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Housing Market

Mortgage decline rates set to skyrocket as responsible lending changes bite

Let’s start with a question, should your bank have the right to judge the way you live? The Government has made law changes to protect vulnerable borrowers that come into effect on 2nd December, but that will have adverse consequences for homeowners and especially first homebuyers.

Housing Market

5% deposit mortgage product changes lives of scores of first home buyers

Launchpad, our unique home loan for first home buyers has already helped scores of people onto the property ladder just three months after it was launched and we expect it to help tons more.

Housing Market

Property Investors are still hanging in there

I continue to hear stories about investors selling off their properties in disgust at the government’s proposed tax changes. But are investors about to bail out of the market?

Housing Market

Young home buyers are holding off, but why?

There is a Catch-22 situation that first home buyers sometimes find themselves in. They want to buy, but they are nervous, and if they see others stepping back, they do too even though the explicit aim of the government is to give them more space to buy.

Housing Market

How Launchpad is helping boost Kiwis into homeownership faster

To get a deposit up to 20% in today’s housing market takes years. It’s a common story. You can afford to take on a mortgage but the bank won’t let you. Kāinga Ora isn’t an option for higher earners due to income caps and house price caps. It just isn’t fair, right? We saw a gap, so we're filling it.

Housing Market

Time for first home buyers to step up as investors step back

We are now over five weeks down the track from the housing policy announcements of March 23. We still lack some certainty about things and perhaps that uncertainty helps explain some of the things we are seeing in the residential real estate market.

Financial planning

Saving for a house deposit? Grow your savings faster

Saving for a house in the post-covid age isn’t easy. With house prices becoming stratospheric, the Kiwi dream might start to seem more like a pipe dream.

Housing Market

5% deposit home loan could be a game-changer for first home buyers

Launchpad allows deposits of as low as 5%, and is aimed at helping first home buyers who have good incomes but not enough deposit to meet the 20% often demanded by trading banks, or who don’t qualify for the Government’s Kāinga Ora scheme.

Housing Market

Rule changes and house prices - what's going to happen?

On March 23 the government surprised everyone with some draconian changes in the ability of property investors to deduct interest expenses when calculating their tax obligations. Will we really see big changes which could stop house prices rising for an extended period as the government would like? No.

Housing Market

Government policy, interest rates and house prices

This post will start with a little rant and then progress into trying to understand the downstream impacts of a big week for the housing market. Just in case you were under a rock this week, the government announced a major change in housing tax policy.

Housing Market

Podcast: What does the Government's announcement mean for first home buyers?

Newsroom’s Alexia Russell sat down with Chief Squirrel JB to chat about what the Government's recent announcement means for first home buyers. Does it remove the stumbling blocks, or is it still hard as ever for young Kiwis to get onto the property ladder? Are there going to be any unintentional consequences?

Housing Market

Questions asked by first home buyers

One of the advantages which existing home owners have over first home buyers is experience. They have learnt that as a rule there is no “best” time to buy property and it is wise to simply get on with it as soon as one is comfortable with the debt to be taken on, and then manage changes along the way.