Whether you are setting out to buy just one property, or you want to own a bigger portfolio than any other property investor in the country, there is one thing that above all else you must know in order to be successful and that is your WHY.
So you've bought your first home. What next?
If you're buying investment property, sometimes renovations can be a great way to get the most out of it. The right additions can increase the base value of the home, as well as boost its appeal to prospective tenants. It's like killing two birds with one stone (or one marble countertop!)
Being a landlord means taking on a certain set of responsibilities. The NZ government just passed a new set of laws that will impact how you handle a rental property.
Some bank economists are talking of further rates cuts so there shouldn't be a rush to fix just yet. I think now is the right time to be fixing your mortgage on to longer term fixed rates.
I have been approached by a number of existing ‘buy and hold’ investors wanting to change their strategy. They want to start trading and developing property. But, they have no idea where to begin.
I’ve been saying for some time that we are living in a period of unusually high economic risks. How you plan around those risks will determine how you come out the other side when we go through the next big market correction.
We tend to get a feel for what is happening in the market well before the media and have been calling this a buyer’s market for 3-4 months now. The media is slowly catching up.
Here I am almost three and a half years into my first decent size property development. Although the end is in sight, it has been painfully slow, like watching paint dry.
The Auckland housing market has predictably heated up again this year off the back of strong immigration, low interest rates, and rampant speculation.
Whilst you don’t want to be paying more than you can afford, increasing your mortgage payments by as little as $10 per week can save you as much as $25k over the life of your loan.