I found this an interesting "Press Release" on how homebuyers may be able to get a property by taking in flatmates - and the home builders Generation Homes see it as a sales strategy - i.e., buy a bigger home 3 or 4 beds maybe with an additional bathroom and sitting room...
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Building Company suggesting a way FHBs can get onto ladder
Hi All,
I found this an interesting "Press Release" on how homebuyers may be able to get a property by taking in flatmates - and the home builders Generation Homes see it as a sales strategy - i.e., buy a bigger home 3 or 4 beds maybe with an additional bathroom and sitting room... -
How Are Most FHBs Getting On The Property Ladder? Interesting Statistics
Hi All,
Here is an interesting report from The Public Trust on how wealth gap is growing due to family financial assistance to first-home buyers.
From The Public Trust
Who on PropertyTalk has helped out a family member get onto the property... -
First home buyers can grab a bargain
First the not so good news.....
How to feel poorer within 12 months. Homes in Auckland and Wellington now value up on average $250,000 lower than they did a year ago.
Tough, if you have to sell. I wonder how many sellers just don't know now is not the time to sell and if they...Last edited by donna; 13-04-2023, 01:39 PM. -
S#%ts going to hit the fan.
An agent I deal with sometimes was discussing the current market atm. She mentioned that currently it was not so much FHBs looking to buy but more current buyers looking to downsize. This group had bought in the last 2 yrs at the top of the market but can no longer handle the current interest rate hikes....Last edited by Frezzinghot; 07-12-2022, 02:22 PM. -
How To Calm First Home Buyers With Negative Equity
When the RBNZ Governor says house prices are predicted to drop 20% - homeowners listen and for first home buyers with homes now or soon to be valued at less than their mortgage, stress starts to kick in.
Source
Umm, not much empathy for the first home buyers (FHB)... -
An easing of the CCCFA to qualify for a loan
Soon Lenders won't need to know about your daily spending and variable expenses like Netflix subscription and gym membership. This will be a huge relief to home buyers and mortgage brokers.
Plus there may be more revisions too as the review into the CCCFA is ongoing.
Shame... -
Roughcast Concrete
Hi
I am looking to buy a house in Henderson Heights, Auckland. The houses was built with Roughcast Concrete in 2003.
I am a first home buyer and not sure whether roughcast concrete building material is good or bad? Are roughcast concrete construction prone to leaky building?... -
95% mortgages going or soon will do.......
I've noticed the Banks pulling back bigtime from 95% loans unless the case is really strong. In my opinion this will deter quite a few young Kiwis from buying yet do nothing to stop the rampant house price rises we are seeing in Auckland. It's the supply of property that's the issue, not the supply...
