I’ve been talking with a large number of first home buyers these past few months. Earlier today I was reflecting on what has changed since the “credit crisis.” Here are my thoughts
2009
Tough Borrowing Rules Impact Property Investors
Filed under: Business Advice, Investment Property
Because investors now face tight borrowing constraints, they need to critically re-evaluate every property in their portfolios. Yield has become more important
Credit and lending decisions are increasingly being made by “Head Office.” This can have unwanted outcomes that you need to be wary of. More than ever it is important to plan your mortgages and split your relationship across multiple banks
What the credit crisis means to banks Put simply, banks have significantly increased their housing revenue through margin expansion. They have moved away from aggressive competition to taking margin. Even Kiwibank is not immune. Banks are safe … and profitable … end of story. My back-of-envelope calculations put industry home loan profits at around $1.4
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