although November will still likely show a sharp price increase, for December onward monthly price gains below the 3.5% of October and 2.6% of September are likely.
Treasury warn that house prices might fall 7% from their current levels. But chances are they are much too pessimistic and the recent rise in prices will continue.
We have been closely monitoring
the impact of COVID-19 on the
New Zealand property and mortgage
market again, where things are
Mortgage wars! Lending policies are changing daily! Now, more than ever, is the time to be engaging with a mortgage broker who is experienced and professional.
There is no such thing as a holiday, it’s actually a deferment where the money will either be added to your outstanding balance or your mortgage term will be extended.
We have been closely monitoring the impact of COVID-19 on the New Zealand property and mortgage market. We are here to help and make sure you stay on track.
Take one flat housing market. Add sub-4% interest rates. Stir in tight lending criteria. What do you get? Banks that are competing hard for quality borrowers.
Just when we thought interest rates couldn’t go any lower, the Reserve Bank has been dropping serious hints that the current 1.5% OCR could drop again.
The bigger the renovation, the tougher it is to stick to a budget. We explore 5 ways to keep your budget on track when it’s time to renovate.
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