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Reserve Bank Drops OCR To 2.25% - Surprise to Pero
Mike Pero in OfficeThe Reserve Bank reduced the official cash rate by 25 basis points this morning, and it is now at an all-time low of 2.25 percent.
Mike Pero, the founder of Mike Pero Mortgages and CEO of Mike Pero Real Estate, said he was surprised b...
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Reserve Bank cuts OCR to 2.75 per cent

As expected at 9.00am this morning, the Reserve Bank announced that the OCR (Official Cash Rate) has dropped a further 25 basis points from 3 per cent to 2.75 per cent.  

What does this mean?  For home buyers and existing borrowers it means another decrease in home loans.

The Reserve Bank believes that there needs to be reassurance in a number of sectors includi...

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Greg Murphy to be Roasted by the Best

Four-time Bathurst winner and Kiwi motorsport legend Greg ‘Murph’ Murphy will be the subject of a live roast in an entertaining event to be held in Auckland in November.


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Mike's genes can rule the heart

Genetic factors mean some people need to keep an eye on their heart health even if they live fit, healthy lives. CATE BROUGHTON reports.

Christchurch real estate magnate Mike Pero starts every day with a protein shake, spends time pumping iron in his home gym, and twice a week hits the road on his bike. He can even do 50 press-ups. In his suit.
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Mike Pero Real Estate Ranks 23rd in Deloitte Fast 50

Nationwide real estate company Mike Pero Real Estate, has taken the 23rd ranking on this year’s Deloitte Fast 50 index with 327.8% growth which subsequently places them 6th in their category, ‘Retail or consumer product’.


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Mike Pero sends couple from Manukau City to Muri Beach

Kat and Patrick Komene of Wattle Downs, Manukau City, have won flights and accommodation to the picturesque Pacific Resort in Rarotonga, Cook Islands.


The couple won the holiday after having their home appraised by Gena Adam of Mike Pero Real Estate Manukau. “I was so pleased to hear that the winners of the promotion were our vendors Kat and Patrick, they are...

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Positive Outlook for First Time Buyers

Mike Pero believes the proposed National housing plan would be positive for the housing market.


Over the weekend, National announced their $218 million HomeStart package which aims to help an estimated 90,000 first home buyers and young families into their own homes.


“I believe it’s a very positive outlook for homeowners and f...

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Nelson office takes top awards at Mike Pero Conference

The Mike Pero Real Estate Awards took place in the Gold Coast, Australia on Wednesday with the Richmond East team scooping up a number of the top awards.


Craig and Kellie Hamilton were the first to be inducted into the Mike Pero Real Estate 'Hall of Fame' and were the 'Supreme Award' winners for the South Island.


They also...

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That’s all folks – OCR increases for 2014

Today's announcement by the Reserve Bank should be the last of the bad news for this year.  The expected increase of 0.25% has taken the Official Cash Rate to 3.5%.  Most banks are already increasing their lending and investment rates.  Floating rates with the major banks look likely to re-establish at between 6.25% and 6.50%.



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Mike Pero Sponsors Barry Sheene Motorcycle Classic

Mike Pero Real Estate have taken the naming rights sponsorship for the Barry Sheene Motorcycle Classic at Hampton Downs this Labour Weekend October 24-25-26. The Barry Sheene is a tribute meeting to one of the great characters of the Grand Prix arena and twice World 500cc Grand Prix Champion.

This annual historic motorcycle race meeting is the largest International meeting in ...

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The Mike Pero Flying House Balloon

At the break of dawn on Wednesday 26 February, The Mike Pero Flying House Balloon completed its maiden voyage to the delight of the early risers of Auckland. The ‘house’ floated across the city skyline, taking in the stunning views of the harbour...

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Greg Murphy Clinches NZ V8 SuperTourers Title

Mike Pero Racing’s Greg Murphy is the 2013 BNT New Zealand V8 SuperTourers Champion, emerging victorious after two thrilling races at the Mike Pero Pukekohe 500 today.


Murphy came into the day with a one point advantage over title nemesis Ant Pedersen, and after losing the points lead with fifth in this morning’s 70 lap race, he and co-driver Jack Perki...

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Murphy and Mike Pero Racing Clean Sweep Opening SuperTourer Encounter

Murphy and Mike Pero Racing Clean Sweep Opening NZ SuperTourer Encounter


Greg Murphy has driven his Mike Pero Racing Holden Commodore VE Series II to three wins from three races in the first round of the BNT V8 SuperTourers at Hampton Downs today.


Although he struggled with car setup throughout Friday and Saturday practice, Murphy was imm...

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Top city sales near $4m mark


Christchurch's swankiest house sales in the past year show where the money is in a city under rebuild.


Two Fendalton homes sold during 2012 for close to $4 million, more than 10 times the average price, to buyers from the construct...
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Mike Pero Sponsors CASPER to Promote Suicide Prevention

Suicide Prevention Group CASPER (Community Action on Suicide Prevention Education & Research) has signed a sponsorship deal with Mike Pero Real Estate and Mike Pero Mortgages, which represents close to one million dollars in value to the organisation.

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Mike Pero Real Estate on Campbell Live

Tom Bayliss , Salesperson Mike Pero Real Estate talks about Kaiapoi Property Sales (story starts at 12:06)


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Restore Christchurch Cathedral

Mike Pero talks about the importance of saving the Christchurch Cathedral. Find Restore Christchurch Cathedral page on Facebook, or visit



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Mike Pero Urges Cantabrians to Unite to Save the Christchurch Cathedral

Christchurch-based entrepreneur Mike Pero is appealing to all Cantabrians and those from further afield to make a stand against the destruction of Christchurch Cathedral.Pero, who was born and bred in Christchurch and lives here with his family, says now is the time for Cantabrians to have a say in major decisions that are being made in relation to the city&r...

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Murphy Shows Some of What's to Come

Mike Pero Racing’s Greg Murphy has deemed the inaugural round of the V8SuperTourers series at Hampton Downs an overwhelming success. “It’s been a short period of time to get this whole championship together and the work that has been done is phenomenal by all concerned. To have all the cars built along with procurement of sponsors, it’...

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Murphy Takes Historic First Win in SuperTourer Series

Greg Murphy put his name in the history books today when he won the first-ever V8 SuperTourers race at Hampton Downs.


In a thrilling race to kick the series off, around 6000 race fans watched Murphy reel in a fast-starting Andy Booth to win. Surprise pole sitter Kayne Scott was second, showing himself to be a clear title contender after a late start to the series s...

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Greg Murphy Tests out New V8 SuperTourer at Hampton Downs

Kiwi star Greg Murphy has given a glowing appraisal of his New Zealand V8 SuperTourer racer at his first full day of testing at Hampton Down south of Auckland.


Murphy had previously driven a prototype version of the all-new Kiwi tourer, but getting behind the wheel of the Mike Pero-backed M3 Racing Commodore had the four-time Bathurst winner smiling from ear to ear...

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Pero to Sponsor Greg Murphy in New V8 SuperTourer as Part of Suicide Awareness Campaign

Mike Pero Real Estate and Mike Pero Mortgages will be Greg Murphy’s new principle sponsor in the recently announced V8 SuperTourer category. As part of this new sponsorship partnership, Pero and his business owners in both mortgages and real estate will work with Murphy and the racing team to promote CASPER, a suicide awareness campaign.


Murphy has a str...

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Mike Pero Real Estate Gains Real Momentum

Mike Pero Real Estate is proving popular with New Zealanders, reaffirming a Colmar Brunton survey conducted earlier this year that found 91 per cent of Kiwis would put a real estate company offering a commission rate of 2.95% on their shopping list.


Kiwi entrepreneur Mike Pero announced the launch of his next generation real estate company in February of this year,...

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Consumer Magazine Article

An article by Consumer Magazine about Real Estate Agent fees.


You will need a membership to view this article.


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Metropol Article

Kiwi entrepreneur Mike Pero has announced the launch of Mike Pero Real Estate Limited, offering a reduced commission rate of 2.95% to sell clients’ homes. Mr Pero says it is time New Zealanders moved towards a commission rate that reflects the challenging economic times that we are in today.


Mike Pero Real Estate is a partnership between Mike Pero and Mike Pe...

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