The financial crisis certainly has made it interesting times. With something like 74% of all mortgages due to mature off their fixed rates this year, 2010 is not only going to be interesting but stressful for some. Do we fix or do we float? When are rates likely to increase? What could they increase to? All sensible questions but everybody has their own opinion and answer to this. I was fascinated with BNZ Economist -Tony Alexanders’ take on it last week…..Download his weekly overview of 11 Feb 2010
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February 19, 2010To fix or not to fixDecember 12, 2009Identifier Spring/Summer 2009With the spring thaw, and the likelihood that the economy is following suit, May 15, 2008Further signs property values easingNational residential property values have grown 4.9% over the past year, down from the 6.5% growth reported in March, according to the latest Quotable Value statistics for April. The average New Zealand sale price remained steady at $388,465, according to the April report. February 22, 2007Many ThanksRosemary and I would just like to thank you for all you have done. We don’t have a habit of calling on mortgage brokers and with our earlier encounter of one last week, left us discouraged, as they said we would get a loan and therefore wouldn’t even try. But you came in at short notice and did an amazing job. You were able to do the impossible and secure us a loan. We were impressed that you were available from early in the morning right through into the evening there was no answer message which said “you have called us outside normal hours, try again tomorrow.” We would gladly use you again although we intend staying put for some time, so we hope you keep working for many more years to come. We would also recommend you to anyone seeking to raise a mortgage. Regards Peter & Rosemary McDonough December 4, 2006Reserve Bank expected to hold OCR steadyEconomists expect Reserve Bank governor Alan Bollard will hold rates steady this week despite evidence the economy remains surprisingly strong. Bollard’s official cash rate (OCR), which has a direct bearing on floating mortgage rates and a lesser impact on fixed-rate home loans, currently stands at 7.25%. (more…) November 29, 2006Reforms to Tenancies Act 1986Better housing-related law for New Zealanders Building Issues Minister Clayton Cosgrove today announced a package of reforms to ensure landlords and tenants are treated fairly and equally, and to revamp the outdated law concerning apartments and other multi-unit properties. “New Zealand’s housing landscape is changing fast, and the law should keep up with the needs of New Zealanders, whether they rent or own property,” Mr Cosgrove said. November 11, 2006Excellent Auction adviceWe were really pleased when Sue offered Stuart’s services when we decided to go after our first house at auction. We’d watched a couple of auctions and felt out of our depth trying to go it alone. Stuart took time to explain the process, understand what our price expectations and limits were and provided a steadying influence on us at a stressful time. The auction took place in a crowded conference room, and it was reassuring that Stuart knew most of the agents and advisors. The bidding went faster than we could follow, but stopped short of the reserve and ended in a vendor negotiation. This was something that we were totally unprepared for, and was handled very deftly by Stuart, who talked us through it calmly. We won the auction and the price was healthy, but affordable. It’s highly doubtful we’d have got this kind of result without our experienced guide! Thank you so much for your assistance Kim(Assistant to Bridgitte) Thank you so much for your assitance Kim in getting my loan approved to purchase the property in Wellsford. It has been a pleasure to work with you and I will have no hesitation in passing your contact details on to family and friends. August 8, 2006Discounted Interest Rates – How much can I expect?Discounted Interest rates ….How much can I expect? With competition heating up this year, can we expect interest rates to be heavily negotiated in a drive by banks to get bigger market share? I’m a long term client, the bank should want to look after me, shouldn’t they? If not should I change banks? (more…) October 16, 2005SnippetsSunday Times Article October 16 2005 3 members of the Auckland Property Investors Association ( APIA) were interviewed by the Sunday Star Times and agreed that despite the pitfalls investing in property was the best decision they ever made. (more…) |
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