Property investors around the country waited with bated breath on Wednesday 4th February for the RBNZ Governor Graeme Wheeler to announce tougher measures on property investors. A couple of days earlier Catherine Harris author of this news item on Stuff suggested it may happen in the RBNZ annual address to Canterbury’s Employers’ Chamber of Commerce.
When borrowing from a Bank or non Bank lender, who receives the money? The answer is obvious – the Borrower does.
So as that’s the case, then the Lender (regardless of whether its a Bank or non Bank) has the risk and not the Borrower.Interestingly here in NZ many people think borrowing from a non Bank source can be risky.
Do you focus on taking years off your mortgage or increasing its term to 3o years? There is no one answer or one right path to take as both options work well depending on what they are used for.
A owner occupier will have different lending needs to that of a property investor.
Property Investors and business owners here is the book you’ve been waiting for!
The author is renown tax and asset planning expert, Matthew Gilligan of Gilligan Rowe & Associates LLP.
For property investors it’s a good day when the Reserve Bank decides to hold the official cash rate. A hold on the OCR usually means interest rates also remain the same or drop and that of course is good news for anyone with a variable home mortgage loan or a fixed rate loan coming up for renewal.
I recently spoke with our associated Mortgage Experts about what the state of the market is. Here is the response below; With a number of interest rate rises in recent times, a lot of people feel they may have missed the opportunity to review their mortgages. This may not necessarily be the case.
The Banks have increased their ‘qualifying’ interest rate for assessing debt serviceability. As a result loans that would have been secured earlier are now being rejected so preparation is key when applying for a mortgage.
Many of you may be aware that the Reserve Bank has been planning to introduce a new rule that would immediately impact on property investors with five or more properties with one Bank. The rule instructs banks to classify clients with more than five properties as a ‘business’. These clients are currently assessed under the […]
Timing is everything. An investing deal can go north or south depending on timing. The timing of when you buy and when you sell for example can make or break the deal. Get the timing right and you can make a profit on your investment. Get the timing wrong and you can be out of […]
House prices are not only a key indicator of what is happening in an economy but they can also be a trigger for a change in economic conditions. Hence the state of the housing market comes under close scrutiny by the Reserve Bank and other Government officials. There is a very close link between house prices and inflation.
Another tax year has gone by and that is a trigger to check up on a few things. Not everyone is required to send in a tax return every year and so it is easy to let things slip by that should be attended to. Firstly, check to see if you are entitled to a tax refund.
Probably more than you think. Just as a Cake needs the right mix of ingredients to rise, so does the value of your property investment(s) Matt Power is an expert property finder. He is also a licensed Real Estate Agent and over the years Matt has successfully assisted a significant number of property investors to […]