First home buyers

Cam's Blog

You don’t want to live in Wanganui

We all know that buying a first home is a challenge. Especially in Auckland where prices are what they are. So it makes sense for people buying a first home (or second) to turn their attention to other locations where house prices are lower. Like … Read more

Avocado: A new macro prudential tool

You can wait a lifetime to have a Eureka moment. Mine happened this morning actually, as I munched my breakfast salad, lovingly prepared by my beautiful wife. Breakfast salad is a wonderful mix of bacon, egg, cherry tomatoes, mushrooms, lettuce … Read more

Is property investment for you? Stacking up the big numbers

I’m a regular reader and subscriber to Tony Alexander’s ‘Weekly Overview'. I find it’s an interesting read mostly, and I like his writing style because it’s very much like his speaking style – I feel like he’s shooting from the hip but you’re still … Read more

Shared Equity: A can of worms?

The current Government is squarely looking to address issues of inequity in the housing market, particularly for those who want to get into it for the first time. People say the system is broken and the dream of owning a home is something that an … Read more

Auckland property market: Flat as a pancake

Interesting times in the Auckland property market. A year-on-year comparison of house price growth by Core Logic shows some parts of the city are still seeing some price increase but that’s not a unanimous picture, and the increases aren’t exactly … Read more

Why so many failed auctions?

One thing that’s been really on my mind lately is the number of failed auctions we’ve seen in Auckland over the last 6 to 12 months. It astounds me that real estate agents are continuing to push this method of sale when it seems to be such a … Read more

The gap between expectation and reality = OPPORTUNITY

When a property market changes there’s always a lag between that point and when market participants figure it out. Interestingly, participants never figure it out at the same time, which always creates tension. And tension is just another word for … Read more

Banks say credit rationing is a myth: Yeah right

If it walks like a duck, farts like a duck and makes a great confit like a duck, then it’s gonna be hard to call it anything else. Yet that’s exactly what a couple of bank CEOs would have you believe. Sorry, gents I’ve got to take you to task … Read more

Getting a proper pre-approval

Following on from last month's post about moronic home loan pre-approvals, I thought I’d throw a word of caution out about the limitations of a quality mortgage pre-approval. Yes, sorry to say, there are some. Obviously, a real pre-approval is … Read more

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

Let’s say you used the 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 … Read more