Welcome to Live at the Nut Bar where Squirrel Founder John Bolton (better known as JB) and Chief David Cunningham sit down weekly to chew the fat about things like finance, the economy, investing and what's happening with mortgage interest rates. Knowing these two, there are plenty of laughs along the way as well as the odd debate, of course.
First home buyers are returning to the market despite higher mortgage interest rates. Even so, there is still no sign of a lift in buying by investors. So will 2024 shape up to be a good year for buyers?
The Reserve Bank said it'd take get us here, and with the latest GDP figures released this week, New Zealand is officially in recession. In his latest market update, JB shares his thoughts on what's to come in the economy, and with interest rates and the wider housing market.
The Reserve Bank has today pushed through a 0.25% increase to take us from 5.25%, up to its peak forecasted OCR of 5.50% - while also making it clear we've hit peak rates for this economic cycle.
There’s a pretty unanimous sense across the financial markets right now that there's another Official Cash Rate (OCR) hike in store for us this week. Chief Squirrel, David Cunningham, says that's the last thing we need.
We’re stoked to have partnered with leading residential developer, Avant, and local iwi, Te Ākitai Waiohua, to offer eligible buyers a discounted two-year mortgage rate of 3.95%, when they buy a property at Wirihana.
Investors largely remain concerned about interest rate levels and access to bank finance. So when will they return to the housing market, and what will be the catalyst?
After hitting us hard with one massive OCR increase after another last year, the Reserve Bank's next announcement on 22nd February is one they can't afford to mess up.
Not a lot of us have a spare $1k - $2k floating around each month. So, for those of us due for a fixed rate rollover this year, how do you fill the gap?
This article is a cautionary tale for anyone feeling tempted by the recent fall in long-term mortgage rates: fixing long-term can come with some wicked hidden costs.
We all underestimated the extent to which prices would rise when the pandemic struck in early-2020. Now, almost everyone has underestimated the extent to which prices, and sales, are heading down now that the pandemic is over and the inflation resulting from excess stimulus needs to be brought under control.
Cashflow is king. It's one of those old sayings that just always holds true - and it's one that property investors should be keeping top of mind heading into 2023.