Property experts say investors need to push back when they get a ‘no’ from their bank and keep going until they get a ‘yes’. Investors shouldn’t give up at the first hurdle says Dave Windler of Mortgage Supply Company, as there are funding options available to them and there’s also plenty of property experts keen to assist with strategies that work in today’s market.
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Canterbury property values have eased back but there’s still confidence in the local market. The Trade Me Price Index suggests the average sale price for Apartments over the last three months rose 21 percent. The Price Index calculation ignores all sales with values under 10 percent and 90 percent.
New Zealand is in demand as it is seen as a safe haven for all and sundry. Our annual net migration is expected to get to 60,000. Students are coming here in droves especially from India. New Zealanders continue to return home and people want to emigrate here as a result of our ‘rockstar economy’ and strong labour market.
The Government is fully focused on selling 8000 existing state homes over the next three years and anyone can buy them. The homes must remain as stock for social housing and managed by registered community housing providers.
Outside of Auckland Christchurch is the clear winner with property values above the norm in many areas. We’re all used to hearing about the heady values of Auckland properties however Christchurch should also be on our radar.
Christchurch property owners secured an average increase in value of 4.3 percent in October 2014 and 3.7 percent in November 2014.
There are experts who prefer property over shares though you’d be forgiven for not knowing any by name.
We can all probably name at least three to five experts who love to diss property and push their bias – shares. In an ideal world there would be an equal number of property experts names rolling off our tongues too.
Lower than expected inflationary figures suggest interest rates may hold for longer than anticipated.
A rise in the OCR was expected around March 2015 however economists are suggesting it may happen now.
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.
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 […]
Learn about the ins and outs of Buying Property Off Plan from this new eBook by Matt Power of Property Experts. Matt Power has spent years in the property industry and you can find out more about him and Property Experts by visiting Property Experts website. There are many reasons why home owners and property investors prefer off plan property:
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 […]
After a lengthy period of no change or downwards movement in the OCR the reverse has happened and the rate went up. Is this it for a while for can we expect more increases and frequently?