The Christchurch Property investment market! I personally think Christchurch is hugely undervalued and am extremely excited about investing in the CHCH property market right now! Here are a couple of reason why: Supply & Demand – CHCH is the gateway to the south island and it’s the second largest city in New Zealand but it is one of the cheapest places to live in NZ. Both rental and home ownership! What we are starting to see is many kiwis starting to move to CHCH to find work and have a better value of life as their money goes further than in Wellington or Auckland. This is only going to ..read more

Reserve Bank Reinstating LVR Restrictions To Pre Covid-19 Levels The hot topic at the moment is the recent publication of the Reserve bank reinstating LVR restrictions to pre covid-19 levels. We are going to discuss what these actually mean for both homeowners and investors and how these changes may affect the property market. Changes From May 01, LVR Restrictions for owner-occupiers will remain at a maximum of 20% of new lending at LVRS above 80%. Meanwhile, LVR restrictions for investors will be further to a maximum of 5% of new lending at LVRs above 60%. What this actually means: Investors ..read more

NZ Mortgage Market Analysis, Insights & Advice August 2020 Interest Rates Interest rates continued to fall slightly, with the 1 and 2 year fixed rates being the most popular. It Is hard to see interest rates increasing anytime soon so many clients are wanting to fix for 1 year and then look to fix for a longer length of time once that year is up. Non- bank floating interest rates from 3.49% is also very appealing for investors. First Home buyers We have seen first home buyers flood the market in the last couple of months. First home buyers took a bigger share of new mortgages than propert ..read more

9 Tips Preparing You To Purchase Your First Home This month Dixon Mortgages is invested on giving you handy tips and preparing you to purchase your first home! One debt Looks much better than multiple debtsOne debt looks a lot better than multiple different debts from different lenders. It normally works out that you pay fewer monthly payments if you combine all the debts into one. Look at options to combine and do not get any more! Do not exceed your bank account limitsDo not exceed your bank limits. when applying for a mortgage, lenders will look at your account conduct. Make sure you do n ..read more

Property Investing In A Tight Credit Market There is no doubt that there is going to be some great buying opportunities over the next 12 months. To make the most of these opportunities you need to be cashed up and ready to act! You need to have all of your ducks in a row so you have the confidence, knowing you can land the deal but also secure the finance knowing  lenders lack of appetite for risk in the current market. I am seeing transactions being turned away that would have been no brainers at the start of the year. All of the focus is on servicing and servicing will become harder. S ..read more

What is a Mortgage Holiday? A Mortgage holiday is essentially a form of agreed arrears where you don’t make payments on your loan for a short period of time. However the name can be quite misleading as the interest is still accrued during this time and added onto your loan balance at the end of the mortgage holiday. Pros For unforeseen circumstances such as what we are currently experiencing where household income could be significantly less it gives you the opportunity to be able to keep your home rather than forced to sell if you can no longer make mortgage payments. Allows you to have more ..read more

With the decrease in the OCR yesterday and with everything that’s happening with the virus etc – there’s going to be a hive of activity and opportunity in the property and mortgage market. Here are some of my thoughts on the market and what is going to happen: ︎ OCR decreased to 0.25% banks are going to be decreasing their interest rates (will come out in the next day or so)… ︎ There will be an injection of capital from the govt to encourage people to spend… ︎ There will be relaxing of constraints of borrowing – encourage rules around lending likely to be relaxed by banks… ︎&nbs ..read more