Here to help you: NZ Mortgages

Well, the property market never sits still.

The past few weeks have brought significant changes, with the OCR holding at 5.5% as of 10 April, providing more stability to the market.

As the rates hold, we can expect them to come down towards the end of the year.

Other changes include notably the Bright-line test reduction from 10 years to two years, effective from 1 July and the possible changes to the Debt-to-Income Ratios. We’ve been keeping our clients in the loop, and now that the Government has put these changes into action, we expect this will make significant impacts on the market.

Investors will be coming back to the market and here in Christchurch, if you’re looking at buying an investment property, locations in the outskirt regions such as Ashburton, Selwyn,
and North Canterbury are going to be especially appealing.

The team at NZ Mortgages is always here to help you navigate the ever-changing property market in New Zealand.

Reach out to our team at www.nzmortgages.co.nz or call 0800 100 300 for expert assistance in finding the best mortgage.