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Today we sit down with the esteemed Steve McMenemy, director and mortgage advisor at Loan Market Auckland. As a veteran in the finance industry, Steve provides us with a deep-dive into the intricacies of the New Zealand property. We walk through the projected growth in the Massey area, and Steve unpacks the vulnerabilities and opportunities in the new build market. In light of the Unitary Plan, we also discuss its impact on the housing market and new build projects.

Shifting gears, we delve into the current housing market and the psychology of first-time buyers. Steve shares valuable insights into the factors stoking increased demand and gives practical advice to those grappling with affordability in this fast-paced market. In the wake of recent changes in property investor borrowing, we dissect the implications of removing the ability to offset mortgage interest costs as a tax deduction, as well as the loosening of LVR restrictions.

To wrap up our discussion, we turn our attention to the evolving trends in apartment living and reflect on the Reserve Bank's influence on the market. We also explore the role of debt-to-income ratio in bank policies and why more Kiwi are turning to brokers for their mortgage needs. Steve's unique insights and experiences provide a fascinating perspective on these topics, making this a must-listen episode for anyone interested in the New Zealand property market. So tune in and enjoy this comprehensive ride through the NZ property market!

Contact Steve at:
https://adviser.loanmarket.co.nz/steve-mcmenemy/
https://www.instagram.com/steve.mcmenemy/ 
loanmarket.co.nz/steve-mcmenemy 
021 743 494 

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