Low interest rates and a buoyant housing market have made property investment look like a very attractive option right now. Investing in property is bound to deliver a better return than putting your money in the bank, right?
The global economic outlook may still be gloomy, but that doesn't seem to have dampened the NZ property market. Read on to find out more.
Not exactly. What has changed is the Reserve Bank of NZ’s requirements of trading banks in NZ to abide by mandated rules that had been put in place.
In what is close to the perfect storm for our business, money is the cheapest it has ever been, but it has also never been harder to access.
With Interest rates at an all-time low, a lot of people are thinking about breaking their current fixed rate to reset at something lower. This is effectively breaking the contract you have signed with the bank, the benefit on the face of it appears obvious for the borrower – stop paying an old fi...
I have never been the fortunate owner of a crystal ball, yet I am constantly asked “what are interest rates going to do over the next couple of years." The reality is I don’t know and nobody genuinely does. People far more learned than I in the area of economics provide any prediction with a cav...
The rapidly evolving COVID-19 situation is sending instant shockwaves through world economies and health systems and the fallout will have longer term impacts on the New Zealand economy and housing market. We look at the situation this far and analyse the key impacts and the response. COVID-19 ha...
The World Health Organization’s declaration of a coronavirus pandemic has seen the economic crisis associated with COVID-19 ramp up to a whole new level, with a global recession seen as a near certainty. The surprise announcement of the Reserve Bank to cut the official cash rate to 0.25% for a ...
The housing market has continued its strong momentum from 2019, with Auckland finally arriving at the party to join the rest of the country. However despite The Reserve Bank’s recent confidence that the economic effects of the coronavirus will be short-lived, there is a danger some NZ property ma...
The announcement that the election will be held on 19 September has signaled the start of the campaign trail. The relentless electioneering has started and the coming months will be dominated with claim and counterclaim about past achievements or lack of and policy direction for the future.
The property market continued to pick up steam during the year to finish the decade with a roar. Buoyed by low interest rates and squeezed by shortage of housing stock, the end of 2019 was marked by very strong price growth in regional markets and Auckland emerging from its slumber. Price records...
I get an influx of clients with optimism and determination booking appointments at the start of every year. They plan to buy an investment property, or help get kids into their first property, and couples start getting serious about a first home purchase. You are likely to get the same sort of en...
The year finished with a good head of steam building in the housing market, and many homeowners no doubt appreciated the feeling of increasing property values as they went about their Christmas shopping. However on the other side of the coin, price pressure on would be home buyers continues to in...