First home buyers

Cam's Blog

First Home Buyers: Get your ducks in a row

Like most of you, I get a few emails dropping in my inbox daily. Generally it's generic questions about buying a property or Nigerian scams requesting my bank account number. But this one was different. Why? Well, I could hear the desperation in … Read more

First Home Buyers: Why all the backlash over buying brand new?!

It’s so easy to sit there in judgement of banks and first home buyers and Kiwibuild and investment property and gauging the impact of debt levels on society… and getting all wound up in that stuff.  And it’s a fact that the comment section … Read more

The issue of consent: Always a deal breaker

Eighteen months ago, I wrote a post which talked about the problem of houses with unconsented works. You can re-read it here if you like. To be blunt: The problem hasn’t gone away. If anything, it’s worse now than what it was then, so I feel the … Read more

Will it get easier to buy your first house?

The question of whether it’ll get easier to buy your first house is one that I’m asking myself after a recent email from a client. In it, they said that they wanted to wait another 12 months before they bought a house. They reckon it’ll get … Read more

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

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

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