First home buyers

Cam's Blog

Deleting debt to get a home loan

Sometimes people come to us with a lot of consumer debt which can be a real problem if you’ve got less than 20% deposit for a home loan. If you're a borrower with a small deposit (most first home buyers!), then basically you need to be squeaky … 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

40% deposit? How the new rules play out for investors & FHB

You’ve probably heard that banks require bigger deposits for people who want to buy a residential investment property – it was 20%, now 40%.... As a result, I’ve been getting quite a few questions lately on just how this is going to play out for … Read more

First Home Buyers: Get your ducks in a row

I got an email recently. But unlike the other 25 that drop into my inbox daily, this one stood out. And not because it was offering me $71 mill in some Nigerian scam. Why? Well, I could hear the desperation in this lady’s words. And it really … Read more

Cam’s market update – The Go2Guys

Each quarter I participate in The Property Market’s Quarterly Update, where a panel of property industry experts contributes their views on Auckland’s residential property market. This month’s chat was all about where interest rates are headed and … Read more

CAPITAL GAIN: What does it mean and why does it matter?

If you’re a first home buyer, you’ve probably heard the phrase ‘capital gain’ – but what does it really mean for you?  In Auckland getting capital gain is something of a weekend sport so most people know what it is, but just to be clear: it is the … Read more

RBNZ to impose speed limit on low deposit loans

The RBNZ looks set to proceed with a version of one of the macro-prudential tools signed off by the Finance Minister earlier this year — a restriction on loan to value ratios. Word on the street is that while the restriction won’t put a complete … Read more

Residential property market survey

Although bank reports are often as dry as a brick in the Sahara the latest residential property market survey done by the BNZ has some interesting information if you care to take a look. Truly. It's on their website. I noted a couple of … Read more

5 reasons why 2012 is a good time to buy a house

I have a funny feeling that this year we'll be helping more people into their first home than ever before. Yes, I think 2012 is a good time to buy a house. That's despite the doom and gloom that keeps coming out of Europe. The ongoing quakes in the … Read more

Kiwisaver as deposit for first home

Lately, more and more clients have been approaching us hoping to use their Kiwisaver money as part or all of their deposit for a first home purchase. Which is really great to see. But often, they are confused as to what they can access. If you want … Read more