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

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

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

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

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