Tag Archives: Property investor
There are a number of factors that have recently converged to change the borrowing landscape, ultimately making it harder for people to obtain a mortgage. These changes make using a good mortgage broker more relevant than ever. Here are some quick facts about the current mortgage landscape: Interest rates are on the rise Reserve bank LVR restrictions are making it …Read More
Richard and Michelle moved out of their existing home and turned it into a rental property. Using the equity from this property they were able to buy a new home. The equation The rental property which was paid off had a value of $550,000. Their new home cost $550,000 as well, and they borrowed the full purchase price. This meant …Read More
With the recent release of the ANZ Property Investors Survey it provides a timely snapshot into the views of residential property investors. A few interesting and key insights from this year’s survey include: Confidence about buying property remains high. The proportion of investors planning to buy more properties rose to a net 69% of respondents, the highest since 2009, with …Read More
John had a lot of property in Wellington and wanted to buy more. Unfortunately for John, he didn’t know how much he could buy. When he saw a property that he was interested in, he made an offer subject to finance and crossed his fingers until he heard back from the bank… Even though the bank never said no, John …Read More
Colin in Wellington has several rental properties and when I met him he had nearly $3mil of borrowing with the ANZ. He was making principle and interest payments and was very happy with his portfolio and his overall position. However when we started to review Colin’s situation, it appeared that he was neglecting to do any other than urgent repairs …Read More