The lowest interest rates since I can remember

In catching up with our personal ASB banker for lunch today to discuss whether to float or fix some of our mortgages, I actually took the time to consider just how low the retail interest rates are. Twenty-four years ago when I bought my first home in Whakatane for $55,000 with interest rates at 20.5 per cent, we never dreamt that we would ever see rates at a quarter of that! Well how times change, and I would have to say that I came away from our meeting thinking that if we are not seriously thinking about borrowing more money for property investment then we would have to have rocks in our head – quite inspiring actually.

With opportunities still presenting themselves to acquire property at reasonable figures coupled with rental returns beginning to show positive cash flows, I am thinking such scenarios have to definitely go into the “serious consideration basket”.

Robert Kiyosaki in his book Cashflow Quadrant (his sequel to Rich Dad, Poor Dad) provides some sound advice:

Stop waiting for the ‘big deal.’ Get into the ‘game’ with small deals (like my first small condo that allowed me to start investing for just a few dollars). Don’t worry about being right or wrong at first, just start. You’ll learn a lot more once you put some money down … just a little to start. Money has a way of increasing intelligence quickly. Fear and hesitation retards you … but you must start.

It really is about having a plan and making a conscious decision to take action. The seed was sown today for such a plan and it all makes so much sense.

This entry was posted in Uncategorized and tagged , , , on by .

About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

Leave a Reply

Your email address will not be published. Required fields are marked *