
While there is still a lot of global volatility many things seem to be staying the same at the moment. The Auckland housing market is still going ballistic, with what seems ever increasing net migration, the council seems to be getting further and further behind in regards to issues consents to fix the supply side of the equation and the Bank war continues with rates that no one really expected to be this low this far into the cycle.
We are noticing more of the regional areas being targeted for investments as more and more Aucklanders get priced out of their local market and with the likelihood of further tools to try and control the housing market by the Reserve Bank this could cause this to increase further.
It is all but certain that in July this year the Reserve Bank will introduce a rule designed to partially correct the distortion that was created by the introduction of the LVR restriction which moved many of the property markets in favour of investors with solid equity levels.
This has moved away from the initial plan to do with the "5+ property rule" which could have had a reasonable price margin attached to it but wouldn't have affected that high of a proportion of the overall population to three options of which one will be finalised and introduced. These are:
- If the mortgage property is not owner occupied or
- If servicing of the mortgage loan is primarily reliant on rental income or;
- If servicing of the mortgage loan is at all reliant on rental income
Obviously these are likely to have a wider effect than the aforementioned rule that was initially posed. HERE is the most recent RBNZ document around this. THIS article also is well worth reading for many of you as it assesses the potential impact which this rule change could have and both WESTPAC and ANZ Economists have come out stating that it is definitely likely to impact the market.
I'm not normally much of a fan of Bernard Hickey has he has tended to repeat the same article again and again over the last few years in regards to the property market however THIS article is worth a read to at least pose the question on whether rates could go down further. I personally think that there is still more upside risk with rates than downside potential however it is definitely and interesting age we live in.
Contact us today on (09) 476 1199 or email on info@krispedersen.co.nz if you would like to talk to one of our team about reviewing your current interest rates.
14 Comments
Georgia Drake says ...
Market is updated about the trade and points of the foreign exchange. The challenge of the market and best online essay writing services is demarcated for the citizens. The market is revolutionized for the fulfilment of the goals of the traders and investors for the fourth coming items for the supply and demand seekers.
|
LouisMCarlino says ...
Thanks for the <a href="http://www.ussrs.com/">nice</a> post.
a review |
today lottery sambad says ...
Hey There. I found your blog using msn. This is a very well written article. Ill be sure to bookmark it and come back to read more of your useful info. Thanks for the post. Ill definitely return. today lottery sambad
|
keto diet blog says ...
The website is looking bit flashy and it catches the visitors eyes. Design is pretty simple and a good user friendly interface. keto diet blog
|
engsom09112 says ...
The writer has outdone himself this time. It is not at all enough; the website is also utmost perfect. I will never forget to visit your site again and again. Done for you apartment investing
|
Aceite picual says ...
Hello I am so delighted I located your blog, I really located you by mistake, while I was watching on google for something else, Anyways I am here now and could just like to say thank for a tremendous post and a all round entertaining website. Please do keep up the great work. Aceite picual
|
ditroz says ...
very interesting post.this is my first time visit here.i found so mmany interesting stuff in your blog especially its discussion..thanks for the post! ditroz
|
voucher codes says ...
Thanks for an interesting blog. What else may I get that sort of info written in such a perfect approach? I have an undertaking that I am just now operating on, and I have been on the lookout for such info. 토토사이트
|
Edwin Urrutia says ...
Everything has its value. Thanks for sharing this informative information with us. GOOD works! Edwin Urrutia
|
engsom09112 says ...
Im no expert, but I believe you just made an excellent point. You certainly fully understand what youre speaking about, and I can truly get behind that. Kevin Galstyan
|
california lemon law attorney says ...
Thanks for the nice blog. It was very useful for me. I'm happy I found this blog. Thank you for sharing with us,I too always learn something new from your post. california lemon law attorney
|
residential painting toronto says ...
Thank you a bunch for sharing this with all of us you actually realize what you are talking about! Bookmarked. Please also seek advice from my site =). We could have a hyperlink change contract between us! residential painting toronto
|
Owais says ...
Thank you very much for writing such an interesting article on this topic. This has really made me think and I hope to read more. after effects templates
|
David Brown says ...
Super-Duper site! I am Loving it!! Will come back again, Im taking your feed also, Thanks. indian chatting rooms
|