From hunted to hunters
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
Investors are coming back into the property market at a rapid clip.
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Auckland-based entrepreneur Derek Handley has set up a privately funded financial services group offering an alternative first home loan scheme.
More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert.
For the first time in more than three years, more people are picking interest rates will fall, rather than rise, but they are unsure whether it is a good time to buy a house.
A privately funded financial services company has picked up the slack left after the government scrapped the first home loan grant and set up an alternative scheme.
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
Investors are coming back into the property market at a rapid clip.
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Auckland-based entrepreneur Derek Handley has set up a privately funded financial services group offering an alternative first home loan scheme.
More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert.
For the first time in more than three years, more people are picking interest rates will fall, rather than rise, but they are unsure whether it is a good time to buy a house.
A privately funded financial services company has picked up the slack left after the government scrapped the first home loan grant and set up an alternative scheme.
A lift in interest amongst first home buyers (FHB) remains a feature of housing activity.
Large numbers of property investors have not come back into the market despite the reintroduction of 80% interest deductibility for landlords and the lowering in July of the Brightline test from 10 years to two years, QV says in its latest update.
The increasing number of low deposit mortgages being lent to first home buyers has been borne out by the latest CoreLogic research.
The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.
REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.
“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.
It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.