2009
When is a good time to buy my first home?
Filed under: First Home Buyers, Housing Market, Interest Rates, NZ Economy
“Action may not always bring happiness, but there is no happiness without action.” – Benjamin Disraeli, former British Prime Minister
And so it is that most people will choose inertia and unhappiness over making a decision for fear of failure. I’ve been reading a number of blogs recently on property and whether buying now makes sense. There has been vociferous argument from both sides
You know the fun is starting when JB is compelled to write a post about mortgagee sales!
Trevor from Prendergast Valuers gives us his view on buying in the current market
My Opinion is not yet. There are some really interesting dynamics at play in the housing market and they differ across the country. The biggest driver will be “limited access to credit.” Most of the banks are only lending to 80% now for Residential and 70% for Investment Property. This rules out a lot of
2009
The Cost of Buying Now or Next Year?
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
The theme here is don’t get too focused on the absolute interest rate. Simply being able to buy, and buying well, are where you will make money in the property market at the moment. Bank credit criteria has made it much tougher to borrow. That said, if you have good income the money is there
most recent posts
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Banking and the Jaws of Death
September 9th 2010 -
Mortgage Packages | Best Mortgage Deals
August 21st 2010 -
NZ Mortgage Rate Forecast | Wet and wild with patches of sun
August 21st 2010 -
First Home Buyers | A New Mindset
August 7th 2010 -
Musings | Bank Economist versus Pikelet the Pig
July 31st 2010