Most mortgage rates are lower this month compared to last month, with only the floating and six month rate unchanged. With some mortgage rates on offer now at levels not seen in 50 years, there is clearly some value to be had in fixing for short terms such as one year. We do not expect […]
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The group of eight leaders in the United States over the past week have not produced anything positive in relation to the European debt crisis. The debate persists. Greece continues to spend other people’s money with no commitment to repayment. The continued inability of austerity measures being implemented will only prolong the inevitable within Greece’s […]
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Investors and home owners remember the Reserve Bank (2004 -2007) moving the official cash rate from 4.5% to 8.25% however this is unlikely to be repeated. Most economic forecasters see the OCR remaining constant through the year and interest rates remaining low while the near future looks to deliver low inflation.
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Investors are now doing simple maths when comparing term deposits and the equity market, the chances of a share market decline and another mini crash being highly probable with the events in Europe and globally. House prices are now rising. People are comparing the cost of borrowing with possible capital gain and the scope of […]
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It is now clear that the property market is more buoyant. We have evidence of a flood of young buyers entering the market, investors re-entering the property market and prices are rising. Those purchasers hoping to hang out for prices to fall have thrown in the towel and faced the growing evidence that the property […]
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Confidence is returning to the housing market. The recent REINZ release of the March residential statistics shows a 25 per cent increase in the volume of sales, and a reduction in the number of days between listing to contract date. Buyers are viewed to be more strongly motivated than sellers in all parts of Auckland […]
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