While our economy has only grown by 2% over the last year, this is a reasonable result when compared to many other economies. Our export commodity prices have risen, interest rates look to remain low and our government debt is low. “Overall, during a time of major worries overseas, we are looking good” stated the […]
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Tony Alexander provides his recommendations in relation to borrowing in the current market: “I would fix for two years at 5.4% with some of my mortgage left at the floating rate of 5.74%. I would do this because the two year fixed rate is nicely below the floating rate. The chances of the floating rate […]
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A simple dynamic for our continuing strong housing market is that we have a shortage of housing (largely Auckland). The shortage is exacerbated by lack of construction of new homes and funding for developers. At the moment, the buzz word is Auckland but with people trading stories of being out-bid at auctions, investors are looking […]
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The outlook by a leading economist is that there will be no change in interest rates until 2014. What influences our interest rates is a list too long to print, however, some of the key influencing factors are: how high the NZD goes, will it go higher? Other factors influencing interest rates are the uncertainty […]
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New listings rose during September with an increase of 7.6% on August but up only 0.3 when compared to September last year. The early spring property market continues to show signs of confidence and heightened activity. Confidence amongst sellers bringing their properties onto the market stabilised in September, with the truncated mean asking price steadying […]
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The advantage of a ratelock is that it gives you the option to ‘lock in’ a fixed home loan interest rate for a period — typically up to 60 days — to protect you against interest rate increases. To enter a ratelock agreement you will need to have a confirmed settlement date, the exact loan […]
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Listings for apartments in August were up 16.3% when compared to July, with 529 being brought to the market, on a year-on-year basis listings were down 15.9%. The truncated mean asking price of new listings slipped again to $349,192 in August from $356,762 in July, representing a decrease of 5.6% on the recent three month […]
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First National’s survey revealed the lack of listings throughout the country is driven by vendors waiting for spring. Another reason for the lack of listings is that vendors are unable to find a suitable replacement if they sell. This lack of supply is driving some prices up, with many reports of multiple offers on properties. […]
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Whether it is around your home, boat, garage, car or caravan we can offer a fire safety solution to our clients. This gift contains an extinguisher, smoke alarm and fire blanket. The First National network is very excited about this gift to our clients as it is a potential lifesaver and promotes putting our clients’ […]
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TIP 1. Prepare your children for the move by giving them lots of information about the reasons for moving and letting them know what they can expect in their new home. 2. It’s important to be positive and optimistic because your children’s attitude will largely mirror yours. Focus on the positive aspects of your new […]
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