Earlier in June 2017, the Reserve Bank released a consultation paper on setting restrictions that would limit the amount buyers could borrow for their mortgage based on their income. If these measures are deployed, it’s estimated around 2,000 owner-occupiers and 9,000 investors a year would effectively be cut out of the property market. Would this solve New Zealand’s housing problem? Read on to find out more.
Topics: Debt Consolidation, Debt to Income Ratio, new zealand real estate, First Home Buyer
There’s a lot to think about when buying a home – and if it’s your first time on the property ladder, it can seem a daunting prospect. Aside from the obvious questions you need to ask yourself – “will I be able to afford a mortgage?” “where do I want to buy and what type of property do I want?” – it’s important you carefully research the property you’re intending to buy before committing. Here are 3 ways you can do that.
Topics: Properties for sale, private sale, new zealand real estate, First Home Buyer, saving tips
It’s the plight of every first home buyer: saving for that seemingly unattainable deposit. It can start to feel like the harder you try to save, the further away your goal gets. But, if you ever want to have a place to call your own, you’ll need to start saving. Here are our tips to help you get started.
Topics: Properties for sale, private sale, new zealand real estate, First Home Buyer, saving tips
Many home owners are tempted into selling their homes without the services of a real estate agent. The biggest reason? To save money. Others prefer to rely on the expertise and knowledge of a licenced real estate professional when it comes to selling. To help you decide which option best fits your situation, we’ve outlined some of the things you need to think about when selling your home privately.
Topics: Properties for sale, private sale, new zealand real estate
