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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The big four banks are all now predicting the cash rate will start rising as early as June with some economists predicting the official rate could go as high as 3% over the next few years. The cash rate is a number the Reserve Bank of Australia sets that indicates the interest that banks or…
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A softening in real estate prices amid speculation of an imminent interest rate rise has caused property listings to fall according to Ray White Chief Economist, Nerida Conisbee. A total 11,000 fewer homes were for sale in the March quarter than in the corresponding period last year. “Sellers are no longer so keen to go…
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Industry experts are forecasting a slowdown in house sales and the number of properties coming onto the market across the six-week federal election campaign, in which housing affordability and rent prices are becoming hot topics. History shows Australians are usually reluctant to sell or rent during a campaign, but their confidence in the market remains…
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Updated laws designed to help owners downsize from their family homes are now in place, which may make it easier and more affordable to plan your retirement. From a mortgage broker’s perspective, the scheme appears worthy of consideration because it’s designed to bolster your savings by minimising tax. You may want to talk to your…
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More Australians than ever are using a mortgage broker to help them navigate the wide variety of home loans on the market today. If you’re buying for the first time or refinancing and have never used a broker, you’re probably asking yourself whether you need any help. It’s simple enough to apply for a loan.…
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A new law designed to help first-home buyers has come into force recently. First-time buyers will now be able to increase their savings in the Federal Government’s First Home Super Saver Scheme from $30,000 to $50,000. Almost 27,000 Australians have been using the scheme, which allows them to make voluntary contributions to their super that…
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