New Zealand Summer means Beaches, Sand, BBQs and Great Family Outdoor Adventures. The New Zealand Election has just passed reflecting an amazing popularity for National Party and John Key Prime Minister for another 3 years.
As of September the New Zealand economy grew ahead of expectations as the fastest growth in the services sector for 7.5 years a great majority. The Reserve Bank has kept Official Cash Rate on hold (reflecting in the Variable Rate) after increasing if by 1% since April to calm the market down.
Since the NZ Reserve Bank restricted lending from NZ banks to 80%, requiring 20% deposit in October 2013, the market has less first home buyers and less property on the market.
The property market has still continued to be active in Auckland and Christchurch but a shortage of property on the market.
Rental demand will continue in these locations due to more young people not purchasing a property, increased people into New Zealand (many ex pats returning) and increase in immigration.
Job Opportunities - unemployment rate in September quarter was 6.4% (previous year 7.3%) and economists forecast it to fall further. Auckland median house price has increased 13.6% in the past 12 months up to 30 September 2013 to NZ$662,976 (QV report Sept 13) and the NZ average property has risen in the 12 months up to September 2013 8.4% to $452,535 (QV report Sept 13).
Remember there is No Stamp Duty and No Land Tax in New Zealand. NZ is so beautiful that many people look at "lifestyle" investment also.
We are mortgage brokers who specialise in providing New Zealand and Australian finance.
We are accredited with 12 New Zealand banks/lenders and accredited with over 35 Australian lenders. This gives us and you an advantage.
Our focus is to help provide mortgage options and creating loan solutions for Australian residents and people around the world wanting a New Zealand mortgage. Our main aim has always been to help people own their own home and to choose with me the best loan to suit them long term.
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