill Shortage<br />

List (ISSL), Immigration<br />

Minister Iain Lees-Galloway<br />

announced recently.<br />

“The Government will<br />

build 100,000 affordable<br />

homes over the next 10<br />

years and the construction<br />

industry needs skilled workers<br />

to achieve this,” Mr<br />

Lees-Galloway says.<br />

“The Government will<br />

always ensure that where a<br />

genuine skill gap exists our<br />

immigration system will<br />

support employers to get the<br />

people they need.<br />

“Adding these seven<br />

building-related occupations<br />

to the ISSL will make it easier<br />

for employers to get the<br />

people they require, including<br />

migrants, to deliver the<br />

homes this country needs.<br />

“Employing skilled migrants<br />

will meet the immediate<br />

demand for people with<br />

the skills required to rapidly<br />

increase the number of houses<br />

in New Zealand. In the<br />

near future KiwiBuild will<br />

be a catalyst for more young<br />

New Zealanders to work in<br />

the construction industry.”<br />

Employers whose occupations<br />

are on the ISSL and the<br />

Long Term Skill Shortage<br />

List (LTSSL) do not need to<br />

go through the labour market<br />

process and do not need<br />

to prove they cannot find a<br />

New Zealander for the job.<br />

A total of 34 occupations<br />

have been reviewed this<br />

year. In addition to the seven<br />

building-related occupations<br />

three motor industry-related<br />

professions are being added<br />

to the ISSL, as well as midwives<br />

and accountants. Five<br />

occupations are being<br />

removed from the ISSL and<br />

five from the LTSSL.<br />

The removal and addition<br />

of occupations is the result<br />

of extensive consultation<br />

with industry groups, other<br />

stakeholders and relevant<br />

government agencies, alongside<br />

analysis of economic,<br />

labour market and immigration<br />

data.<br />

“I want to emphasise that<br />

employers wanting to bring<br />

in migrant workers for occupations<br />

not listed on the<br />

ISSL or LTSSL can still do<br />

so, as long as they can show<br />

they’ve genuinely searched<br />

for suitably qualified and<br />

trained New Zealand workers,”<br />

says Mr Lees-<br />

Galloway.<br />

Zealand life,” Mr Lees-<br />

Galloway says.<br />

“With this grassroots<br />

approach come positive<br />

social, economic and cultural<br />

benefits, both for the<br />

community and the resettled<br />

refugees.”<br />

The four organisations<br />

will help 25 refugees to settle<br />

into their communities;<br />

the services they will provide<br />

will include: the provision<br />

of furnished housing,<br />

helping them navigate their<br />

community and the services<br />

they need (such as enrolling<br />

in GPs and schooling),<br />

English language classes,<br />

and support towards paid<br />

employment and self-sufficiency.<br />

Mr Lees-Galloway says<br />

the sponsored refugees will<br />

participate in a tailored twoweek<br />

reception programme<br />

at the Mangere Refugee<br />

Resettlement Centre prior<br />

to settling in the communities<br />

with the settlement support<br />

provided by their<br />

approved community organisation<br />

sponsor.<br />

“The Community Organisation<br />

Refugee Sponsorship<br />

Category is only one of the<br />

ways this Government is<br />

committed to supporting<br />

some of the world’s most<br />

vulnerable people to rebuild<br />

their lives and thrive in New<br />

Zealand. This is in addition<br />

to and complements our<br />

existing refugee quota.”<br />

An evaluation of the pilot<br />

programme will be undertaken<br />

by the Ministry of<br />

Business, Innovation and<br />

Employment and completed<br />

by December <strong>2018</strong>.<br />

The evaluation will be<br />

used to inform any future<br />

implementation of the new<br />

category.<br />

Building occupations added to skill shortage list<br />

“I also want to signal that<br />

New Zealanders will be<br />

given every opportunity to<br />

get work and better opportunities<br />

to train and learn<br />

through our Fees Free initiative,<br />

so future reviews of the<br />

skill shortage lists will be<br />

carried out with a view to<br />

reducing the number of<br />

occupations listed.<br />

“The Government is committed<br />

to matching skilled<br />

migrant workers with the<br />

industries and regions that<br />

need them, by strengthening<br />

the labour market test for<br />

work visas and making the<br />

skill shortage lists more<br />

focused on regional needs.<br />

“MBIE officials will be<br />

providing me further advice<br />

on how to achieve this commitment<br />

ahead of the next<br />

review, which is due to<br />

begin in April next year.”<br />

The latest changes are<br />

detailed on the INZ website<br />

here. The revised lists will<br />

come into effect in February<br />

<strong>2018</strong>.


w w w . m i g r a n t n e w s . n z I M i g r a n t N e w s : W e l c o m e t o N e w Z e a l a n d E x p o I <strong>Migrant</strong> Job Board<br />

P a g e 0 3<br />

Tightening of rules puts brakes on the<br />

‘back door’ immigration upsurge<br />

AUCKLAND - It’s official<br />

- the ‘back door’<br />

immigration pathway<br />

used by a large number of<br />

lower-qualified international<br />

students to gain residence<br />

in New Zealand<br />

rather than for study purposes<br />

is now a ‘no go’<br />

zone.<br />

The Labour-led government<br />

has kept its election<br />

promise to improve<br />

the integrity of the immigration<br />

system by cracking<br />

down on this anomaly.<br />

As a consequence student<br />

visa applications have<br />

been plummeting.<br />

Radio New Zealand<br />

reports that the number<br />

STUDENT VISA<br />

APPLICATIONS<br />

PLUMMET<br />

of study visa applications<br />

lodged with Immigration<br />

New Zealand in India<br />

plummeted last year, as<br />

did the proportion of<br />

failed applications.<br />

Quoting figures provided<br />

by Immigration New<br />

Zealand, RNZ reports<br />

that the agency's India<br />

staff considered 9429<br />

study visa applications in<br />

2017, down from 16,380 in<br />

2016 and 25,977 in 2015.<br />

They approved 6425 of<br />

the Indian applications<br />

and declined 3004, at a<br />

decline rate of 32 percent,<br />

down from more than 50<br />

percent in 2015 and 2016.<br />

In the Philippines 1148<br />

applicants were approved<br />

last year and 397, or 26<br />

percent, were refused.<br />

Immigration turned<br />

down 368 applications<br />

from applicants in Nepal,<br />

52 percent of the total it<br />

received, while in Sri<br />

Lanka it approved 552<br />

applications and refused<br />

257, or 32 percent.<br />

In Vietnam, 960 applications<br />

were approved<br />

and 296, or 24 percent,<br />

were refused.<br />

In China, 7327 applications<br />

were approved and<br />

542 were declined, for a<br />

decline rate of 7 percent.<br />

The media is rife with<br />

reports of international<br />

B Y M E L F E R N A N D E Z<br />

students who focus on residency<br />

rather than study<br />

being more open to potential<br />

exploitation from an<br />

employer.<br />

"This is<br />

leaving<br />

them open<br />

to accepting<br />

arrangements<br />

to<br />

buy job<br />

offers, and<br />

thus become<br />

a<br />

party to<br />

immigration<br />

fraud,<br />

in order to<br />

gain residence,"<br />

reports the<br />

New Zealand<br />

Herald,<br />

quoting<br />

officials<br />

advising<br />

the government<br />

on<br />

immigration<br />

policy.<br />

T h e<br />

Labour<br />

Party’s fact<br />

sheet on ‘Making immigration<br />

work for New<br />

Zealand’, issued in June<br />

last year, may provide an<br />

insight to the way forward.<br />

“In recent years there<br />

has been a substantial<br />

increase in low-level study<br />

and reports of sham<br />

courses being used as a<br />

route to work and eventual<br />

residency.<br />

“Many stories have<br />

emerged of people being<br />

exploited, both in their<br />

home countries and in<br />

New Zealand, by people<br />

offering study as a back<br />

door to residency.<br />

“Labour is focused on<br />

our international education<br />

system delivering<br />

high-quality education<br />

that delivers a real return<br />

for New Zealand and does<br />

not put unnecessary pressure<br />

on our infrastructure.<br />

Quality education must<br />

stand on its own merits.”<br />

MIGRANT JOB BOARD<br />

Click on the <strong>Migrant</strong> Job Search banner<br />

on the following websites<br />

for job listings.<br />

filipinonews.nz, pinoynzlife.nz<br />

migrantnews.nz, filipino.kiwi<br />

Advertisers, take advantage of low, low rates<br />

to list your jobs instantly<br />

on this <strong>Migrant</strong> Job Board.<br />

To list vacancies please email for details:<br />

migrantnews@xtra.co.nz or text: 027 495 8477


P a g e 0 4 w w w . m i g r a n t n e w s . n z I M i g r a n t N e w s : W e l c o m e t o N e w Z e a l a n d E x p o I <strong>Migrant</strong> Job Board<br />

Rental crisis - time for action?<br />

RENTAL MARKET CRISIS LOOMING, SAYS PROPERTY INSTITUTE<br />

Following a 100% ‘hit<br />

rate’ on its housing market<br />

predictions for 2017 –<br />

the Property Institute has<br />

now released its predictions<br />

for <strong>2018</strong>.<br />

According to the<br />

Institute CEO, Ashley<br />

Church, the cost of renting<br />

will replace the price<br />

of housing as the #1 housing<br />

issue in <strong>2018</strong> – and the<br />

housing polices of the new<br />

Government, combined<br />

with uncertainty around<br />

housing investment over<br />

the next few years, will<br />

‘scare’ some property<br />

investors out of the market<br />

- creating a growing<br />

crisis with the number of<br />

dwellings available for<br />

rental.<br />

The full list of predictions<br />

are as follows:<br />

Some Property Investors<br />

will abandon the<br />

market and the impact of<br />

this, on the availability of<br />

rentals, will start to<br />

become a problem in the<br />

second half of <strong>2018</strong>.<br />

“The cycles of property<br />

investment are largely<br />

predictable – there are<br />

always a number of less<br />

experienced property<br />

investors who panic, and<br />

sell, when a market flattens<br />

- or who decide not to<br />

invest further during<br />

downturns. This means<br />

that an increasing number<br />

of rentals will convert<br />

to owner occupied<br />

dwellings – putting pressure<br />

on the rental market<br />

at a time when the<br />

demand for housing<br />

(rental and owner occupied)<br />

is already acute.<br />

This trend is already<br />

noticeable in the dramatic<br />

reduction in new investor<br />

mortgages observed in<br />

the Monthly Property<br />

Institute/Valocity<br />

Regional Trends reports<br />

in the latter half of 2017.”<br />

The cost of renting will<br />

continue to rise and this<br />

will replace the cost of<br />

housing as the number<br />

one housing issue in <strong>2018</strong>.<br />

“While it’s normal to<br />

see rent increases in the<br />

period following a property<br />

boom – the environment<br />

in which they will<br />

take place in <strong>2018</strong> will be<br />

made worse as a result of<br />

the combined effect of<br />

unusually high inward<br />

migration (which has<br />

exacerbated rental demand),<br />

loan to value<br />

restrictions (which have<br />

closed investors out of the<br />

market) and Labour’s<br />

plans for Capital Gains<br />

taxes, ring-fenced tax<br />

losses and significant new<br />

compliance costs (which<br />

will cause many property<br />

investors to increase rents<br />

to offset new costs - real or<br />

feared). As a result, we’re<br />

in for big rent increases in<br />

some parts of the country<br />

over the next couple of<br />

years – with those<br />

increases already showing<br />

up in the Property<br />

Institute Regional Insights<br />

Report.”<br />

House prices will continue<br />

to flatten throughout<br />

<strong>2018</strong> – but there will<br />

be no ‘crash’ in property<br />

prices.<br />

“The latest Property<br />

Institute/Valocity Regional<br />

Insights report shows<br />

that median house price<br />

growth across the country<br />

is down to 0.6% year by<br />

year. This is consistent<br />

with the end of a property<br />

cycle and overall prices<br />

(particularly in Auckland)<br />

will now ‘see-saw’<br />

between small increases<br />

and small decreases<br />

throughout <strong>2018</strong>. There<br />

will be isolated exceptions<br />

to this trend (both up and<br />

down) around the country<br />

– but the much hyped<br />

‘property crash’ isn’t<br />

going to happen. We also<br />

note that the latest<br />

Property Institute/ Valocity<br />

data shows expensive<br />

houses continuing to sell<br />

and holding up the median<br />

house price numbers –<br />

and we don’t see that<br />

trend changing much.”<br />

Longer term Mortgage<br />

interest rates will continue<br />

to rise. Expect further<br />

increases of up to 0.5% or<br />

more.<br />

“As was the case in<br />

2017, the general consensus<br />

is that interest rates<br />

are on their way up –<br />

partly because of uncertainty<br />

around international<br />

events and partly<br />

because NZ banks will<br />

need to pay more to<br />

attract diminishing investment<br />

funds from kiwi<br />

depositors.<br />

Expect to see little<br />

change in six-month to<br />

two-year mortgage rates<br />

– but a jump of up to<br />

0.5% (or more) in longer<br />

term rates as banks try<br />

and woo borrowers into<br />

shorter terms in anticipation<br />

of further increases<br />

in the cost of funding over<br />

the next two or three<br />

years.”<br />

New home construction<br />

in Auckland will slowly<br />

increase – but most of it<br />

will be for owner occupiers.<br />

“Depending on your<br />

source, Auckland either<br />

needs 40,000 new homes<br />

‘right now’ or 10,000 per<br />

year for the foreseeable<br />

future. Either way, the<br />

market will continue to<br />

make further progress on<br />

this target in <strong>2018</strong> but will<br />

still fall a long way short<br />

of the number of<br />

dwellings required to ‘fix’<br />

the shortage. These houses<br />

will be built through a<br />

combination of Government<br />

building initiatives<br />

and private sector construction<br />

of apartments<br />

and free-standing homes.<br />

Most of these dwellings<br />

will end up in the hands of<br />

owner occupiers, with<br />

very few becoming rentals<br />

for the reasons outlined<br />

in the previous predictions.”<br />

The Loan-to-Value<br />

rules will be further<br />

relaxed.<br />

“The cyclic flattening in<br />

house prices will give the<br />

Reserve Bank the confidence<br />

to further relax the<br />

LVR deposit rules on<br />

Investors and also to give<br />

relief to Home Buyers in<br />

<strong>2018</strong>. The LVR for<br />

Investors will drop to<br />

30% during <strong>2018</strong> – while<br />

the LVR for Home Buyers<br />

will either be dropped to<br />

10% or 15% (although<br />

this may be limited to First<br />

Home Buyers) or the<br />

‘speed limit’ (the extent to<br />

which trading banks can<br />

have clients who exceed<br />

this limit) will be significantly<br />

increased.”<br />

Property Institute/Valocity<br />

Regional Insights<br />

Report.<br />

Meanwhile – the New<br />

Zealand housing market<br />

has continued to maintain<br />

a holding pattern, according<br />

to the latest results of<br />

the Property Institute<br />

/Valocity Regional Insights<br />

report.<br />

According to the report,<br />

the median sales price<br />

across New Zealand<br />

strengthened marginally<br />

to $503k in December (up<br />

from $483k in November),<br />

while sales volumes<br />

nationwide continued to<br />

go down with 4,942 properties<br />

sold in December<br />

2017 – a 44% drop from<br />

the same period last year.<br />

Mr Church also notes<br />

that, according to the<br />

Valocity data, first home<br />

buyers are still accounting<br />

for around 28% of all<br />

new mortgages across the<br />

country – while ‘refinanciers’<br />

now represent<br />

22% of all new lending.<br />

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