But then again, last year was even better...

And before that the previous year too...

The best time to buy in NZ was last year the next best time is now (ancient Chinese proverb modified for the NZ property market)

Here is the thing, there are always new rules and other reasons why some people find a reason to "wait and see". Unfortunately, you could be waiting a while.

The latest change that has been splashed across the headlines is the new CCCFA rules, for you, that means banks are looking closer at your spending.

You've seen the headlines of mortgages being declined because of a trip to Kmart or overspending at Christmas - but those headlines aren't telling the full story.

That just doesn't happen.

Mortgages are based on income vs expenses at a scaled rate. If you spend "too much" this might just lower your pre-approval amount, if it was going to be a decline then this would be because of something a lot more serious than one trip to the shops.

In this week's podcast, we dive deeper into the new rules and why they aren't that scary, how you can still get a mortgage, and other opportunities in the market right now.

Top takeaway - get a mortgage broker to look at your spending before sending it to the bank so that they can prepare you for what the bank is looking for.

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