Christmas Greetings its Time for a Holiday
Hi everyone
A huge thank you to all my clients this year and what a year it has been for me at Mortgage Group.
Its been an extremely busy year for a number of reasons but the 4 key ones that I can see are…
Interest rates have fallen along with deposit % required the result is its more affordable to own your own home now then rent.
Banks lending criteria’s have generally eased over the last 12 months which means they are more willing to lend to people, in other words they aren’t so fussy whom they wish to lend to, there is still bank policy to navigate through but more funds are available.
Our wonderful city Christchurch I believe has finally come through the worst of the Earthquakes and all the hassles that brings with it, the result is people are more settled and have space to look at buying or upgrading into new homes.
Lastly house prices have generally been flat over the past 3 to 4 years and we have slipped behind when comparing ourselves to Wellington and Auckland and other main centers. This is all about to change from what I have heard and read, house prices in Christchurch are about to increase by 7 % in the next 12 months, so a few savvy buyers have been getting in early to grab a few bargains that are left before the increase is widely felt. No where else in the World can you purchase a 3 bedroom home within 3 kilometers of the city centre for under $350K.
Have a wonderful Christmas time with your family and friends and I look forward to catching up with you all in 2020.