2023 Review & 2024 Prediction (2/2)

2023 Review & 2024 Prediction (2/2) The property market saw massive changes last year, and it is expected some highs and lows in 2024 as well. 2024 started with a new coalition government that adjusted some legacy labour government laws in the first 100 days. In general, the property market situation is expected to change. No […]

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2023 Review & 2024 Prediction (1/2)

2023 Review & 2024 Prediction (1/2) 2023 was finished, and the property market saw massive changes during this year. I predicted the 10 most important events in 2023 last year. Let’s review it and see what happened:   Interest rates: RBNZ will increase OCR another 0.5~1% in the next 6 months. Then potentially 1 year fixed rate […]

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Election And Property

Election & Property The New Zealand election is on 14 Oct. 2023 and as usual election has an impact on the property market. Usually, 3~6 months before the election property market slows down due to both buyers and sellers waiting on the election result. In other words, people postpone their decisions until after the election. […]

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Market Update – August 2023

Market Update August 2023 After a while, I was so busy helping my clients buy or sell the property (including buying for myself), let’s review the property market. To summarize market change and price reduction now convert slightly to a price increase (about a 0.5% increase per month in part of Auckland). If you were […]

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How long should I fix my mortgage?

How long should I fix my mortgage? A lot of people asking me how long should I fix my mortgage. What is the prediction on interest rate short term and long term? Here are my answer to these questions: First of all, this is general advice & here is my disclaimer.  The decision of how […]

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CCCFA Update

CCCFA Update The new CCCFA rules came to effect on 1 December 2021 which heavily impact the property market in the last 8 months. The government made some changes and clarifications in July which may impact borrowers. The key changes are as follows: Clarifying that when borrowers provide a detailed breakdown of future living expenses […]

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What is the best time to buy a property?

What is the best time to buy a property? A lot of people ask me what the best time is to buy a property? When are we expecting the lowest prices in the property market? Should I buy it now or postpone it to the end of this year or next year? The simple answer […]

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Now Rent Increasing

Now Rent Are Increasing One of my predictions for 2022 was “rent will jump to the roof”, let’s see the statistics, why are rents increasing and what would be the prediction for the next couple of months. Based on MBIE (Ministry of Business, Innovation and Employment) statistics annual average rent increase is about 10%. The […]

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RBNZ Goes Hard and Fast

RBNZ Goes Hard and Fast While I was busy helping my clients buy awesome properties, there was a continuous change in the market, here is some update. Annual inflation was at 5.9% in the December quarter and it is expected to peak at around 7% in the first half of 2022. While inflation is above target and employment […]

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2021 Review & 2022 Prediction (2/2)

2022 Prediction Happy new year. The property market saw massive changes during last year, it is expected there is a lot of high and low in 2022 as well. No need to say high and low create opportunities for people who are in the market, ready and know what going to happen. Let’s start the […]

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OCR Increased, did you miss the chance?

OCR Increased, did you miss the chance? If you missed the opportunity from early October 2021 to check your mortgage structure and how much interest rate you are paying and you will pay in the next 1 to 3 years, your options are much limited today. The current window will be closed very soon here […]

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Where Is My Wealth?

Where Is My Wealth? I was reading a report today which highlight that “Wealth from housing has increased about $400bn in the past two years. Meanwhile, housing debt has increased to $325bn from $280bn pre-lockdown last year”. In summary, New Zealanders are wealthier $355bn from last 2 years (400-(325-280)=355). I encourage you to read this […]

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Act Now, Labour & National Joint Together To Change Situation

Act Now, Labour & National Joint Together To Change Situation Recently Labour & National announce together new density law, the new rule will allow people to build up to three homes of up to three storeys on most sites in Auckland, Hamilton, Tauranga, Wellington, and Christchurch without resources consent.  While this is amazing and shocking news let’s […]

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BNZ reduced lending, Westpac increased rates

Finance Update There are 2 new announcements today by BNZ & Westpac which I want to explain further in this week post. Both of them are key lenders and their decisions may impact the market. BNZ            BNZ announce with immediate effect that it will not lend more than 6 times the applicant income. This […]

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Interest Rates, Property Price, Rent (3/3)

RENT Average rent prices raised 5% from 2015 while inflation (CPI Index) was well control by RBNZ around 2%, bank interest on savings was around 2% and mortgage interest rates around 3%!   This week we look at how much the rent will increase in near future. This is the third part of the Interest Rates, Property Price & […]

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Property Market Update (Week 40-2021)

Property Market Update There were two new announcements recently which I want to explain further in this week post. Both of them will play a key role in how the market work in the short term and long term. The 3rd part INTEREST RATES, PROPERTY PRICE, RENT will be published next week.  As you read in the interest rates post, we […]

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Interest Rates, Property Price, Rent (2/3)

Property Price Average property prices raised 650% over the past 30 years, 150% in the past decade, and 31% in the past year in New Zealand (I encourage you to read it again and think for while).  A lot of people ask me questions about if interest rates go up, if property prices drop or if rent increase in future and how much. […]

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Interest Rates, Property Price, Rent (1/3)

Interest Rates A lot of people ask me questions about if interest rates go up, if property prices drop or if rent increase in future and how much. Today I will talk about interest rates and in the next 2 weeks, I will share with you more info about property price and rent. Let’s share this blog If you […]

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Level 4, Property Market & Opportunities

Level 4, Property Market & Opportunities In a crisis, there’s always opportunity. Given that you’re reading this right now, you’re already ahead of others. New Zealand moved to level 4 lockdown last night. Based on previous lockdown experience expected: Less property comes to market in the next couple of weeks because each property needs some preparation before […]

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