There are so many theories as to what will happen post the Cup, but it does seem to First National, that in those towns and cities that are hosting overseas teams and especially those hosting games, there will be some spare rental properties. It’s now quite obvious that considerable volumes of homes are being rented […]
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I spoke with one of our key rural salespeople the other day and he commented that the increased income almost all rural land-use types are reporting is still being used to downsize debt, some needed capital expenditure and for increased pasture management [did you see both major fertiliser companies report between 75 – 100% increase […]
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I know I’ve said it before, but as we’re all in the property market somewhere, we need to be ready for what Spring usually brings in this little country of ours. Firstly, it will bring more homes to the market. This will mean more choice for buyers…and right now they don’t have much of that […]
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While there’s lots of debate about when the mortgage interest rates will rise, the Reserve Bank has flagged it will likely be well into 2012 and with their comment this past week that inflation is quickly disappearing from the economy, that delay may be for even longer. As a note, Australian rates are 2% higher […]
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Well done ANZ Bank! You may have noticed that they scored a comprehensive win in the “Bank of The Year” survey announced last week. Best products, leading service, easiest to contact and knowledgeable staff were the categories, we hear….and they scooped the pool.
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Our National Office ran a survey recently which showed that over 75% of all home buyers this past quarter negotiated their mortgage directly with their bank rather than using mortgage brokers. Seems the banks are offering strong support and, pleasingly, wanting to get to know their clients and their needs more intimately. Good to see.
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It’s been widely reported in the media that following the global financial meltdown and particularly in view of the massive number of finance companies that failed here in New Zealand, individuals with spare funds are almost universally placing that money with banks. Second most popular investment choice was property, including residential and commercial investments…followed a […]
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I’ve mentioned this before too, but we’re hearing that intending buyers who present themselves personally to their lender and bring a well outlined budget, are gaining strong bank support. This is the case in residential and rural markets. First home owners are very actively pursuing this approach at present, doubtless trying to get their property […]
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I’ve mentioned previously that the rural sector is enjoying stable and considerably increased income streams this past year or so and as a result more buyers are interested in making the step to their next property. However, whereas big city partnerships were in the market earlier in the century it is now owner operators and […]
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As is so often the case in tight market times, we are hearing reports of well-founded commercial investors out chasing land and or building opportunities that they may have to sit on until the economy hits its straps again. Again, provincial towns are particularly popular as the signs of the rural spending increase puts pressure […]
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