Buying your first home is an exciting milestone, but navigating the world of home loans can feel very overwhelming. With so many terms, lenders, regulations, and options to consider, it’s easy to get lost along the way. In this article we break down the essentials so you can feel confident about securing the right loan and making your dream of homeownership a reality.
PROPERTY
Everything you need to know about buying your first home, buying your next home, buying your first investment property, and building wealth through property.
Buying property is a great way to begin to build wealth for you and your family, but depending on your financial situation, equity position, and the banks tightening their debt-to-income ratios, it may be a “no” from the banks when it comes to lending.
For the first time in years, it’s a buyer's market in New Zealand and it’s never been a better time to buy for first home buyers. Yes, interest rates are still high, but house prices are the lowest they’ve been in years; still sitting at around 16% lower than when prices peaked in November 2021. Although the market is tough out there, sellers are motivated to sell, making it a great time for first home buyers (that’s you) looking to get a good deal on your first home.
The current property market is looking quite bleak around the entire country. There is a more supply than demand currently, meaning that it’s a buyers market. This can be great if you’re thinking of purchasing a new house, but there may be some things that could trip you up when it comes to selling your own. In this article, we’ll discuss what the selling process involves, what the buying process involves and a top tip from our Founder and Mortgage Broker, Jeff, that might just save you from a very costly mistake and help you navigate this significant transition smoothly. Let’s get into it!
When you’ve just acquired an investment property, there are a couple of decisions you need to make. One is whether or not you’re going to go with a property manager or whether you’ll manage this yourself. For those of you who are thinking – “why don’t I just manage this property myself? It’ll save me money as opposed to working with a property manager, and it sounds relatively straightforward” approach with caution - there can be many hidden risks that you’ll uncover along the way, which may cost you thousands.
In this article, we’re going to break down our top 9 straightforward, easy to implement strategies that can boost your chances in the competitive world of property tenders.
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Asking for a raise right now might sound a little crazy. With government job cuts, unemployment on the rise, and economic uncertainty looming, the timing seems less than ideal. But here’s the truth: life isn’t getting any cheaper, and your hard work deserves to be recognized. While the thought of negotiating a salary increase in the middle of a cost of living crisis might feel intimidating, it’s not impossible. In fact, it could be the smartest move you make this year. In this article you’ll learn 08 ways on how to ask for a raise in the current market, and how to do it right.
For the first time in years, it’s a buyer's market in New Zealand and it’s never been a better time to buy for first home buyers. Yes, interest rates are still high, but house prices are the lowest they’ve been in years; still sitting at around 16% lower than when prices peaked in November 2021. Although the market is tough out there, sellers are motivated to sell, making it a great time for first home buyers (that’s you) looking to get a good deal on your first home.
Two weeks ago, the Reserve Bank lowered the OCR by 0.25%, bringing it down from 5.5% to 5.25% – phew! Although this …
Official cash rate, dovish, rate cuts, inflation. Cut to the chase please – what does this mean for me and my family? The Reserve Bank recently reviewed New Zealand’s official cash rate and decided to hold it steady at 5.5% with hints towards small rate cuts being expected as soon as the end of this year meaning we’ll start to see interest rates (thankfully) decreasing.