Buying tip: When property investors start entering the market, that's the time to buy. Right now, we are seeing a flurry of activity from property investors, while owner-occupier buyers have all but disappeared. What's going on? It takes courage to buy in a falling market. To zig when everyone else is zagging. Property investors know this from experience. Having been through previous down...
We are fast heading into the greatest correction our housing market has seen.Are you ready for it?Savvy investors and market watchers certainly took advantage of the coming situation over 2020/2021 and even the first quarter of 2022 selling out at record highs. All cashed up and waiting to catch the margins over the coming summer months, whilst others sat back watching the headlines and hoping....
It's that ugly word again Inflation and it's currently running at a 32-year high of 7.3%! How does that affect you as a homeowner and what can you do to weather the fast-approaching storm?We are all experiencing increases in the cost of food, transport, and housing but for homeowners due to coming off a low-interest rate and stepping into the current lending market those with mortgages around...
While the media focuses on “hikes” to the OCR which only affect floating interest rates and short term fixed rates like 6 months and 1 year, the longer-term fixed rates of 2, 3 & 5 years have steadily risen over the past 6 months. This is primarily because the longer-term rates are funded through the bond market and offshore money markets in the USA and Europe. We were also quick to forget...
With the new regulations now in full effect, we are definitely needing to find every dollar possible for our clients in this changing market. Most of the major banks have increased their “ test” rates lately which is the rate they calculate a client's ability to afford a mortgage. Even though the interest rates are currently around the 4% mark, the banks will actually calculate affordability of a...