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.
What happened in July?
The Reserve Bank cut the Official Cash Rate from 3.25 to 3 per cent.
Making that leap from renting to home ownership is never easy, but new research by LJ Hooker shows Generation Y is finding innovative ways to get it’s foot on the property ladder.
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
Whether home ownership is on your horizon or not, budgeting helps.
Everyone has a Different Lifestyle
The continuous focus on interest rates is a timely reminder for homeowners with a mortgage to remain disciplined in managing their finances.
While Spring is a popular time for vendors, the condition of the market at any point in time holds just as much influence.
Don’t overlook the possibility of styling your property for sale in the active property market.
The road to home ownership can be a lengthy and daunting process if you’re not prepared. By breaking down the home search, the financial preparations, and the purchase into a step-by-step process, the practice can be made much easier.