Should you buy or build your first home? Before you answer that, it would be important to under the process and costs of building a property. That includes how to finance it from the bank. Because things are a little different. There is more than one option, but usually, it's a turnkey option or a progressive option. If you don't know what those terms mean then you neeeeeed to listen to this podcast. And if you know what those terms mean you should listen to this episode anyway as Steve from Classic Builders, and I cover alot more. Let us know what you think, and if you want to work with ..read more

Want to sell your property soon? Is now a good time to sell? How do you get the best price? Is it best to list via auction or negotiation? Completely renovate your house or leave it as is? All these questions are useful, and I didn't know the answers so I decided to ask someone who does know the answers, and the person is Rachael from Harcourts. Have a listen, and let me know what you think ..read more

Open homes are scary - and auctions even more so. What can you do at open homes to give you a bit of an advantage over everyone else? What can you ask, & what are you supposed to look for when going through a stranger's home that you like? In this episode, I pose these questions and many more to Rachael from Harcourts as we discuss the open home process as well as the buying-at-auction process if you really like a home. How do you win the auction and what can you do to increase your chances? Enjoy ..read more

Do you need a property accountant? Probably - With guest speaker Anthony Appleton-Tattersall, my accountant. Property tax is becoming alot more complex with all the changes, so whether you think having a property accountant is worthwhile depends on a few things. And in this episode, I speak with my accountant on a few of those topics, including - Capital Gains Tax - Brightline - Trusts (do these really save you tax?) - Interest Deductibility changes And much more.. If you want to reach out to ask Anthony a question his email is anthony@aataccounting.co.nz ..read more

Buying a home is a big deal. It's a lot of money, and most of it isn't even yours. So you want to make sure it's done right. A big part of that is getting a lawyer to check the contract and property documents for you; and of course faclicate the purchase and any other issues that pop up. This week I talk to Adam from NZ Legal to explain at what stage a lawyer should be involved and all of the other things you need a lawyer for when it comes to property ..read more

Surprise! Inflation is not as bad as we thought!  Finally some good news - but does this mean interest rates are coming down? Not quite- but at least things are slowly turning around which hopefully means they won't go up any further. But we will see what the next OCR announcement holds as the OCR is more closely linked to mortgage rates than inflation.  We discuss when we think this will happen and what the current interest rates are in today's podcast. And then once you have decided it is time for a chat to talk about your own mortgage chances then you can pencil that in here ..read more

As you start to unpack what a crazy year we've had in 2022 you might be thinking what on earth is going to happen in 2023? You'd be right to wonder if 2023 is going to be even more unpredictable than this year we've just had. We've had these same thoughts in the office so decided to do a podcast on it. Firstly we recap what happened in 2022 then dive into what our predictions for 2023 will be. How much higher will rates go up before they start to come down? When will they start to come down? Will house prices actually fall 40% like some people are saying? When will house prices start go ..read more

Fear of losing your deposit if the developer goes under? Fear of buying a house that's going to leak or fall over? Fear of overpaying in this market? Fear of rates increasing so much you can't afford them? Fear of the home value decreasing the day after you buy? A lot of fearful thoughts.. But no worry.. We are here to save you- hopefully. Chris and I cover why these thoughts, although quite normal, should not stop you from buying your first or any other home. Why? Because you have so many safety nets in place before you buy. After all the bank is taking more risk than you by giving ..read more

Negative equity is a term most of us haven't heard in a while but is becoming a real possibility for some homeowners, especially those that brought in the last 12-18 months. But what exactly is it? Negative equity is when the property you own is worth less than the mortgage you owe against it. For example, you buy a property for $ 1.2 million, your mortgage is $ 1 million but then the house price drops to $900,000 - you now have $100,000 of negative equity. Is this a problem? Not really - only if you need to sell the property at a loss. And if that happens the $100,000 that you owe the b ..read more

We always hear "I'm going to wait until house prices drop before I buy" The problem is, that for house prices to drop, the cost of money has to go up. The cost of money, also known as interest rates are the highest we've seen since 2008. Does this higher interest rate cancel out any house price drops? We've done the maths and although it does in some cases, it's pretty clear that there is not one size fits all and there are some very clear takeaways in this current market situation. Have a listen and if you need an explanation or a mortgage email us at hello@tanta.co.nz ..read more