When A Little Goes A Long Way What we are referring to is, of course, the 14 August announcement by the Reserve Bank that the Official Cash Rate was being trimmed by .25 basis points down to 5.25, the first cut since March 2020. Director of City Realty Group, Daniel … Read more
Is That Optimism In The Air ? Economic analyst and commentator Tony Alexander, 4 July: “The chances of interest rates being cut by the Reserve Bank before Christmas keep increasing.” In his latest agent survey Alexander reports: “Whereas a month ago only 1% of agents said buyers were displaying FOMO … Read more
Steady As She Goes Is Order Of The Day July 1, 2024 – a big day for the housing market. The bright-line test has been scaled back from 10 years to two years, the loan-to-value ratio (LVR) rules have been loosened, and the debt-to-income ratio (DTI) caps came into force. … Read more
Chaos Reigns – Or Does It ? OCR steady, First Home Buyers Grant gone, brightline test back to square one, investor interest deductibility reinstated, debt to income ratios start 1 July, LVR’s, job losses, the Budget, the cost of living, not to mention protest marches ………………………….. From The New Zealand … Read more
Inflation Slowing But Proving A Stubborn Beast REINZ CEO Jen Baird said about recent inflation levels: “Inflation came in at 4%. Which is good in the fact it is down from 4.7%. At its highest point, it was 7.3% back in June 2022. So the fact that it is trending … Read more
Good News Is Good News A Radio NZ headline on March 28 said: “Lower interest rates getting closer – Reserve Bank governor Adrian Orr.” Reserve Bank governor Adrian Orr said the tide was turning on inflation around the world and there was a clear feeling among central bank leaders he … Read more
Investing in property is a significant financial decision, and choosing the right type of property can greatly impact your investment’s success. For those considering buying an apartment in Auckland, it’s essential to evaluate whether this is a smart investment compared to other property options in the city. In this guide, … Read more
A Collective Sigh Of Relief The OCR survived unchanged following the latest review. Director of City Realty Group, Daniel Horrobin says: “The last thing we need is another bump in the road as activity in the property market picks up speed.” Our mortgage adviser Jamie Maclennan from Loan Market comments: … Read more
Buying an apartment in Auckland City comes with its own set of considerations, and one of the key factors to understand is the concept of body corporate fees. These fees can vary widely and have a significant impact on your ongoing budget as a property owner/investor. In this guide, we’ll … Read more
Welcome to Ray White Auckland Central, your dedicated team of real estate agents specialising in Auckland apartments. Whether you’re a seasoned property investor or a first-time first home buyer, navigating the Auckland City apartment market requires a comprehensive understanding of current trends, neighbourhood dynamics, and budget considerations. Understanding the Auckland … Read more