First home buyer or experienced residential or commercial property investor? We have experience, and specialise, in all of these areas and we love to talk..
Is the market taking a breath and pausing or just taking a breath?
Relaxing LVR rules are good for everyone.
For many, the biggest financial outgoing will be your monthly mortgage payments. If you’re struggling financially due to the coronavirus crisis you may have welcomed the recent promise by the Finance Minister with cooperation from the RBNZ and NZ Main Banks to implement payment holidays of up to six months for those who are struggling to pay their mortgage.
An article on why using a mortgage broker makes absolute sense. Worth a read.
Observations from near and afar - reporting for duty.
New Year, New Purchase - upgrade, investment or that kiwianna bach?
Let's figure out a plan for 2020 - make it the year to take action
In the last quarter, values are up as follows; Auckland 1.3% (North Shore-Onewa was up 2.5%), Wellington 3%, Christchurch 1.7%, Dunedin 8.6%, Invercargill 9.3%, Gisborne 6.7%, Rotorua 4.5%.
Auckland increasing is seen as a significant change - and with low listings, strong employment, and easier lending conditions, the suggestion from numerous observers is that it's going to continue.
Thinking of Commercial Real Estate? A good article on the differences between Residential and Commercial.
Relying on the Finance Clause to renege on a deal? Things change this Friday
The key message from any property investor or experienced homeowner is that you always try and create value when you buy.
This week, the Housing Minister announced a number of changes to the government’s program to assist New Zealanders into home ownership.
The changes/tweaks in Monetary/Lending Policy via the Reserve Bank are having a mixed impact.
In recent weeks, banks have reduced their Servicing Test Rates resulting in more prospective borrowers being able to meet the criteria for borrowing than was possible in recent months/years gone by.
The focus on Landlords being bad and Tenants being good has continued in the same vein for the last few years.
The New Version (the previous guidance was retracted based on its contradictions and oversights) of The Landlord Guide on what information you (as a Landlord) can ask of your prospective and preferred tenants.
Coupled with the uncertainty, there are very different views between the Banks and RBNZ on what a reasonable level of reserves would be.
The point is, borrowers and lenders are not all the same – some people earn the exact same salary every week or month.
Different lenders have different categorizations of what is deemed a commercial property v standard residential and this can make a considerable difference to rates.
Mortgage Advisors work for their clients as their priority – we understand all the options for our clients – not just one.
