The highs and lows of the local property market
Not unlike Christchurch’s interchangeable weather as we inch closer towards the autumn months, the property market too is seeing its fair share of highs and lows.
Yes, that means it’s not all positive news this month, but then, where there’s challenges, there’s also hope.
The Real Estate Institute of New Zealand is already reporting a slump in sales activity in the property market and this is evidence the market is easing off fast.
Plan Early and Keep Calm - We are here to help!
You know the expression ‘go big or go home’? 2021 was certainly listening! Market growth was huge. In Christchurch alone, house prices increased over 30% in the last 12 months. So what does 2022 have up its sleeve?
While I believe we won’t see anything quite as dramatic this year, I also don’t think we’ll see anything like the doom and gloom the media would have you believe. This is evident just in the mortgage applications already coming through our office this year.
Less than 20% deposit and want a home?
With tightening lending criteria, increasing interest rates and sky-high prices, the property market is a minefield for the seasoned pro, so how do you get your head around it as a first-home buyer?
We’ve pulled together the top 6 things first-home buyers can do right now to lock in a home loan with less than 20% deposit! Spoiler alert, it can be done!
Making sense of the current property market
If you’re struggling to make sense of the crazy things that are happening in the local real estate market currently, you’re not alone!
Every month we’re seeing media reports of eye-watering house prices, heightened sales activity and construction firms throwing fixed price builds out the window as the heated market shows no sign of cooling. That’s before we even get onto the financial side of things, with changes to lending criteria and interest rates throwing in another layer of complexity.
Buying Your First Home In A Hot Market
How crazy is it to see how much the property prices have gone up since this time last year!
At the same time last year, 60 -70% of first home buyers were using their first home grant when purchasing their first home because it's common practice and it's there for the purpose of helping you buy.
Why Apartment Living Is Becoming More Popular - Is This Still The Best Choice For Property Investors?
From what we’re hearing, many property investors are thinking about or are in the process of selling some of their rentals and entering the property development market.
And while this is driving up prices of sections and RMD land in and around Christchurch, the flow on effect means we can now expect to see many more apartments and townhouses on the market.
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