What Do People Mean When They Talk About “The Property Market”? The weather in February really hit the property market with historically low sales for the month, in fact the lowest number of sales in a February in over 25 years, and 38% down on last February! Of course the media has had a field day with these statistics, which brings me to: What do…
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Four Rules To Buy Renovate & Rent Your Next Property
Four Rules To Buy Renovate & Rent Your Next Property We sold a few properties late last year that were renovate jobs. And as such, they represent quite an opportunity for people with a few DIY skills. One way to outperform the current slow market conditions is to consider the concept of “manufacturing” capital growth through renovations/renovate. In the current market it’s really hard to…
Why You Should Be Investing Into Buckets
Investing Into Buckets Go and purchase any number of books on the topic of investing, building wealth, or retirement planning, and most of the authors will speak about their version of ‘investing into buckets’. It is certainly a theme shared by most of the world’s greatest and well-known investment experts. What do we mean by ‘investing into buckets’? In this article, we will break down…
Demystifying Mortgages And Its Jargon
Demystifying Mortgages And Its Jargon This month we thought it was a good idea to get stuck into demystifying mortgages a little bit by explaining some of the jargon in our industry because there is so much of it! OCR – The Official Cash Rate, Set by the Reserve Bank. It affects the price of borrowing and savings in New Zealand and influences economic activity…
Riding The Rollercoaster of Property
Riding The Rollercoaster of Property Well, here we are at the end of another interesting year in property 2022 – and it’s been a real rollercoaster! Here is an interesting graph about NZ asset classes (as at Sept 2022). You can see that we as a nation are pretty committed to property – no wonder we call it our national sport! What surprised me is…
Have Some Reasons to Review Your Life Insurance
Have Some Reasons to Review Your Life Insurance When I first was signed up to Life insurance I was 17, I went to the National Bank for a personal loan for a tricked-out Subaru. The person approving my personal loan was adamant that I needed Life insurance to match the personal loan. By the time I needed to think about Life insurance again it was…
The Do’s and Don’t of Applying for a Home Loan
The Do’s and Don’t of Applying for a Home Loan So you have decided to apply for a home loan. Whether this is your first or second property, lenders and mainstream banks change their criteria and the way they deal with their customers. What you could do last year may not be the best option for you this year. I have created a do’s and…
Why Isn’t My Home Selling?
Why isn’t my Home Selling? Q: We put our home on the market 3 months ago (auction) and had no bids. Since then we have marketed it By Negotiation but we haven’t received one written offer. Our agent is a lovely lady but we just don’t seem to be getting anywhere. Any suggestions? Diana C. There is nothing as frustrating for a home seller as…
What To Look Out For When Building a New Home
What To Look Out For When Building a New Home I thought we would take a look at the considerations when looking to buy and build a new home. It can be complicated but is a popular option for many. The ability to choose your land, your plans and how to make it all perfect to your requirements and brand sparkly new is exciting and…
5 Top Tips on First Home Buyer Advice For Your Children
5 Top Tips on First Home Buyer Advice For Your Children These may seem obvious, but we see many many first home buyers at our open homes and many are quite naive. 1. Understand how much you can afford. This is not about the price range you are looking in, it’s more about knowing how much you can afford to pay for your mortgage. So,…