. House. Buy or Rent?
Jun 7th 2007, 10:14 am
#1
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Joined: Jun 2007
Location: Malta
Posts: 11
. House. Buy or Rent?
Is it time to buy in NZ? In view of the price hikes in recent years and the fact that even with an increase in the interest rates, the house market seems not to slow down. Do you think we should wait for a slowdown and rent out or try and get into the market before it is too late?
Jun 7th 2007, 10:22 am
#2
Joined: Aug 2006
Posts: 7,208
Re: . House. Buy or Rent?
Is it time to buy in NZ? In view of the price hikes in recent years and the fact that even with an increase in the interest rates, the house market seems not to slow down. Do you think we should wait for a slowdown and rent out or try and get into the market before it is too late?
Jun 7th 2007, 12:01 pm
#3
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Joined: Sep 2006
Location: Motorhome NZ
Posts: 51
Re: . House. Buy or Rent?
I would say it may be worth waiting to see if latest (surprise) base rate rise to 8% has any effect on the market.
Jun 7th 2007, 1:07 pm
#5
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Joined: Nov 2006
Location: Whitby Wellington
Posts: 2,440
Re: . House. Buy or Rent?
I think you have to also take the exchange rate into consideration. I think it was about 2.65 yesterday.
