To really make the most of a weekend property, it needs to be within convenient striking distance of your regular home. Once a property is over one and a half hours from your residence, the chances of your enjoyment rapidly waning increase. In excess of two and a half hours and the odds really start […]
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When buying your first home, your first step is working out how big a deposit you’ll need & then to saving hard. 1. Work out what you can afford to borrow and still live comfortably. 2. Get advice from a financial planner, friend or family member who has bought property before. Get as much advice […]
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Home prices have turned for the better, breaking the downward trend that was showing earlier this year. May Quotable Value (QV) statistics indicate that for the past two months, average house prices have lifted nationally, with Auckland house prices jumping 13.1 per cent. However, the rate at which prices are growing is slowing. Growth peaked […]
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REINZ House Prices – Down: REINZ’s sales in March were down 10% on the same month the year before. Interest Rates – Up: Interest rates are creeping up. OCR – Up: Increases are expected at many, if not all, of the OCR announcements this year. Immigration – Up: Migration is at a 10 year high […]
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The monetary policy tightening is an experiment, which means New Zealand mortgage holders should not take big risks with their mortgage. How fast interest rates increase is a guessing game. Homeowners need to minimise and spread risk to combat increases. You can take the increase in cost straight away by fixing your interest rate for […]
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New Zealand property values increased at the slowest annual pace in seven month in April. The annual increase to April moderated to 8.4% well-down on the peak in December of 10%. The latest annual rate of growth for April compares with 8.8% in March, 9.3% in February, 9.6% in January and December’s peak of 10%. […]
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What can you do to gain that price you are seeking for your property? Here are some helpful tips that you can start working on before you meet your agent to list for sale: Mow the lawns Tidy the garden and paint the letterbox Repaint the interior areas which are tired, including cabinets and replace […]
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The predictions are yes! However, it is very difficult to predict, particularly a market such as Auckland and Christchurch, who are driven by a shortage of supply. There are also a lot of younger borrowers who have not seen the rises in interest rates seen by the baby boomers as the current rates we see […]
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World economies have welcomed news this week that the International Monetary Fund (IMF) this week cut the probability of a global recession this year from 6% to 0.1%. This sort of outlook is positive for the New Zealand economy in that it will underpin global willingness to invest in economies such as our own, also […]
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The good news is 7,315 dwellings were sold last month, an increase of 19.4% on February but still 10% down when compared to March last year. A new national record high median price was reached at $440,000 – an increase of $44,000. Auckland and Canterbury/Westland recorded new high median prices of $637,000 and $401,000, respectively. […]
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