With borders officially reopening, many Kiwi expats are planning a move home once more. Here's everything you need to know about getting a mortgage in New Zealand after living overseas.
Recently, I wrote a lengthy article listing the main things I am saying about the NZ residential property market at the moment – some of which I have been warning about for 12-18 months. Here are most of those points in summarised form.
With so many different forces playing out in the market right now - interest rates, inflation, the border reopening - how far might they go?
It's been a nerve-wracking wait on findings of the Government's review into crippling CCCFA law changes - but the announcement brings good news for the Kiwi borrowers, and the industry.
When it comes to your home loan application, getting your finances in tip-top shape will always be an important part of setting yourself up for success. And these tips are a great starting point.
As Kiwis grapple with the double whammy of higher interest rates and high inflation, there’s no doubt people are starting to feel the pinch. Could current economic pressures lead to a drop in house prices?
In my last column a fortnight ago I noted that a buyer’s market is now locked into place around most parts of New Zealand. This week we received confirmation of the same thing from the REINZ’s monthly data release.
Between recent legislative and bank policy changes, and the increasing likelihood of a recession, it looks like we should be hunkering down for a period of pretty significant uncertainty. So, how can property investors protect themselves in the current environment?
Economist Tony Alexander says throughout 2022 and 2023, buyers are likely to keep holding the upper hand in negotiations. All one has to do however is either secure a mortgage (not so easy at the moment) or have cash and therefore no need for one in order to take advantage of this market.
Caution is advised for property investors, as New Zealand starts to feel the impact of recent legislative and bank policy changes.
Lenders to consumers are having to take into account all potential changes in an applicant’s income and that is hitting people intending to take maternity/paternity leave along with those approaching retirement.
Even though it first came to light nearly 30 years ago, New Zealand’s leaky homes saga stills casts a pretty grim shadow over parts of the housing market. If you’re looking at buying (or selling) a leaky or at-risk house and want to school up on the things to watch for, this guide is for you.