Talk to us: NZ Mortgages
With the stress of the election behind us, for Kiwi families it is back to the hard task of managing the cost of living, and high interest rates.
As the new government takes the reins, we anticipate changes in the property investment landscape.
Property investors are likely to re-enter the market, and it is highly likely that they’ll be competing with ﬁrst home buyers, particularly for properties valued below the 650k mark.
It is also important to highlight the recent closure of the Kainga Ora First Home Partnership due to overwhelming interest. This development underscores the increasing number of ﬁrst home buyers, and the current stock in the market indicates that there’s plenty more demand to come.
However, it’s worth noting that Kainga Ora continues to support ﬁrst-home ownership through the First Home Loan and First Home Grant programmes, providing viable methods for aspiring homeowners.
The cost of living is an ever-present concern for us all, and it’s important to note that while interest rates are relatively high now, we remain optimistic about the market’s stability as we transition from the vibrant spring season into the summer months.
If you’re contemplating selling and buying, or looking to leverage the equity in your existing property for an investment upgrade, consider NZ Mortgages your
go-to advisers in Canterbury.
We’re committed to helping you navigate the evolving real estate landscape and are available seven days a week on 0800 100 300, or via our website.