Trevor from Prendergast Valuers gives us his view on buying in the current market
There is no need to rush into buying (unless your preapproval is running out!). Yes, it might seem a bit crazy out there at the moment but the pendulum will swing back to buyers over the coming months. Even now, there are still bargains out there, but you won’t find them if you’re not looking
2009
What Rate is Best? Post-OCR Rate Update
Filed under: Interest Rates, Mortgages, NZ Economy
On March 12, the Reserve Bank decreased the official cash rate (OCR) by 0.50%, from 3.50% to 3.00%. It is a dynamic world out there so we’ll keep amending this blog entry as banks respond to the OCR change.
2009
Weighing Up the Costs: Buy Now or Wait for Next Year?
Filed under: Housing Market, Interest Rates, Mortgages, NZ Economy
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.
2009
I’m Not Participating in This Recession
Filed under: Interest Rates, Life and Income Protection, NZ Economy
The next year won’t be easy, but us Kiwis are made of tough stuff. Maybe this global crisis is New Zealand’s opportunity to sneak back up the OECD ladder. For all those pessimists out there, it is time to roll up your sleeves and do something about it. We are a very small fish in a very big pond. Even if the pond shrinks, it is still a very big pond!
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Property Investing: Is Big Better?
November 20th 2011