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Brian Dalley is a qualified NZMBA Mortgage Broker, Property Investor and former Real Estate Agent.
You can read more of his views and opinions on his website propertyprofit.co.nz
Recent government discussions of potential tax changes have halted inquiries from investors who usually bought at the lower end of the price range so is this going to open the door to first home buyers.
Well, not if the so-called mainstream lenders have anything to do with it.
As housing affordability is set to get worse many are now being left with no alternative but to rent even though homeownership is their preferred option.
Inaction by property investors, (who account for approximately 5% of total sales) cause the market to stall.
Maori (and only Maori) have been offered no deposit home loans as New Zealanders have been told to save for a deposit. It may look like I am discriminating with that comment as aren’t we all New Zealanders but I ask you, who is doing the discriminating?
Mum & Dad Property Investors can now move forward and take advantage of great opportunities in the market place as Housing New Zealand opt to retain their lease program to house the less fortunate.
For the first time all economists/commentators seem to be on the same page, all but one.
Yes you guessed it, I have differing views.
Bank economists, real estate agents, valuers, investors, the media ... they all have differing views as to what side the coin will land on.
I tend to think the coin will land on neither until the government comes clean as to what changes they intend to implement.
Often I am accused of being bias when it comes to property investment and I can live with that.
Why are Aucklanders seemingly tripping over each other to invest in real estate? An interesting analogy but one I am not buying into.
From “The Little Black Book” Series.
Voxy: Your Voice - Uncensored
