Blog

With the current combo of cheap lending and subdued property values, in today’s market the idea of renovating to sell needs to be carefully considered. 

Rising demand for rental properties across the country is making it tough for tenants and stock is struggling to keep up, according to the latest Trade Me Rental Price Index.

We all know how hard it is for first home buyers to get into the housing market, particularly with rising house prices dictating the need for higher deposits.This has made Kiwisaver a vital part of a deposit for first home buyers.

CHIEF ECONOMIST CORNER: A FIRESIDE CHAT

Over recent years banks have increasingly employed the practice of adding Low Equity Margins (LEM) to home loan interest rates when they are lending for housing purchases with less than a 20% deposit.

A 2 minute read…Summary covers - Mortgage Borrowing Strategy, Inflation Watch, NZ Property Gauge and Economic Overview.

CHIEF ECONOMIST CORNER: INFLATION WATCH

In recent months movement among mortgage rates has been minimal, and the mortgage curve continues to echo a tick shape, with the sharp low point punctuating the 1-year rate mark. This makes it very clear that the 1-year terms are quite preferable.

These days if you’re buying a home in your twenties chances are you’ll be smugly feeling like you’re winning in life (even if you’ve had to cut back on morning latte and smashed avo brunches). But beware, there are a few mistakes young home buyers need to watch out for.