First home buyers

Cam's Blog

The art of not looking dumb: Getting the right mortgage approval

Let’s say you used mortgage calculator on my website. Let’s also say that you got a positive result and your numbers suggested strongly that you really, truly, honestly were in a position to borrow a stack of money and buy a house. Would you go to an … Read more

Crunching the first home buyer numbers – who makes the cut?

800. That’s the number of people who have used the mortgage calculator on our website since February 2017. We’ve tried to make phone contact with all 800 people and some major themes have emerged. About 200 people entered dud contact details … Read more

A window for first home buyers – but how far will it open?

  I like Peter Thompson of Barfoot and Thompson fame. This week he was quoted by NZ Herald and Radio NZ as saying that first home buyers should be exempt from the requirement to have a 20% deposit, provided the purchase price is under … Read more

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 … Read more

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 … Read more

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 … Read more

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) … Read more

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 … Read more

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 … Read more

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 … Read more