New Zealand Autumn means lovely moderate temperatures where people are still going on holiday, getting away for long weekends.
At the same time the colours are changing outdoors and there are really picturesque landscapes, particularly in the South Island (Queenstown, Wanaka are absolutely beautiful this time of year).
New Zealand is a great place to live not only for lifestyle but for jobs, education and purchasing a property. Firstly Job Opportunities - unemployment in February 2015 was 5.7% (compared to 6% in January 2014).
Property Values - Auckland area average property price increased 13% annually to $786,106 in February 2015 (QV report Feb 14 $695,499), Wellington Area +0.9% $458,557 ($453,499 Feb 2014) Christchurch City + 3.4% (Feb 2014 $453,744) Dunedin +1.2% $292,179 (Feb 2014 $288,624) and the NZ average property has risen 6.4% to $498,614 ($468,484 Feb 14).
Interest Rates - No change from Reserve Bank since July 2014 (economists predict no change to the cash rate for 2015) . Reserve Bank Governor advised there will be no removal of the LVR (loan to valuation of property) 80% threshold restriction in the near future.
Fixed Rates are very strong and banks are now offering extremely great competitive fixed rates - contact Mary to obtain rates. With a very strong economy, low fixed interest rates, no stamp duty, no land tax, just 20% deposit and around NZ$1000 to $1500 legals/registration talk to Mary of New Zealand Mortgage Solutions. New Zealand continues to be very popular destination for many Irish people. My father came from Tralee Ireland many years ago and I have seen many Irish enjoy the New Zealand lifestyle. Read our latest newsletter below!!! Would love to help the Irish!!
Mary O’Brien sets out to help Irish people achieve a life’s ambition of owning property or investing in a great property asset ‘Downunder’.
Mary O’Brien is uniquely positioned to help the Irish obtain finance. Accredited with 13 New Zealand and 35 Australian banks/lenders Mary specialises in assisting the Irish with New Zealand and Australian finance. A move to another country is never easy, especially when selling and buying a home. Before leaving Ireland, or if you live in Ireland (as an investor), Mary can obtain a bank letterhead pre-approval for a NZ or Australian property. It gives you, the buyer, the confidence and comfort in knowing just how much you can borrow and is usually valid for 90 days.
Mary, herself is of second generation Irish descent, knows and understands the ups-and-downs, the twists-and-twirls, of establishing ones-self in a new country. That is how Mary’s father, Michael, from Tralee, Co Kerry, found the ‘New Country’ in the construction industry. Through her father, Mary has been imbued with a flair for property investment. Being a frequent visitor to Ireland, maintaining close contact with her Irish relations, Mary has that special understanding of what it is like to be Irish living aborad. She is delighted to be in a position in being able to assist other Irish people in their antipodean adventure. To read the latest real estate news in New Zealand, checkout our newsletter.
This calculator will help investors analyse various repayment schedules and interest rates, as well as the effect of extra repayments beyond the minimum amount. Click here to learn more about our mortgage calculators and currency converters.
We have compiled a handy checklist of you so you can begin to understand the process involved in getting a New Zealand mortgage.
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