I’ve just released the results of my latest survey and the numbers are not much changed from where they were at the end of June. Buyers remain in the shadows and prices are falling all around the country.
Lenders to consumers are having to take into account all potential changes in an applicant’s income and that is hitting people intending to take maternity/paternity leave along with those approaching retirement.
As a general rule of thumb, any property investor who has at least six rental properties is viewed as a "professional" property investor through the eyes of the bank. And the way these investors are treated by the banks is markedly different to someone whose main income is not from property.
Credit bureaus in NZ are now looking at monthly account behaviour for all lending products as well as account behaviour for a number of utility bills. Basically, if you miss a payment, everyone will know about it. Here's everything you need to know.
Right now, being a bank customer without using an advisor must be a nightmare.
I am always frustrated by our media and how they report house prices. Tabloid rubbish bouncing from headline to headline with no substance.
Commentators continue to talk up the property market and increasing prices almost at the chagrin of the RBNZ.
Going to the gym. Saving an extra $20 every week. We all have different ideas for our resolutions in the new year, but what about those buying their first home?
We tend to get a feel for what is happening in the market well before the media and have been calling this a buyer’s market for 3-4 months now. The media is slowly catching up.
The Reserve Bank doesn't want you eating the cupcake, so they are putting first homebuyers on a housing diet.
A lot has been happening the past few weeks that has impacts for property and investors. There is so much going on, it is hard to bridge the gap between macro and micro factors affecting property.
Is big better? The way banks respond to larger investors, you’d think probably not.