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Michael Ford
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Tag Archives: Mortgage\
Home Loan Affordability Changes
Surprise, surprise. Auckland is becoming even less affordable! The Roost Home Loan Affordability Report for March indicates that in Auckland Central it takes 87% of one median income to pay the mortgage on a median priced house. A typical buyer … Continue reading
Posted in Market update
Tagged affordability, affordable, Auckland, Feilding, Manawatu, median, Mortgage\, Palmerston North, Wanganui
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Home Loan Affordability
Roost publish an assessment of home loan affordability for a typical buyer each month in the form of a percentage. It is called The Roost Home Loan Affordability series. The index considers the % of median income of one person … Continue reading
Posted in Market update
Tagged affordability, affordable, Calculated, Feilding, home, income, Loan, Manawatu, median, month, Mortgage\, Palmerston North, percent
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Home loan affordability for first-home buyers
I refer to the Roost report for June 2012. This assumes a first home buyer in their late 20’s, and a house in the lower price quartile. The report takes into account house prices, time to save a deposit, after … Continue reading
Posted in Market update
Tagged Feilding, First home buyer, Loans, Mortgage\, New Zealand, Palmerston North, Wanganui
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Mortgage Interest Rates @ only 5.25% Can Be Cheaper Than Renting!
Buy a $200,000 property with a 10% deposit ($20,000) and the payment for a standard 30 year $180,000 table mortgage at 5.25% is only $230 per week. If you only used a 5% deposit ($10,000) the payment would be $242 … Continue reading
Posted in Market update
Tagged Buyers, deposit, Investment, Mortgage\, Property, Rent, Residental, Value
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Home Affordability As Good As In 2004!
The Massey University March 2012 Home Affordability index for the Manawatu Wanganui region is 71.27% against the All Districts national index of 100%. This puts us in 2nd place, following Southland on 54.5% as the most affordable region. Otago is … Continue reading
Posted in Market update
Tagged affordability, Auckland, buy, improved, Interest rates, Investment, Manawatu, median, Mortgage\, Otago, Residential, Southland, Wanganui
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An Investment You Can Live In!
Like it or not, property has been one of the best performing investments over time in New Zealand. In Feilding, house properties have approximately doubled in value every 8 years on average, over the last 40 years. What was worth … Continue reading
Posted in Market update
Tagged cycle, Feilding, Investment, Mortgage\, New Zealand, Purchase
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Borrowing Much Easier!
It was not long ago that home buyers had to save a 20% deposit before they were eligible for a mortgage from most banks. This was $40,000 for a $200,000 property. It was very difficult to save so much while … Continue reading
Posted in Market update
Tagged Banks, Borrowing, KiwiSaver, Loans, Mortgage\, Purchase
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