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20% deposit needed to buy a house from oct

20% deposit needed to buy a house from oct

Old Nov 7th 2016, 8:17 am
  #481  
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Default 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.
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Old Nov 7th 2016, 3:41 pm
  #482  
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Default 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.
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Old Nov 8th 2016, 12:39 am
  #483  
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Default 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.
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Old Nov 8th 2016, 2:49 am
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Default Re: 20% deposit needed to buy a house from oct

Originally Posted by jmh View Post
I hear a crash in planned in following the US election, regardless of who gets in.
.
I was worried too and pleased we sold the bach in time (last week).
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Old Apr 23rd 2017, 8:32 am
  #485  
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Smile 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.
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