Your Home for the Latest Property News
Your home for the latest property news, tips and advice. Read the latest property news, real estate tips, and advice from LJ Hooker. We have a library of articles on all things real estate for your reading pleasure.
Disclaimer: This blog does not necessarily reflect the opinion of the publisher. It is intended to provide general news and information only. While every care has been taken to ensure the accuracy of the information it contains, neither the publishers, authors nor their employees, can be held liable for inaccuracies, errors or omission. Copyright is reserved throughout. No part of this publication can be reproduced or reprinted without the express permission of the publisher. All information is current as at publication release and the publishers take no responsibility for any factors that may change thereafter. Readers are advised to contact their financial adviser, broker or accountant before making any investment decisions and should not rely on this newsletter as a substitute for professional advice. © LJ Hooker Ltd 0712 LC1905-01, Licensed REA 2008, MREINZ.
For the most part, building new means getting the home you want, built to the most modern building codes. So let’s run through the benefits house and land packages have to offer, as well as the things you need to consider.
If you’re hunting for a section to build your new home on, be careful. While most of the decisions you make will be based on personal preferences like the location or view, it’s important to also understand what is going on beneath the surface.
After cutting rates at its last two meetings the RBNZ decided to again reduce interest rates by another 0.25 basis points to 2.75%.
Spring is just around the corner, so start planning now.
After cutting rates last month the RBNZ, decided to reduce interest rates by another 0.25 basis points to 3.00%. Ongoing concerns over falling dairy prices, global economic volatility and an overvalued dollar have all combined to ensure a second consecutive rate cut.
What happened in July?
The Reserve Bank cut the Official Cash Rate from 3.25 to 3 per cent.
After holding the cash rate steady for the past six meetings the RBNZ, decided to cut rates by 0.25% to 3.25% in June. With steps being taken to reduce the strong price growth in Auckland’s property market and inflation close to zero, the RBNZ felt the time is right to begin its rate cutting cycle.
Less competition, more leverage