The property market is finely balanced. There is an element of “the emperor has no clothes” as we all wake up to the reality of the credit crisis and the reality that it isn’t over yet
2010
Mortgage Rates | Fasten your Seatbelts
Filed under: Featured, Housing Market, Interest Rates, NZ Economy
The Reserve Bank is going to have to keep mortgage rates low to prevent a collapse in consumption and the flow on impact on the economy. In my opinion we are in for a sustained period of low interest rates
2010
Renting Versus Buying First Home
Filed under: First Home Buyers, Housing Market, Mortgages
Buying your first home will almost always make better sense than renting. That is unless you live with five other flatties, eat baked beans, and have a communal shower. Those are hard economics to beat under any scenario!
In New Zealand you cannot walk away from your debt. Even after you sell, the lender can chase you for the remaining debt through to bankruptcy. And often they do! As a result, in New Zealand mortgage defaults are a function of servicing and not asset prices.
2009
How the Market is Mispricing Mortgage Rates
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
Mortgage rates will increase, but to a lesser extent than wholesale rates. Long-term mortgage rates are 1.00% higher than they should be and are not good value. Short-term fixed rates offer the best value for money.
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Risk with houses built before 1945
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Growing your Property Portfolio
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Waterview Connection | Implications for Property
December 4th 2011 -
Property Investing: Is Big Better?
November 20th 2011