housing NZ & real estate agents has a long list of clients waiting to rent 20 years of pathetic lies

High interest rates are an issue but high artificial house prices are the main problem, however fixing and bringing this back into line could break our banks. Big problem, the ponzi scheme has bitten them on that ass, shameful really.

I have on cuz 2 university degrees one being dentist. the other cuz no degree,but earning more than degree I think like lady here, application and belief in self is the main ingredient for either option

Brandon there is no male version for happy wife happy life .. more like you can never rest

They let overseas people, to buy home and renting out to kiwi, with higher rates, bs 🙄

More videos for first home buyers please! 😊

In late 2024, we teamed up with a mortgage broker to purchase a rental property, and the process was incredibly smooth. We had everything organized, uploaded the necessary documents, and reached out to the valuer and lawyer via email. They got back to us quickly, and we managed to complete everything in just a couple of weeks. The only in-person tasks were visiting the bank and lawyer to finalize the paperwork. It was that simple! In a few months, we plan to return to the bank for another mortgage application.

Contact Jason: mhq.co.nz/staffmember/jason-lai/

Contact Jason: mhq.co.nz/staffmember/jason-lai/

If you have portions of you loan fixed at different terms doesn't it make it harder to negotiate rates or change banks as don't expire at the same time so you always have to pay a break fee?

Contact kelvin: www.corelogic.co.nz/about-us/our-people/authors-and-speakers/kelvin-davidson

Contact Ali: whq.co.nz/

We are hoping for lower interest rates

Property didn't really go up, NZD value went down. Has your house gained value against gold? Nope.

your principal amount reduces over time as your asset increases.. so interest only over time for investment makes sence

Just let the reserve bank of NZ print 500 million dollars, buy Bitcoin for it and within 4 years the debt will be settled. If Trump is going to do this the rest of the world is going to follow!

did you say the trumps

interest only is ok as inflation reduces the value of the loan over time

I got expectations too. Lots of expectations , in fact but that dont mean my expectations will become reality . But its not like your expectations will come reality either . If you want to talk round in circles for 18.39 knock yourself out .. People are paying for over priced rubbish, hoping to dump it on to some one else for a profit ( just like the stock market) And Banks make a killing out of it .. Pump and Dump its all a ruse 🤑..Have a nice expectations Day 🥳

Our interest rates are dictated by the US Fed which is a privately owned company, when US FED lowers rates everyone has to follow, or their dollar becomes stronger than the USD making products more expensive, But in that time when USA lower their rates they borrow like crazy for state spending, Then inflation and cost of living gets out of control, so they rise their rates, then re-balance the books. Nz just follows what they do, there is no difference the head of the snakes moves and the other countries follow, Once you step back, the debts are in place, what ever lies they use they will use to in debt a country and their people, its all about enslaving the masses with huge debts, creating huge living cost where the average person will have enough to pay their taxes, their bills and live on nothing, But the funny thing is, the people vote the thieves back in every 3-4 years 🤔

Modern economies are NOT obsessed with property values.......they are obsessed with money laundering and choking the country by putting all resourses into property instead of developing the economy and industry......

...the problem is Kiwis aren't financially smart enough to generate money in diverse ways, Thus, they all look to the same mechanisms, and thus suffer the same consequences at the same time for the same reasons. Start teaching fiscal principles at school, reward productivity better, get rid of tall poppy syndrome, import genuinely useful immigrants, get rid of the beneficiary system.

Australia is far, far wealthier than New Zealand, it’s NOT a similar economy. You can see it in their infrastructure, tech, health system, NDIS, public services etc etc FAR FAR wealthier than NZ. Their Super wealth is ten fold ours their GDP PPP far better theyre 19th in the world we are 66th. In 1979 NZ was 6th in the world and housing was cheap. And NZ was owned by New Zealanders. Buying and selling houses does not create wealth for a country it causes wealth to a few and major social and other economic issues across the nation. We need to innovate and create industries on top of Agriculture. NZ has no internationally recognised widely used products, we sell fruit, milk, meat. No IKEA, Samsung, Apple, Tesla , no Toyota, BMW, nothing that brings in wealth other than well travelled food. Let’s hope RocketLab kicks off

Jazzy hands... next will be tarriffs... good for the commodities

it is unfair .. rates a a capital tax based in values

all cost to develop are going through the roof by govt

B.N.Z. not lending to petrol stations is smart. Lots of them are going bankrupt in China with the move to electric vehicles. This is a forewarning.

As per usual Kiwis think the path to wealth is through squabbling over housing and neglecting productivity. To pay the bank we need jobs and wealth creation. Private banking debt is around $360 billion and to maintain it to October last year cost 3.9% increase. The path to a wealthy country is not supporting an ever growing financial sector at the expense of infrastructure and health

Back yard killer

As I see it, what’s happening is the same old play book coming into play, New Zealand and Australia for that matter will only progress when the banks are reformed, taxation is done away with and the gruberment works for the people and not the corporations like Blackrock, the whole system is rigged in favour of the so called elites, when those in parliament loose their jobs why are they entitled to a pension for life, the $4,000.000 spent on playing whale sounds to Kauri trees just shows the taxpayers how corrupt the system is, NZ needs a total make over and it need to happen as soon as possible.

This gene therapy technology bill this gov want to push through would ruin our economy. Nz is known for being GE free. No other reason to trade.

the old kiwi put as much markup as possible , no wonder immigrant retailers a forcing you guys out of business , kiwi seem to have become lazy greedy and cry baby ,,, try profitability by efficiency ,as for food haha well how much of our produce is sent to India china etc etc to help secure thier food supply , thier is no way in hell its cheeper to ship to Mumbai from pukekohe than to auckland from pukekohe , so were is the disconnect, ,,

Trending up, it's crashing

Theoretically higher rates can contribute to higher inflation, the difference will be the standard basket of goods. As people can no longer afford to buy things they'll fall out of the basket until we're left with water, bread, and rent. Hurray higher rates tamed inflation, we just have no stuff.

Too little too late. Our only hope is mass migration of Americans who will find us cheap.

Went to Melbourne. Foods were cheaper and much better quality. NZ wine was cheaper there too. No wonder why we lose good workers to OZ.

Sooo What’s the Storm ???

The recovery from 2007 took a while due to the GFC, I think this is a little different so in my mind time frame will not be as long to get back to previous peak. Investors would usually use IO as it creates cashflow to purchase other assets, with inflation the value of your mortgage in 30 years would be much easier to cover, why pay it in todays dollars - that’s mugs game. Also, the interest portion of rental property loans are a cost of business.

Market returns are not good enough to pay higher interest rate , higher wages or invest. Interest rates coming down are generally inflationary but will the banks lend when government keeps deficit spending. This is a global problem. What happens if the OCR goes back to zero. Hyperinflation and then bang! The system must be changed. However CBDC's are not the answer.

Yeah maybe if we stopped mass immigration and intensive housing properties could have osfs and not have to rely on centuries old failed town planning. You might make less on your investment but maybe you could sleep at night.

Listening through, you are saying that if you own a property now it makes little sense to sell unless your circumstances change and you are forced to sell (e.g. you cannot keep up with mortgage payments). This makes sense to me, why sell at such low prices when the cost of new builds is not fixed on the court of public opinion in our media which leans very much in favor of one world-view than the other, but fixed based on the ever-increasing cost of manpower for builders and tradespeople, and the cost of materials (hint: I invest in commodities, and they are beginning to swing back up again). Understand as well, with debt to income coming in, it is not going to be as easy to get your second (or more) property than it was yesterday. So again, why sell? Buyers do need to be realistic, it is not the place of the seller to subisidise your home by selling it for less than it would cost to buy like for like. It will take time but this will become reality as supply reduces over time. In the meantime there will be sales, for those that cannot hold on anymore - they are the invisibile "losers" who are subsidising the profits to come later for people that buy now.

We're moving into unknown territory . 6:47

the banks drag thier feet to reflect the ocr changes

go to the bank and borrow 100k for sharemarket ..couldn't get the loan , ohh well what is left to invest 🤔

Why can’t I borrow money from the reserve bank?, I mean banks are just middle men that manage the transaction and clip the ticket, then package your mortgage with 10 others and on sell it on the debt market.

If the Bank borrows the money to lend to you the customer, why would the interest rate fluctuate once the borrowing transaction has been completed?, you could fix that rate for the term of the loan.

Is it a higher price if the money is worth less?

In 2017 the nz m1 money supply was 48 the when jacinda left it was 142. Thats almost tripled. Lots of the went to phaser yes but lots went into housing and now the m1 is reducing. How is that going to affect things?

$200,000 for renting a sleepout, wow, after these renos how much can i rent my house for then, sounds like i can pay back my mortgage by the end of the month 😅

imports are down .. exports are down , economic activities down .. why reserve bank and govt not the people of the country..