After years of shifting conditions, property investors are dipping their toes in the market – especially the ‘mum and dad’ investors.
In July, according to CoreLogic’s data, mortgaged investors accounted for 25% of all property purchases across New Zealand, back to market share levels that hadn’t been seen since late 2016. The trend was particularly evident in Dunedin, Tauranga and Hamilton, where local buyers are looking for rental property opportunities.
With banks starting to ease their LVR regulations, rents rising and many term deposit rates dropping, those who are considering investing for income may be on the hunt for solid property opportunities.
Meanwhile, some economists expect NZ house price growth to pick up to five or six per cent next year, and we may already see the first signs in Spring. Now is a good time for first-home buyers to get on the ladder, and as always, our Mortgage Link advisers are here to help them secure the right mortgage.
To get in touch with the team at Mortgage Link, please contact:
021 835 506
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This publication does not constitute personalised financial advice, may not be relevant to individual circumstances and should not be seen to constitute a recommendation of any description. Before taking any action in relation to matters dealt with in this publication please seek Professional Financial Advice.
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