Is a MORTGAGE TSUNAMI About to Wreak Havoc on the NZ Property Market?

[@mortgagehq]

Contact David: capitalhq.co.nz/

[@redgatecrt]

I’m Australian, was in Auckland and Dunedin last April for a month visiting friends and family. I was shocked! Fuel prices are out of control as well as dairy products. Actually everything from property to food including domestic flights is ridiculously expensive even with the exchange rate. NZ has no tax threshold, you pay high taxes on EVERYTHING!!Would love to live there but it’s more unaffordable than Australia. I don’t understand why such a large % of property is land leased? Really, how does the average Kiwi survive????

[@222-i6o]

its like literally living in a 3rd wurld cuntry, im betting at sum point ozy pulls up the draw bridge

[@marjoriemorales6508]

BY THE MERCY AND GRACE OF THE LORD G-D ALMIGHTY YESHUA!

[@lirikazazi2624]

@@marjoriemorales6508 Agreed.

[@kiatupato182]

True, I find it frustrating when we have wealthy Kiwi saying the cost of living crisis is over! Like really? For the rich it might be over, not for the middle class and under. NZ is designed to make rich richer and make the poor homeless. The minimum wage take home is approx $800.00, the average rent is $700.00. How do we afford to buy food and pay nearly $3.00 a litre for petrol? Struggle street. And increasing crime. I help my close niece and nephew with extras (like new shoes and/or clothes). Family are relying on each other more than ever. Many going to food banks for first time in their lives❤

[@Bonsqueesquee]

Barely.

[@MrBradclack]

When the OCR came down in November the Co-operative bank only changed the floating rate and last week they increased the long term rates. The banks are still taking advantage and the government is letting them

[@jasonhockly8655]

@@MrBradclack we have quite a competitive money market ... Let a market be free, governments only make things worse, not better.

[@MrBradclack]

@jasonhockly8655 competitive? Other countries have fixed interest for the life of the mortgage. NZ is always more restrictive then other countries

[@jasonhockly8655]

@@MrBradclack yeah ... That's because the government gets in the way ...

[@jasonhockly8655]

@@MrBradclack not having "fixed for term" doesn't not mean less competitive.

[@MrBradclack]

@@jasonhockly8655 I understand that I'm just saying other countries have more options

[@tumekemuch]

It's pathetic that real estate are skyrocketing when salaries haven't budged for the rise. It's all the greedy realtors robbing families

[@amraceway]

Glad to see the major swing to the right in NZ has reaped immediate benefits for all.

[@julianskinner3697]

All those who dont need a nurse or teacher or tradie sure

[@Brucemcleod2345]

National cannot get the economy fixed from the tyranny and spending of Arden. We are a sick country that has over spent while punishing anyone who had initiative.

[@cerebral-liberty]

No wonder i cant afford to buy a house out west , this dudes out there bidding on all houses , just to add to his 74 houses , i cant compete against him in a bidding war , all i want is a place of our own for my family to live in , instead i get to rent from him & pay off his house , meanwhile the banks say i cant afford to buy. Houses should be homes & treated as such , not commodities auctioned off to the richest people in society. If you want to help eliminate poverty, which is the biggest cause of problems in any society, this needs to be addressed.

[@Bonsqueesquee]

I wanted to live out west too because I was raised there. Just gave up and live west of Chch instead. Good place to raise your kids

[@PaulJacobs-v4x]

You are not accounting that the currency is in the toilet

[@fortheed3128]

( Intetest rates down are irrelevant in a stalled economy with job losses and low wages. Weve been screwed out of all our natural and think big resources and the big taking is on the horizon. Mass mortgagee sales incoming. ).

[@Brucemcleod2345]

National cannot get the economy fixed from the tyranny and spending of Arden. We are a sick country that has over spent while punishing anyone who had initiative.

[@geoffmckeown2236]

Inflation and the cost of living are two different things as the biggest expense is rent and mortgage payments

[@grizzz6884]

and if you are spending to much on rent or mortgage you take money out of the real economy which leads to business shutting down

[@Swanwillow]

@@grizzz6884" Debt Deflation " Re Michael Hudson

[@robertswain370]

If you think inflation is under control you have no idea what drives inflation and what it is 😭

[@Smitty55888]

Inflation is not under control , interest rates will keep going up.

[@jasonhockly8655]

Currently at 2.2%? Is showing a bad pattern ... Low

[@Notasalamanda]

Source, "Trust me bro."

[@jasonhockly8655]

@@Notasalamanda what is your source?

[@brianlomax3363]

Just look at petrol prices to see what inflammation is doing.

[@stephaniemclean3458]

True. The official 2.2% inflation rate is not a true indicator. As those numbers tend to be manipulated to look lower because they don’t compare apples with apples. And remember the inflation rate is an average using a basket of goods and services the average household spends. And it doesn’t include inflation within pacific markets.

[@jameslovering9158]

Inflation is under control ???

[@Brucemcleod2345]

NZL needs to be cutting edge not wrapped up in rules, red tape, bubble wrap with people who just want handouts. We are a sick country

[@AJ-qi3rq]

Reserve bank is farked. They print money and want us to pay to borrow their paper n ink they are the ones devaluing the dollar .

[@glenbakewell4615]

NZD is crashing, putting a lot of pressure on the RBNZ's ability to keep lowering interest rates.

[@Brucemcleod2345]

National cannot get the economy fixed from the tyranny and spending of Arden. We are a sick country that has over spent while punishing anyone who had initiative.

[@RJ-ry5qu]

Fed Reserve cutting interest rates yet long bonds in the States are up one percent, and house sales are at a record 30 year low. I also see numerous people here in negative equity and can't sell. There will be no rebound in house prices here.

[@UsurpersAndAssassins]

Property Speculation has destroyed the future of our country. We need to raise the rate to 9% and don't let it come down until houses and rents are a fraction of what they are now.

[@ninaforrester8552]

It's all good fun squabbling over housing but with around 360 billion in housing related debt with much of the profits from it going overseas we have a problem. Somehow we must get more effective productivity. I have earned many 100s of 1000s of overseas income in the productive sector in my lifetime. I won't invest in a productive business until I see a more friendly less cost, and that includes land, plus welcoming regulation environment. To have all this bright future someone has to pay for it and that's a sector of the economy no one seems to realise is going backwards fast.

[@SeamusDunmaggotin]

how do you start?

[@mortgagehq]

You can reach out to one of our advisers to get started! Email: [e-mail] Phone: [phone]

[@bernardmccann7676]

You should always go for cheapest rate and lock it in as long as possible and negotiate if not suitable walk away

[@Notguilible]

Well overdue

[@grizzz6884]

the interest rates going down this fast is not a good thing

[@carlywright5127]

Inflation and less puchasing power goes along with currrecy devaluation. Hidden more tax.

[@tareqwilson5722]

It's not interesting it's absolute bullshit

[@annoyomus-k4m]

the banks drag thier feet to reflect the ocr changes

[@boatymcboatface666]

About time we had a bubble burst! Greed is what is driving this over priced housing market, staryed in the mid late 90's.

[@flowerfriend889]

We just follow US interest rates and Trump inflationary policies will force our rates up...

[@anton5577]

An interesting talk and views expressed, but very little in way of actual advice on how to directly achieve a passive income from a property portfolio... as in my opinion it's pretty much impossible these days to secure a positively geared property, and with the cost of living/ inflation crisis, topping up a negatively geared property is out of reach for most. However, if I'm wrong... please let us all know (and preferably, without upselling a book or course please)

[@mortgagehq]

Interesting point of view! We have many videos on our channel for you to watch or you can discuss with one of our advisers (for free! 😉)

[@patrickflanagan317]

Thank God I don't have a mortgage, ( death grip) is what that lovely word means.

[@julianskinner3697]

Our tax base waa eroded by taxcuts

[@jackpotbear4559]

The solution to any property crisis is more immigrants. 700,000 immigrants in a decade didn't solve the labour crisis, but it sure did stop a property crisis.

[@rogerberry3809]

Which speaks volumes about the moron level intelligence of the decision makers. Mindless, idiots making stupid decisions that we have to endure the consequences of. Crowds of immigrants, many of whom are of zero value to the existing population.

[@neilstuarr2278]

Li