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The NZ Property Market and Mortgage Update Podcast
The NZ Property Market and Mortgage Update Podcast episodes
- What to consider when buying a commercial property?
Last week, we shared some pros and cons of buying a commercial property because many people are now considering investing in commercial property. This week, we're going to continue with this topic and cover some of the areas that you need to consider if you are looking to purchase a commercial property to help you make a good purchase and also get your finance sorted smoothly.
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Topics Covered:
1. What areas do you need to consider if you're looking to buy a commercial property? - 01:00
2. Other areas that can't be overlooked - 11:58
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Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
16 min - Is it a good time to buy commercial property?
Recently we have been asked by some clients that whether investing in commercial property is a good idea. The new policies announced by the government and banks are not in favour of residential property investors, such as the bright-line rule, interest deductibility rule, and the LVR rule. It tends to make the commercial sector more attractive because they are exempt from these rules, and also, the residential properties are getting much more expensive than before. So, if you have a limited budget, investing in commercial properties might be a good choice.
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Topics Covered:
1. The benefits of commercial property 02:02
2. The downsides of commercial property 09:29
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Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
19 min - Three tips to help you improve tax efficiency under the new interest deduction rules
Since the government introduced the interest deductibility rule early this year, we noticed some aspects of home loans that people need to be aware. If you don't do them correctly, you may end up paying more tax, or your accountant may have a headache when they prepare your financials at the end of the financial year.
That’s why in this episode, we're going to cover three tips to help you work out how you can manage your home loan structure that best conform your situation and be tax efficient.
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Topics Covered:
Tips 1: Offset VS. Revolving account 01:02
Tip 2: Don't combine your loans, especially for the rental property loans 05:56
Tip 3: How to wisely use a lump sum money to repay loans – if you do not wish to use the money for something else to purchase a new property 06:56
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
9 min - Are higher interest rates coming?
Unexpected announcements of interest rates lifting by over 30 base points from all mainstream banks surprised many of us last week. Whereas interest rates were predicted to remain low for years to come, now turning on a dime and start rising.
The one-year fixed term rates have lifted from 2.19% to 2.5%. In this video, we'll go into depth on the reason for the interest rates increasing and reveal the tactics on how you can deal with it to minimise the impact.
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Topics Covered:
Video timeline
1. Why the interest rates increase? 01:48
2. What can we do? 05:35
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
12 min - Should be you concerned about DTI (debt-to-income ratio)?
The debt-to-income ratios are likely to be the most effective measurement that can be deployed by the RBNZ to support the stability of banking system. However, the restrictions will affect property investors, particularly those who are looking to grow their portfolios.
In this episode, we’re going to have a deep dive at the debt-to-income ratio – who will be impacted, to what extent will it affect you (illustrating by a case study), and what strategies available to you, so you can start reviewing and considering how you can minimize the impact.
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Topics Covered:
1. Who will be impacted by the implementation of the debt-to-income ratio? 04:37
2. Case study: to what extent will the DTI affect investors? 06:10
3. What are the strategies available right now? 12:59
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
17 min - Should I invest in new builds or existing properties? 13 pros and cons
The government’s recent housing reforms (March 2021) regarding investment property tax rules are causing kiwi investors to think, “should I invest in new builds or existing properties in New Zealand?”
There’s a lot to weigh up between new builds and existing properties, and this has traditionally been a controversial topic among investors.
Yet, there's no one-size-fits-all approach, and new builds may not be the right investments for everyone.
In this episode, we weigh up the pros and cons of investing in new builds and existing properties so you can make an informed decision about the suitable property investments option for you.
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Topics Covered:
1. Tax deductibility rule (cashflow) - 01:41
2. Interest rates (cashflow) - 02:40
3. Bright Line Rule - 03:25
4. Healthy Home compliance - 03:52
5. Deposit - 04:32
6. Borrowing power - 04:45
7 Maintenance - 05:24
8. Rental yield - 06:35
9. location - 07:18
10. Adding value for properties - 07:40
11. Purchase price - 08:33
12. Organic capital growth - 08:52
13. The risk of off-the-plans - 10:11
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
14 min - ASB Back My Build home loan: Everything you need to know
ASB has launched a new product called "Back My Build" with a cut-price 1.79% variable home loan rate for new builds, as the lender attempts to encourage the lending for building a new home from scratch or purchasing a home and land package.
In this episode, we’ll explain how ASB’s Back My Build works and share our perspectives on the benefits and what needs to be aware of about the product, so that you can make an informed decision.
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Topics Covered:
1. ASB launches a home loan for new builds with a 1.79% floating interest rate - 00:45
2. What are the benefits of ASB's 1.79% home loan rate for new builds? - 02:26
3. What you need to be aware of? - 04:49
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
12 min - Is it still a good time to invest in property?
We list the top seven reasons why it is still worth investing in property in New Zealand under the current economic conditions.
In March 2021, the New Zealand government announced new housing policy changes targeted at relieving pressure on the overheated market, tipping the balance away from speculators and back towards first-home buyers and long-term investors.
As a result, we noticed a growing number of people interested in buying first home, upgrading family home, or developing properties. The new housing rules spook many investors, and they are doubting if it is still worth investing in property now.
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Topics Covered:
1. Why you have to invest? - 00:44
2. Top 7 benefits of investing in properties - 03:32
3. Is now still a good time to invest in property in New Zealand? - 09:23
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are a first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
12 min - ANZ tightens servicing for rental property income, will this affect you?
On 10 May, ANZ, one of New Zealand's biggest banks, has announced they would decrease the percentage of rental income they take into consideration when assessing new home loan application from 75 per cent to 65 per cent effective from 13 May, making the first move since the Government's announcement of new housing rules in 2021.
In this episode, we'll help you go through ANZ's announcement on rental income changes, use an example to quantify how your borrowing power may be reduced under ANZ's new rules, and analyse who will be impacted by the new rules, so that you can realize the urgency of applying for a home loan before it's too late.
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Topics Covered:
1. ANZ's rental income changes - 00:51
2. How will ANZ's policy change for rental property income affect your borrowing power? - 03:24
3. Will other banks follow suit and impose new serviceability rules? - 04:24
4. Who will be affected by ANZ's new calculation rules on affordability assessment? - 05:27
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
10 min - NZ mortgage interest rates are dropping again (updated in May 2021), not as predicted by economists
Some of the major New Zealand banks have dropped interest rates on short-term loans. At the time of writing (03 May 2021), the lowest one-year rate is 2.25% among these major lenders.
In this episode, we’ll update you with the latest information about NZ home loan interest rates 2021 – the current rates for short-term loans, the lowest interest rate, the trend and forecast for the next two or three years, and our suggestions on how long you should fix your home loan for in 2021.
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Topics Covered:
1. NZ home loan interest rates (Updated on May 2021) - 00:46
2. NZ interest rates trend - 02:21
3. How long should I fix my home loan for? - 02:50
------------------
Subscribe To Our Podcast
Make sure you've liked and subscribed to our channel where we upload new content every week!
------------------
Prosperity Finance – here to help
If you would like to get more tailored advice, please feel free to get in touch. We are happy to review your situation and let you know how we can help. Call us at 09 930 8999 or email [email protected] for a chat with one of our mortgage advisors.
As mortgage brokers based in New Zealand, we can help you to achieve your financial goals. No matter you are first home buyer, property investor, or looking for buying a commercial property, or if you are a construction builder or developer, we're here to help.
------------------
If that wasn't enough, you can also connect with us by...
Website: https://prosperityfinance.co.nz/
Youtube: https://www.youtube.com/channel/UC9kryOMVOEZv8dmWGHz0ppA
Linkedin: https://www.linkedin.com/in/conniewang-profinance/
Facebook: https://www.facebook.com/ProsperityFinanceNZ/
Instagram: https://www.instagram.com/prosperityfinance/?hl=en
5 min
About The NZ Property Market and Mortgage Update Podcast
From the publisher's feed
Brought to you by Prosperity Finance. Each week we will bring you all the latest news and insights to keep you up to date with everything to do with the New Zealand property market and mortgage lending. As professional mortgage brokers, we'll not only cover the topics Including banks lending policies and interest rates, but also the financial tips on how property investors should structure their loans to grow wealth much faster.
To speak with us personally, call (+64) 09 930 8999 or email [email protected]
https://www.prosperityfinance.co.nz