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Don’t get caught out by a leaky home

Buying a house is a big investment, so it’s always important to protect your investment and be aware of any issues before you sign on the dotted line. That means keeping your eyes open and watching out for hidden problems – especially if you want to avoid buying a ‘leaky home’.

Unless you’re looking for an extensive renovation project, these tips may help you minimise the risk of buying an unsound property – and protect your long-term investment.   [Read more…]

Get your house sale-ready in five steps

Looking at selling your house? How can you make sure your home truly shows off all of its features? As a would-be seller, you can take a few steps to win buyers’ hearts and maximise the potential of your property. Check out the quick tips below.   [Read more…]

Mortgage Talk

Mortgage Calculator - Image courtesy of Stuart Miles at FreeDigitalPhotos.netHouse purchases have been trickling along over the last few months, with no apparent slow on the market felt from the Reserve Bank’s imposed restrictions on lending. REINZ data show a 2.1 percent increase on October 2012, and an increase of 0.9 percent compared to September 2013.

Housing market indicators provided by the REINZ (October 2013) show house prices are up by 7.2 percent annually, Auckland up by 9.7 percent and the Central Otago Lakes a staggering 19.5 percent. [Read more…]

Mortgage Broker asks, “Who is Still Buying Houses?”

House For SaleMortgage broker says fixed interest rates for housing are rising and it looks like the honeymoon for borrowers is over.

While low interest rates and a shortage of supply of properties are going to remain for quite a while, the entry level market is set to slow significantly as the government restricts the LVR (Loan to Value Ratio). So there is a much greater deposit required, as much as 20% of the purchase price, from October 1.

Some banks have responded by [Read more…]