Office 87, Level 1 NorthWest Shopping Centre 1 Fred Taylor Drive Waitakere P: 831-0067
NORTHWEST CENTRE - UPDATE Our Real Estate Company Limited Licensed (REAA 2008)
March 2017
Confusion ! Buyers; are buying, not buying. Sellers; are selling, not selling. Bank interest rates; going
up, staying the same. Market; going up, going down, staying the same? Confused? The media sure is as they seem to print so many conflicting stories. What is really happening at the ‘coal face’? Call for a chat and no obligation appraisal:
0800 735 788
Glenn Wells - DIP Real Estate Licensed Agent / Principal “The Difference in Real Estate” e.
[email protected] m. 0275 984 267
Market update
Reserve Bank predicts OCR unchanged
The inflation of house prices in New Zealand has slowed down and prices dropped in Auckland, last month. The prediction by The Reserve Bank is that the Official Cash Rate will stay unchanged throughout 2017 and 2018, and forecasts there won’t be a spike until the second half of 2019. While some banks are lifting longer term mortgage rates, others are tightening lending criteria to slow down lending growth, in order to be on par with the growth of term deposit. A Debt-To-Income limit will most likely not be brought in by The Reserve Bank, this year as thorough examination is required. POSTED 27 FEBRUARY 2017 BY RAQUEL DE OLIVEIRA https://www.loanmarket.co.nz/news/market-update-feb
Steve McCullough
Senior Mortgage Adviser | Phone 09 390 2411 | 022 352 2411
[email protected] NORTHWEST CENTRE
Relocation special offer ……. To celebrate our move we are offering a $1,000.00 contribution to the marketing of your home, so call to discuss today. (Conditions apply, valid until 31st March 2017)
Still looking after your local area Glenn Wells
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DIP Real Estate Licensed Agent / Principal e.
[email protected] Ray White NorthWest Centre - Our Real Estate Company Limited Licensed (REAA 2008) p. (09) 831-0067