First home buyers

Cam's Blog

Owning a home in NZ just got easier – or did it?

Falling interest rates have been the big mortgage and property story for 2019.  Everyone wound themselves into a froth earlier this month when the RBNZ reduced the OCR. And while the banks didn’t follow suit immediately, manna from heaven was … Read more

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

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

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

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

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

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

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