Newsletter Template May 2016
Shop 3, 138 Royal Road Massey P: 831-0067 rwroyalheights.co.nz
ROYAL HEIGHTS - UPDATE Our Real Estate Company Limited Licensed (REAA 2008)
____________________________________________________________
May 2016
SOME OF OUR LISTINGS …… 43 Keegan Drive, Massey www.rwroyalheights/RYL21888
Demand High Yes the demand for property is in full swing.
Investors, developers, first
home buyers and those upgrading or 15 Starling Place, Ranui www.rwroyalheights/RYL21895
down sizing. Why? Could be any of a number of reasons, including good interest rates, improving prices, capitalising on equity or investing? So the demand is creating exciting auction results along with amazed
11 Kohiri Drive, Swanson www.rwroyalheights/RYL21904
vendors. Thinking ….. what’s my home worth today, then call for a FREE no obligation appraisal
0800 735 788 34 Anne McLean Drive, Bayview www.rwroyalheights/RYL21872
Glenn Wells - DIP Real Estate Licensed Agent / Principal The Difference in Real Estate” e. [email protected] m. 0275 984 267
www.rwroyalheights.co.nz
Mortgage rates tipped to stay steady after OCR 9:55 AM Thursday Apr 28, 2016 NZ HERALD
A mortgage broker says banks are unlikely to make any changes to home loan rates after the Reserve Bank kept the official cash rate on hold this morning. The central bank left the rate at 2.25 per cent - a record low for New Zealand - in line with economists' predictions. Karen Tatterson, an Auckland mortgage broker with Loan Market, said she had expected the official cash rate to stay the same. "There is too much speculation around house prices at the moment." She said a cut would have been a bad look for the bank as the move would have the appearance of further stoking house price increases. "They can't afford to do it from a profile perspective." Tatterson said she doubted the major retail banks would make any home loan cuts with the rate on hold. "I don't think there will be any changes at all." It was still possible to negotiate rates that were lower than those advertised by the banks and keeping the rates on hold allowed the banks that wiggle room. Last month the Reserve Bank unexpectedly cut the cash rate taking the market by surprise. The banks were slow to respond and most only passed on some of the 0.25 percentage point cut to floating and flexible home loan customers. Tatterson said even though more cuts were predicted many people were choosing to lock in their mortgage rates now. "People are saying; 'I'm going to lock it in for two or three years. I'm happy with what it is.'" Tatterson said people could get a rate of 4.1 per cent fixed for one year at the moment and even if the official cash rate fell further floating rates would likely still be above the fixed rate level. FOR PROFESSIONAL FINANCIAL ADVICE please contact Steve McCullough from Loan Market
Steve McCullough Senior Mortgage Adviser
M 022 352 2411 T 09 390 2411 W http://www.loanmarket.co.nz/steve-mccullough/ A Northwest Shopping Centre, Level 1 80A, 1-7 Fred Taylor Dr, Westgate
ROYAL HEIGHTS - UPDATE Our Real Estate Company Limited Licensed (REAA 2008)
____________________________________________________________
May 2016
SOME OF OUR LISTINGS …… 43 Keegan Drive, Massey www.rwroyalheights/RYL21888
Demand High Yes the demand for property is in full swing.
Investors, developers, first
home buyers and those upgrading or 15 Starling Place, Ranui www.rwroyalheights/RYL21895
down sizing. Why? Could be any of a number of reasons, including good interest rates, improving prices, capitalising on equity or investing? So the demand is creating exciting auction results along with amazed
11 Kohiri Drive, Swanson www.rwroyalheights/RYL21904
vendors. Thinking ….. what’s my home worth today, then call for a FREE no obligation appraisal
0800 735 788 34 Anne McLean Drive, Bayview www.rwroyalheights/RYL21872
Glenn Wells - DIP Real Estate Licensed Agent / Principal The Difference in Real Estate” e. [email protected] m. 0275 984 267
www.rwroyalheights.co.nz
Mortgage rates tipped to stay steady after OCR 9:55 AM Thursday Apr 28, 2016 NZ HERALD
A mortgage broker says banks are unlikely to make any changes to home loan rates after the Reserve Bank kept the official cash rate on hold this morning. The central bank left the rate at 2.25 per cent - a record low for New Zealand - in line with economists' predictions. Karen Tatterson, an Auckland mortgage broker with Loan Market, said she had expected the official cash rate to stay the same. "There is too much speculation around house prices at the moment." She said a cut would have been a bad look for the bank as the move would have the appearance of further stoking house price increases. "They can't afford to do it from a profile perspective." Tatterson said she doubted the major retail banks would make any home loan cuts with the rate on hold. "I don't think there will be any changes at all." It was still possible to negotiate rates that were lower than those advertised by the banks and keeping the rates on hold allowed the banks that wiggle room. Last month the Reserve Bank unexpectedly cut the cash rate taking the market by surprise. The banks were slow to respond and most only passed on some of the 0.25 percentage point cut to floating and flexible home loan customers. Tatterson said even though more cuts were predicted many people were choosing to lock in their mortgage rates now. "People are saying; 'I'm going to lock it in for two or three years. I'm happy with what it is.'" Tatterson said people could get a rate of 4.1 per cent fixed for one year at the moment and even if the official cash rate fell further floating rates would likely still be above the fixed rate level. FOR PROFESSIONAL FINANCIAL ADVICE please contact Steve McCullough from Loan Market
Steve McCullough Senior Mortgage Adviser
M 022 352 2411 T 09 390 2411 W http://www.loanmarket.co.nz/steve-mccullough/ A Northwest Shopping Centre, Level 1 80A, 1-7 Fred Taylor Dr, Westgate
