The NZ Property Market and Mortgage Update Podcast

Aug 31 2021 2

The NZ Property Market and Mortgage Update Podcast artwork

Brought to you by Prosperity Finance. Each week we will bring you all the latest news and insights to keep you up to date with everything to do with the New Zealand property market and mortgage lending. As professional mortgage brokers, we'll not only cover the topics Including banks lending policies and interest rates, but also the financial tips on how property investors should structure their loans to grow wealth much faster. To speak with us personally, call (+64) 09 930 8999 or email [email protected] https://www.prosperityfinance.co.nz

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What to consider when buying a commercial property?

Aug 31 2021 15 mins

Last week, we shared some pros and cons of buying a commercial property because many people are now considering investing in commercial property. This week, we're going to continue with this topic and cover some of the areas that you need to consider if you are looking to purchase a commercial property to help you make a good purchase and also get your finance sorted smoothly.-----

Is it a good time to buy commercial property?

Aug 25 2021 18 mins

Recently we have been asked by some clients that whether investing in commercial property is a good idea. The new policies announced by the government and banks are not in favour of residential property investors, such as the bright-line rule, interest deductibility rule, and the LVR rule. It tends to make the commercial sector more attractive because they are exempt from these rul

Three tips to help you improve tax efficiency under the new interest deduction rules

Aug 12 2021 8 mins

Since the government introduced the interest deductibility rule early this year, we noticed some aspects of home loans that people need to be aware. If you don't do them correctly, you may end up paying more tax, or your accountant may have a headache when they prepare your financials at the end of the financial year.That’s why in this episode, we're going to cover three tips to

Are higher interest rates coming?

Jul 29 2021 11 mins

Unexpected announcements of interest rates lifting by over 30 base points from all mainstream banks surprised many of us last week. Whereas interest rates were predicted to remain low for years to come, now turning on a dime and start rising.The one-year fixed term rates have lifted from 2.19% to 2.5%. In this video, we'll go into depth on the reason for the interest rates increasi

Should be you concerned about DTI (debt-to-income ratio)?

Jul 08 2021 16 mins

The debt-to-income ratios are likely to be the most effective measurement that can be deployed by the RBNZ to support the stability of banking system. However, the restrictions will affect property investors, particularly those who are looking to grow their portfolios.In this episode, we’re going to have a deep dive at the debt-to-income ratio – who will be impacted, to what ex

Should I invest in new builds or existing properties? 13 pros and cons

Jun 24 2021 13 mins

The government’s recent housing reforms (March 2021) regarding investment property tax rules are causing kiwi investors to think, “should I invest in new builds or existing properties in New Zealand?”There’s a lot to weigh up between new builds and existing properties, and this has traditionally been a controversial topic among investors.Yet, there's no one-size-fits-all ap

ASB Back My Build home loan: Everything you need to know

Jun 03 2021 11 mins

ASB has launched a new product called "Back My Build" with a cut-price 1.79% variable home loan rate for new builds, as the lender attempts to encourage the lending for building a new home from scratch or purchasing a home and land package.In this episode, we’ll explain how ASB’s Back My Build works and share our perspectives on the benefits and what needs to be aware of about

Is it still a good time to invest in property?

May 19 2021 11 mins

We list the top seven reasons why it is still worth investing in property in New Zealand under the current economic conditions.In March 2021, the New Zealand government announced new housing policy changes targeted at relieving pressure on the overheated market, tipping the balance away from speculators and back towards first-home buyers and long-term investors.As a result, we noti

ANZ tightens servicing for rental property income, will this affect you?

May 12 2021 9 mins

On 10 May, ANZ, one of New Zealand's biggest banks, has announced they would decrease the percentage of rental income they take into consideration when assessing new home loan application from 75 per cent to 65 per cent effective from 13 May, making the first move since the Government's announcement of new housing rules in 2021.In this episode, we'll help you go through ANZ's annou

NZ mortgage interest rates are dropping again (updated in May 2021), not as predicted by economists

May 06 2021 4 mins

Some of the major New Zealand banks have dropped interest rates on short-term loans. At the time of writing (03 May 2021), the lowest one-year rate is 2.25% among these major lenders.In this episode, we’ll update you with the latest information about NZ home loan interest rates 2021 – the current rates for short-term loans, the lowest interest rate, the trend and forecast for t