First home buyers

Cam's Blog

AUCKLAND PROPERTY MARKET: A buyers’, sellers’ or bankers’ market?

September 2016 put a real dampener on the Auckland property market with the announcement from the Reserve Bank of a 40% deposit required by investors. Slowing things down for first home buyers was its direct intention and this legislation has …

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Hello from the other side: Thoughts from a first-home-owner

  One of my team members flicked me an email recently - she raised the point about how unknowing you can be as a first home buyer, and that can make the process far more painful than it needs to be. Louise is a first home owner herself, so …

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Saving for a house deposit: Impossible?

  A significant problem we see with first time buyers is that the pace at which house prices have risen in recent years, has totally outstripped their ability to save a house deposit. With a 15% increase in each of the last two years, a …

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The problem with buying an investment property as your first home

In these difficult and troubled times creativity is needed in order to get into a property, especially if the market you’re buying in is Auckland. So why not buy an investment property in the provinces? They’re cheap (well, cheaper than Auckland) …

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How I renovated without haemorrhaging my home loan

  When it comes to renovating property, 90% of the stories you hear or see on TV make it sound like blowing the budget is inevitable. And that’s a rather daunting prospect when you’re ramping up the home loan to make the transformation …

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Will an $85k income cut the mustard? The harsh reality of home loans

  Imagine you’ve just received a promotion at work – new responsibilities, fancy new job title and more cash. You’re now on $85,000 a year! Oh, the possibilities! A home loan?! Maybe now you can truly consider buying a house! If you’re in …

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What’s in store for the Auckland mortgage market

In my previous blog, I summarised exactly what’s been happening with the economy over the past few years (a lot!), and what it’s all meant when it comes to getting a mortgage in Auckland. Now, let’s take a look at what else is in store – and how it …

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The Auckland mortgage squeeze is on

The final quarter of 2016 represents a turning point for residential property owners because a handful of economic factors have come together at the same time. So, what’s happened and (more importantly) what does it mean for you when it comes to …

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Parents going guarantor: The only way of buying a house in Auckland?!

Whether you’re saving your guts out in the hopes of securing a property, or watching on as the market pretty much sucks away any possibility of your kids owning their own home, the reality of buying a house in Auckland is as far off as ever for many …

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Non-bank lending for mortgages – scary or useful?

The 40% deposit requirement banks impose on investors means that non-bank lenders are coming into their own. Such lenders have always been there in the background, but from my perspective the case for using them for mortgages hasn’t been particularly …

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