Well, things have certainly become somewhat 'disjointed' as this COVID virus impacts our lives. The first point we would make however is that the Financial Advice industry of which Onion is a part, is here to assist you get through this event.
First home buyers planning to use their KiwiSaver funds as a deposit should talk to their provider about switching into a cash fund, says the government's money advice arm.
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