Are You Watching The Mortgage Market
A short but nevertheless very important blog for those of you who are interested in the property market.
This summary is from my good friend Keith Jones, Mortgage Broker over at Loan Market
They come from the ANZ Property Focus monthly newsletter. A full copy is available simply by emailing me.
Some interesting data in this property report. Some of the points I have taken out of this…..
Fixing a loan for 1 or 2 years is recommended
Property investors remain upbeat, with over 70% planning to buy another investment within the next 12 months
Interest rates should remain stable, and no OCR rises forecast for the next 12 months.
Auckland property investors , (for what it’s worth) 74% are expecting Auckland house price rises on average 2.5%+ over the next 12 months.