Independent Economist Tony Alexander gives his take on the factors that are playing into falling house prices. Will things be easier for first home buyers with the housing market softening and easing CCCFA rules?
The expectation held by most of us is that average prices will fall about 10%. That sounds reasonable. But before anyone gets fixated on that number it pays to note something very important.
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 2021 draws to a close, it looks as though we may finally be starting to see that long-anticipated easing of the housing market come to fruition.
Sign JB's petition. The Government has made changes to responsible lending laws to protect vulnerable borrowers, but they have used a sledge hammer instead of a scalpel. This is an example of over reach, and will cause far greater harm to Kiwi homeowners and small businesses than it will protect vulnerable borrowers.
One of the things that makes our peer-to-peer lending platform unique is our use of reserve funds for credit risk management. Reserve funds exist to protect investors from future expected credit losses.
For the last while we’ve been grappling with ever tightening rules on interest-only for investors, and that’s just the beginning of the hurdles. Servicing is getting stricter and investors are having to jump through a few hoops to keep the banks happy.
The Hayne Report was released in Australia recently, and brought about some stern recommendations for the lending sector. The standards have been put in place for the best interests of New Zealanders, however, like anything that is done by the government, they can often carry unforeseen circumstances. Let's take a look at how property investors could be affected.