Home Loans Today

Home Loans Today Home Loans Today is a private fully New Zealand owned company providing expert mortgage and life insurance advice. Mortgage and Life insurance broker.

Auckland based mobile service. Kiwisaver also available. Dream maker to get you to where you want to be financially.

09/01/2024

Im in north shore hospital at the moment no waitakere thanks

31/10/2017

October 2017 Auckland Residential Market:
The usual spring pick up in the property sales appears to be delayed. House values are growing at their slowest in five years. Nationwide it is under 5% and Auckland is just under 3%. The Auckland residential properties increased by just .8% for the year. The average value for the Auckland region is $1,039,066.00.
The post-election impact on the property market can be largely predicted to the possible ban on foreign buyers to the New Zealand residential market. Also by reducing immigration flows this is likely to slow the market even further.
Labour has advised that they want to build $100,000.00 new homes over the next decade. NZ first wants to restrict foreign investment in housing and in doing so, free up more home for locals. What the new Government will decide will affect the current housing market.
The new Government on Friday advised that they are going to increase the petrol tax in Auckland by 10 cents a litre. This is to pay for new large public transport in Auckland. This will increase the costs for one third of all New Zealanders. It will also cause inflation as everything in New Zealand is delivered by road. This will lead to Reserve bank increasing all interest rates to try and bring inflation down. When you give to one person you have to take it from another to pay for it.
Most new home buyers do not have a 20% deposit. This is because this type of customer is considered as a much higher risk to banks and lenders. With the reserve bank limiting the number of high loan to valuation customers, this has limited the amount of money each bank can offer to new home buyers.
If you are reviewing your financial situation and looking to refinance your home loan call Kevin on 021532569 to go over the options available to you

10/05/2017

May 2017 Auckland Property Market:

The Auckland housing market continued to drop in prices slightly through March and April. QV reported that the values in Auckland dropped 0.4% up to the end of April. Barfoot and Thompson reported volumes of properties in Auckland fell to their lowest level since April 2008.
The reason for the drop in volume and price of Properties in Auckland is due to:
a) John Key resigning from the National Party resulting in a drop in confidence in the property market.
b) Restrictions of people being able to get money out of the Chinese market.
c) Banks are tightening up their banking policy making it harder for customers to get funds. Banks ideally need more people depositing rather than borrowing money.
d) The loan to value ratio of 40% being introduced by the Reserve bank last October has hindered people buying investment properties.
e) Fixed interest rates have started to increase in value.
Though sales and prices have slightly dropped what under pins the high property prices in Auckland remain firmly in place. High migration of nearly 72,000 in March and building consents falling by 1.8%. With the Banks also tightening up on Developers a shortage of properties will continue in Auckland.
With interest rates in the USA expected to increase over the 2017 year, you can expect interest rates in New Zealand also to increase. As the affordability of the Auckland property continues to place a strain on people’s income I would expect that volumes and prices will continue to slow. The only saving grace for Auckland is that of the demand for property by the people migration. I would continue to see the property market change from a seller’s market to a buyer’s market. This will mean there will be more properties sold by negotiation rather than auction as the main way to sell your property.

27/02/2017

New Home Buyers Hot Tips:

Part 29 Types of Property Ownership

P.) A license to occupy is another form of ownership. This gives you the right to live in the place but you have no right to the title. This type of ownership can be commonly used by retirement villages. I have also seen this being used by accountants and lawyers to protect ones interest in a property where someone has just married a new partner but did not want their new partner to be able to claim this property as matrimonial property.The property was owned by a trust who gave him the license to occupy the property.

23/02/2017

New Home Buyers Hot Tips:

Part 28: Types of Real Estate Property Ownership:

O.) Tenants in common are another form of ownership. This is where you stipulate your share of the property with one or more others. If you die, your share of the property becomes part of your estate and then dispersed to who you have named in your will. This is a good type of partnership where one person has a larger deposit than the other person to buy the property.

22/02/2017

New Home Buyers Hot Tips:

Part 27: Types of Property Onwership

N) Joint tenancy is where the property is owned by two people and when one person dies the ownership of the property automatically passes onto the living person. This means that the person who has past on, their share of the property never goes into that deceased person’s estate. Most married couples would have this arrangement.

15/02/2017

New Home Buyers Hot Tips:

Part 26 : Tips to Bidding at the Property Auctions:

m) Know the Auctioneers Tricks.

As you visit the auctions the Auctioneer has a bag of tricks to get your bids rolling in on the particular property. They have the gift of the gab normally and use a lot of flattery to get your bids higher. Complementing you on a good bid is a common tactic. Listen out for things said like “That was a great bid” “Go on make another $50k bid fortune follows the brave” “Your looking good, are you in for another bid. Come sir / madam back to you your looking good.

12/02/2017

New Home Buyers Hot Tips:

Part 25: Tips to Bidding at Property Auctions:

L) Know what a vendors bid is?

A vendors bid is where the auctioneer actually bids on behalf of the owner especially where the price in the bidding has stalled and the top bid is no where near the reserve price. Some real estate agents do not allow vendors bids to get the bidding close to the reserve price. They use other tactics like putting pressure on the highest bidder to up their own bids to get it closer to the reserve price. Don’t up your bid as you are only bidding against yourself. Watch out though for the vendors bid.

09/02/2017

New Home Buyers Hot Tips:

Part 24: Tips to Bidding at Property Auctions:

K) Some people have put in a preauction bid to buy the property so that they won’t have to go through all the hassles of bidding at an auction. Sometimes I have seen this work where the vendor does actually accept the bid. I have also seen where this offer then becomes the opening bid at the actual auction and change the date on which the auction will be held. What has been happening is the auction dates are being brought forward. This is also another tactic as it means not as many people will get to see the property as the advertising might have only been going for a week. My personal thoughts are that preauction offers tell the owners what you are prepared to pay for the property. The property market is really hot and busy in Auckland at the moment.

09/02/2017

New Home Buyers Hot Tips :

Part 22 Tips to Bidding at Property Auctions:

f.) Never tell the real estate agent what your top price is as a bidder. They are working for the seller who is paying their commissions.
g.) If the property is passed in at the auction it is normally the top/ highest bidder who has first right to negotiate after the auction.

07/02/2017

New Home Buyers Hot Tips:

Part 23: Tips to Bidding at Property Auctions

H) If the price of the property goes over your limit walk away. There will always be another property out there for you.
I) Never Break Rule H
J) Attend as many auctions as you can before you go to the one to buy a property yourself. Each real estate agency will have different ways to run their auctions. The more you do attend the more you come to understand how each one works and work out their differences.

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