We have had an interesting ride over the last year or so with the Reserve Bank having introduced borrowing limitations through the LVR program and subsequently easing this policy a little for new builds. We have also seen interest rates climb with a few small increases, Fonterra has announced several reductions in the final dairy payouts, and Economists have been changing their short and long term views of our market. Continue reading
Despite some people making the move from ‘planning to own’ across to ‘planning to rent’, I continue to maintain that property investment is a wonderful vehicle to medium and long term wealth. You may ask why? Over many years as a residential property investor, I have accumulated plenty of experience, some through error and some through success. Continue reading
Owning your own home is a dream that most Kiwis have. Yet there are several reasons why more people are choosing renting over buying their own home, and not all by choice.
Some of these reasons are:
- Properties usually appreciate. However, there are other types of investment that can potentially be equally as rewarding. Sometimes the interest lies more in owning a business, or investment in shares.
- It’s worthwhile considering if we did have a property market crash, and how would you fare?
An article posted in Property September 3, 2014, by Greg Ninness on Interest.co.nz shows credible estimation that Auckland and Christchurch house prices will be seen to gradually increase over the foreseeable future. I have included direct quotes from the article that I see as the main arguments in support of this forecast: Continue reading