How to Improve Your Odds of Getting Your Bank to Say Yes Raising Bread and Honey Undoubtedly a Kiwi dream is to own a place of our own. Whether it’s a free-standing house, an apartment, or a tiny home, having a roof over our heads that we can call our own, is something most New Zealanders strive for. Homeownership infuses us with feelings of security…
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Should You Buy a Unit or Apartment for Your First Home?
Should You Buy a Unit or Apartment for Your First Home? In the past, we have always said “Buy land, because they’re not making any more of it” which would suggest that a unit or house with a bit of land would be a better investment than an apartment, especially at the entry level of the market. But let’s look at the facts of Buying…
Inflation: Slowly Deflating Your Worries (and Interest Rates!)
Inflation: Slowly Deflating Your Worries (and Interest Rates!) Kia ora everyone! Let’s talk about inflation, that pesky buzzword that’s been clinging to our wallets like gum to a shoe. We all know the feeling – groceries costing a bit more, that dream vacation seeming further away. But here’s the good news about inflation While still a concern, is showing signs of simmering down. As the…
Auckland Property Market Update March
Auckland Property Market Update March The latest statistics in the Auckland region’s real estate market indicate an interesting trend. Despite a significant increase in the number of properties for sale, the prices have remained stable, creating a scenario where buyers have more options to choose from. This situation has led to what is described as “flattish growth,” suggesting a market that is improving cautiously. Real…
Converting Your Cross Lease Title to Freehold
Converting Your Cross Lease Title to Freehold Last year we talked about the benefits of a freehold title over a cross lease, so this month we would like to give you an idea of what is involved in converting your title to freehold. The Process to Convert Your Cross Lease Title To convert your cross-lease title to a freehold (‘fee simple’) title you will need…
Property Market Update 2024
Property Market Update 2024 The Auckland real estate market has shown positive signs as we enter 2024. The year-on-year data reveals a promising picture, with the median house price increasing by 1.1% to reach $1,050,000, the volume of sales rising by 7.6% to 1,478, and the days on the market decreasing by 2 days to 37. These statistics indicate a steady but cautious optimism within…
How Will The New Debt-To-Income Ratios Work?
How Will The New Debt To Income Ratios Work? What is Debt To Income Ration (DTI)? We’re about to get very familiar with a new acronym in lending – DTI’s. Those jumble of letters represent the debt-to-income ratio Banks will use when assessing a borrowers application for finance. This creature is the new macro prudential tool of the Reserve Bank. The Central Bank has long…
Reasons To Be Optimistic About The Markets In 2024
Reasons To Be Optimistic About The Markets In 2024 A year ago, I wrote on the topics below with the same optimism I’ve written about in this article. Suffice to say, it seems I was a little early in my optimism for 2023! To be honest, everything we thought would play out, did play out, it just went a little slower than expected. These key…
How Did The New Zealand Property Market Perform In 2023
How Did The Auckland Property Market Perform In 2023 Well, it’s hard to believe we are at the end of another year in the Auckland property market. 2024 will mark our 14th year in the industry and we are very grateful to have lasted so long in such a turbulent industry. And this past year has certainly been turbulent! Check out our summary below. Auckland…
Should I Sell My Property On A Pre-Auction Offer?
Should I Sell My Property On A Pre-Auction Offer? Property question Q: I have been talking to a few agents about selling my house later this year. Two of the three have suggested going to auction. I’ve heard of people selling on a pre-auction offer – how does that work and is it a good thing to bring the auction forward? Thanks, Lily W. A:…