2010
First Home | Kiwi Saver Deposit Subsidy
Filed under: First Home Buyers, Property Buying Tips
If you have been in Kiwi Saver for 3 years you can get a $3,000 grant towards your first home and also withdraw your Kiwi Saver contributions and put that towards your deposit
2010
Renting Versus Buying First Home
Filed under: First Home Buyers, Housing Market, Mortgages
Buying your first home will almost always make better sense than renting. That is unless you live with 5 other flatties, eat bake beans, and have a communal shower. That is hard economics to beat under any scenario!
Most first home buyers do not know that Kiwi Bank and BNZ are the most expensive lenders if you are borrowing over 80%.
Neither Kiwi Bank or BNZ disclose their low equity fees on their web sites. On the positive side they are still both lending up to 95%.
If you are borrowing over 80%
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
The mortgage market has tightened up somewhat but provided you have strong income and a stable job history or no debts, then 95% is still an option for you.
We now have 4 or 5 different options if you are borrowing over 80%. In all instances they only apply to people with decent incomes – household
most recent posts
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Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ | Buying Property in New Zealand
July 25th 2010 -
Mortgage Rates | Forecast after July OCR
July 17th 2010 -
First Home | Kiwi Saver Deposit Subsidy
June 17th 2010 -
Credit Crisis | How the Housing-Life Cycle is Broken
June 13th 2010