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And send me some houses prices in Auckland or Queenstown near factory areas in new Zealand or just round about 2kilometter area feom main town

Real good video learned about serviceability thanks

Hopefully you will also be able to apodcast on how to do property investing for the first time without any help from parents or someone that does not have any (family owned)properties in new zealand.

Nz govt sold born new Zealanders out of there own birth country with money hungry house buying overseas immigrants and unmanaged immigration made the nz housing Crisis can't understand how Chinese immigrants own over one and a half billion dollars worth of housing in new Zealand and new Zealanders own 0 in china nz govt sold new Zealand away to immigrants

Nothing is free. UBI starts with this

You look Asian but you sound Maori, trippy! Anyway this was a very helpful video thanks!

How screw up a country? Just make housing unavailable to the majority and very expensive and asset draining for the rest. That's how you destroy a nation. NZ is just about there. Canada and the UK are a few steps ahead. Check out the illegal immigration refugee numbers in all these countries, its lockstepped. Talk about that instead of all this Thatcherite shortage selfishness nonsense.

Thanks for watching! Contact Simon: mhq.co.nz/staffmember/simon-mcdonald/ Contact Dani: dani.paim@enable.me

Wtg Sofia, I bought my first home at 19, I was earning $9hr at the time and paid $42k for my house. Saved $3k for the deposit and the rest is history. I must say I was single then and it was the early 90s.

Hello! Awesome poddy - just wanting to know what you guys/ everyone reading this, uses to keep on top of your money income/ expenditure. Like useful apps, spreadsheets, web apps etc. preferably low or no cost based products. Cheers!

I'm contributing 10% and in growth fund since 2007 and have just over $160k saved. I haven't taken from it and I am deciding to put more voluntary contributions in as I put and extra $1000 in a lump sum per year for the past 5.

I smashed the like button and my keyboard broke! lol

Possibly the biggest emerging issue with house ownership is rising insurance and rates. My council rates on my little 100 sm home in Upper Hutt is $377 per month. Insurance $244 per month

Good podcast

Thank you, Blandon, you learn from your dealings. I've commented on a couple of your videos before. I paid off my home in Dec 2023 and recently approached an advisor for another house which I will move into and rent this house out. Applications were submitted to the banks this week gone so here's hoping. My aspirational goal is to get to 4 rentals plus my own home to live in so 5.

Data is not great, high chance they drop again in November, possibly more than 0.25 basis points

The fact that people are celebrating 20% first home buyer sales says it all . . . the remainder of the market is from investors . . .it should be 60% not 20%

Society is sick . . . speculating on homes is not moral.

My partner and I were denied the opportunity to use a first home loan because my partner did not have ‘employment continuity’ ie (working in the same industry) for 12 months. We are under the income cap ($140,000) and we’re able to access KiwiSaver according to our providers, however Kainga Ora still wouldn’t give the go ahead. This is definitely something to consider if you’re in a similar position.

I’ve never seen an eager, almost qualifying to be homebuyer still waiting around that long later. They’ll find something and want the deal done that afternoon

Buying in NZ will only make you poor. If u bought in US or Australia, u will become rich

Get in touch with Ali: whq.co.nz/

Contact Charlie: 📱 021 966 704 📧 charlie.brothers@raywhite.com

This was so helpful, thankyou! I just went conditional on my first house at 21! :)

Lol you say it like it's an option 🤣

Can I get a O for Orsim video? Thx for the info. So many questions answered for my first home journey. 👊🏾

Title should say “buying your first shitbox in nz”

NOT buying until this crockpot 3 men government have gone to jail

Theres a plan to take housing off kiwis, national want to allow foreign investors to own more than one rental dwelling, when kiwis struggle to afford their bills due to inflation, high interest and rising rates, foreclosures are imminent and mortgagee sale will occur and investment fund companies like Blackrock will be able to buy up Everything F**k national

Listening to these two guys who are now on the property ladder have forgotten just how hard it really is to get on it. Low income, age, divorce, accidents, job loss, .If it was easy , everyone would own a property or 2. I've watched people work, save hard out and buy a house and because of 1 of the above reasons, have had to sell or lost it and just can't get back on the ladder.

Make it that if you don't live in NZ, you can't buy land or a house. And if you own to houses, any more after that, make the tax very high to stop greed. Capitalism is greed. It's wrong the people are paying high rents and paying off someone else's mortgage just because they don't have a deposit. Sharing is Caring....

The price of property in nz is a joke

😊

New Zealand is a country bigger than UK and a country Only has half people as London. tell me the reasons

Why do banks continue to hide Fractional reserve lending when it comes to mortgage rates, interest on deposits and asset claimed via contract?

'Free' money pushes up prices. If everyone gets it then everyone can add that to the house offer. If they want people to 'get into the housing market' the legislation should be flexible for each situation. If rent is way cheaper than buying then borrowing to buy the same house does not make sense - If you buy a home which is close to or below the rental cost vs mortgage then assisting the first home buyer makes sense.

The Banksters are causing all the inflation, and that alone will cause property values to rise in the long run.

Investing in real estate will never be the same again.. This is Neo Socialism...inflation is eating into gain..be careful..but if you need to buy property to live into, buy a smaller one...don't extend your budget...

Whole NZ economy is housing market, other industries are just to support housing. There is no other industry.

What do you think will happen when the Central Govt requires councils to release 30 years worth of land for development mid next year? Would the influx in land cause a drop in property values?

Why would you borrow to buy a liability 😂

The bank doesn't lend you the money, it's just a number on a computer. You create the money when you sign the mortgage agreement. The bank then charges you interest on the money you created. All mortgages are are scam. Wake up New Zealand. Government meaning: To control the mind.

Houses are shit investments. They are just the only thing people put money into in NZ and a scarce resource. Even if houses do double every 10 years a stock market index fund has done 8x over the same time period. You also dont have to pay rates on your index fund. NZ tax incentives are all geared for you to borrow a shit load from a bank and spend your life paying it off. You need a place to live but its not an investment.

Yes 60m2 flats are a good move, many cultures live with elders and extended family eg indian, chinese, pacifica, etc. Looking forward to that in 2025.

Luxon recently meeting with Larry Fink of Blackrock and discussing "Investment into NZ" is an Ominous sign for all freedom loving, self-determining oriented Kiwis.

Thank you for watching! If you would like to have a chat with Andy or Simon, their contact details are below: Contact Andy: whq.co.nz/contact-us/ Contact Simon: mhq.co.nz/staffmember/simon-mcdonald/

Property in NZ is tanking hard. Look at inflation corrected prices. We're seeing new lows all across NZ now after a dead cat bounce last summer, as corelogic rightly describe it. If you're looking to buy, wait until the entire market is stable for several months. Don't try to catch a falling knife. On the big scheme of things, the effects of high interest rates will stay with us for at least another year. Many businesses are struggling, government is cutting back everywhere. Stay patient, wait for the market to stabilize, don't offer too much, be prepared to walk away. Hang in there and good luck!

I only just thought about buying my first home this year. The cheapest home I can find is a single bedroom in Homai Auckland for 479k with 6.9% to almost 10% interest rate. I spoke to someone that serviced my bike about buying my first home and he said he got his 2 bedroom home for him and his family for 320k with 3% interest rate 6 years ago. I turned down the bank loan cause I was eligible for a kiwibuild home I don't think i want to own a home anymore and started looking at boat home cause they can go for less than 100k.

like everything in nz the cost of doing let alone getting the funds .. is the reason 1 immigrant to 3 kiwis leave

My guess is that a lot of people are looking to sell right now due to job losses, interest rates, and rising living costs. However, the time properties are taking to sell is leading to significant losses, so many people are choosing to rent them out instead. This increased rental supply is lowering rental costs, although landlords are still likely taking a hit. Plus, who wants to sell when their neighbor made $200k more a few years ago? I’m predicting that come summer or early next year, we might see a flood of properties hitting the market, leading to a gradual price drop. By mid-next year, if a lot of people are forced to sell, prices could crash due to the oversupply. I’m also keeping an eye on a few things this year: whether companies continue outsourcing jobs to other countries, and the impact of the upcoming US election, which I think could lead to a significant shift in our economy.