What is the impact of migration on the housing market? At the moment, migration is a drag on the normal state of affairs because the net flow in the year to May was a loss of 3,653 and because the average flow over the past ten years has been a gain of 15,000 p.a. However, […]
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As many Baby Boomers are considering their options for retirement (and whether they have sufficient funding to protect and maintain their life style) they find themselves in exactly the same position as the previous generation, i.e. those approaching or already in retirement in the early 1990s. Back then, inflation fell from an average of 11% […]
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The rental property shortage is heading to a crisis. It continues to be a National trend which is fuelled by lack of construction of new homes and investment by developers. The cost of new builds and the costs of consents (due to stringent council requirements because of the leaky home issue) are also contributing to […]
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It is the sellers who hold the power as the market returns. For the first time in more than four years, the June BNZ-REINZ Residential Market Survey provides solid evidence that conditions are shifting more towards being a sellers’ market. A recorded net of 15% of those responding claim that buyers are now more motivated […]
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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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