Informed solutions: Nathan Miglani
The market and political landscape of New Zealand is looking steadier and steadier as we head towards Christmas.
One of the most promising global trends is the gradual ease in inflation rates, signalling potential relief for the economy. While we hope for a downward trajectory in 2024, the next 6-9 months will paint a clearer picture.
For those considering restructuring or refinancing their mortgages or contemplating new loans, our advice is to fix for 1-2 years. This will position you to seize more affordable long-term rates when they arrive in the market, reducing the risk of taking high breakage costs. This year has witnessed an amazing surge among first home buyers.
Moving into 2024, seasoned property investors are starting to come back into the market, which will mean aspiring first home buyers at the under 700k price mark will face more competition, and the market between 750k and 1.1 million is anticipated to buzz with activity. Looking ahead, our team stands fully equipped to support your aspirations in 2024 and beyond.
Whether you’re a first home buyer, looking to sell and buy, an investor, or a developer, we are committed to helping you make informed financial decisions.
Contact our team today at www.nzmortgages.co.nz or call us at 0800 100 300.
