20% deposit needed to buy a house from oct
Nov 7th 2016, 7:17 am
#481
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,241
Re: 20% deposit needed to buy a house from oct
Someone at Statistics New Zealand stuffed up the inflation numbers, should have been 0.3% not 0.2% which makes an OCR cut less likely.
Nov 7th 2016, 2:41 pm
#482
BE Enthusiast
Joined: Nov 2010
Location: Was Auckland-NZ, Now Wales
Posts: 685
Re: 20% deposit needed to buy a house from oct
Just like this thread... the madness is still going on in Auckland! Can't believe the average "house" price (large shed to some of us) is now over 1 Million NZD.
Nov 7th 2016, 11:39 pm
#483
BE Forum Addict
Joined: Jan 2009
Location: South Auckland
Posts: 2,228
Re: 20% deposit needed to buy a house from oct
I hear a crash in planned in following the US election, regardless of who gets in.
Thank goodness I bought in 2014 - my house is now worth about 200,000 more than it was then. Ridiculous.
Thank goodness I bought in 2014 - my house is now worth about 200,000 more than it was then. Ridiculous.
Apr 23rd 2017, 7:32 am
#485
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,241
Re: 20% deposit needed to buy a house from oct
Good little inflation boost over the last couple of quarters, now at 2.2% which is within target so, if persistent, gives the Reserve Bank options as to what they'd like to do with rates. This may start to get priced into mortgages going forwards.
