Every buyer will go through a series of emotions when choosing a home, from the start of the search to taking possession of the front door key. Let’s not sugar-coat this: buying property can be a stressful time. First-time buyers will experience the anxiety of dealing with each issue for the first time. And for…
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When you work for yourself, you may pay yourself a consistent income, but, more likely, your earnings fluctuate month to month. You may have experience managing your personal cash flow to accommodate this, however lenders tend to look for stability and a track record of making ends meet. So, if you are self-employed and want…
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The skyrocketing price of petrol – despite the federal government giving up 22c a litre in fuel tax to ease our economic pain – has increased the interest in purchasing one of the many electric vehicles (EVs) coming on to the market in Australia. However, despite the gains, sales of EVs still remain low, with…
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Australians have been warned of fast-rising building and renovation costs and urged to re-evaluate their insurance coverage as near double-digit inflation strikes the building industry. Construction costs jumped 9% in the year to March, according to the latest figures from CoreLogic, a leading real estate researcher. This is the steepest jump in building material costs…
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The economy continues to go from strength to strength across every sector monitored by the Australian Bureau of Statistics (ABS). Business revenue turnover in February increased in all 13 industries studied by the ABS, providing evidence that the economy is returning to pre-COVID levels. The result is promising for economic confidence as Australia also continues…
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Has the property market boom ended? It’s possible with the latest property data showing signs that some of the rocket fuel is out of the market, and concerns about inflation and higher mortgage rates could be having an impact. According to researcher CoreLogic NZ, quarterly property price growth was 3.6% across New Zealand to the…
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Confidence in the future of the property market remains at record levels after two years of world-leading growth in property values, despite a fourth successive mortgage hike. According to Statistics New Zealand, more building consents have been granted in the 12 months to February than ever before. Dwelling consents are up 25% year-on-year with 49,733…
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If you’re worried about the future of our economy and wondering if this is the right time to buy a property, look no further than the skyline for your answer. We have a record 150 cranes erected across New Zealand – a true sign of long-term confidence in the economy and the property sector. More…
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The Reserve Bank of New Zealand (RBNZ) has introduced its fourth consecutive interest rate rise in a dramatic attempt to rein in rapidly rising inflation. The 0.5% increase is designed to try to stop inflation breaking the 7% barrier and potentially stalling the economy. It was the biggest increase in 22 years, taking the Official…
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Applying for a home loan can be a confronting experience, whether you’re a first-time buyer or even if you’ve purchased before. There are a lot of moving parts and the very real prospect that your loan can be rejected if there are errors in your application. As mortgage brokers, we help clients navigate the labyrinth…
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