Talk to us about your mortgage: Tony Mounce Mortgages
Whether you’re a first-home buyer, a seasoned investor, a growing family in need of more space, or someone looking to downsize, the property market is in constant flux.
Each type of buyer faces unique challenges and opportunities, especially in today’s ever-changing landscape. In such an unpredictable and changing market, it’s essential to seek expert advice, and there’s no-one better to talk with than the experts at Tony Mounce Mortgages.
“With recent legislative adjustments like the Bright-line test time reduction, changes to the First Home Buyers grant, LVR updates, the recent OCR reduction, and the introduction of the DTI, the market can shift quickly, impacting your decisions and strategy,” says Tony.
“The cost-of-living crisis is also making its mark, with more properties entering the market, driven by higher interest rates and shifts in employment circumstances.”
He says that while many regions acrosss the country are experiencing noticeable price drops, Canterbury has remained relatively stable, avoiding the significant swings between a seller’s and buyer’s market that other regions are beginning to see.
“For property investors, the changes to the Bright-line test offer more financial flexibility in selling. However, with the current economic conditions, we may see more properties listed, potentially leading to longer selling times.
“Investors should carefully consider their personal circumstances, the recent OCR decrease to 5.25%, and overall market trends before making any decisions,” he adds. His advice is to seek expert guidance; “Before making any decisions about buying or selling your property, consult the team at Tony Mounce Mortgages.
“With decades of experience and a deep understanding of market trends, we are committed to guiding generations of investors and homeowners through the complexities of the property market. Whether you’re entering the market for the first time or making strategic adjustments to your portfolio, our insights and support can help you navigate these turbulent times.”
