2013
Impact of RBNZ capital increases on housing market and interest rates
Filed under: Featured, First Home Buyers, Housing Market, Interest Rates, Investment Property
Whoop whoop – we have our finger on the pulse! The RBNZ announcement today that bank’s will be required to hold more capital on high LVR (loan-to-value) residential mortgages is a smart move in the right direction. Something I’ve been ranting about for a while. Higher capital will reduce bank profitability on high LVR mortgages.
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Pre GFC, Property Developers had mythical rock star type status. The public face of the industry was full of massive egos, fast cars, illicit drugs, and self-absorbed “beautiful people.” Intelligence has never been a prerequisite to be a Property Developer. During the last property boom, money flowed so easily out of dodgy finance companies you
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Welcome back High and Medium Density Living
Filed under: First Home Buyers, Investment Property, Mortgages
Apartment lending is back with some banks lending up to 95% on an owner-occupied freehold apartment. This is an important step forward, especially for Auckland. Now we just need some Developers back in the game building apartments and town houses
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Maybe. I just had clients miss out on a small 2-bedroom house in Sandringham on a half site that sold for $668,000. 3 months ago it would have sold for $625,000. 18 months ago $625,000 would have bought you a renovated 3-bedroom bungalow in the same area. In that lies the problem. Auckland has a
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It has been mildly interesting having a skim through the productivity commission report and various commentaries. The issues have been obvious for the past 10 years and the fact we need a 260-page report from a productivity commission to tell us what we already know is ironic. A property’s value will be a function of
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