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https://youtu.be/hUJ1JRDiqGk

"Interest rates are guaranteed to rise on Wednesday, but by how much? All things property, under OneRoof"

https://www.oneroof.co.nz/news/40925

1. The big question for homeowners - 0.25% or 0.5%?
2. Rental growth may have peaked
3. Mortgages are still large in relation to incomes
4. Affordability is simply getting worse
5. Lots of gain, not much pain

This week CoreLogic will be releasing its Pain & Gain Report, looking at the difference between what property owners sold for in the last three months of 2021 versus what they originally paid (however far back that was). Inevitably, with the average hold period sitting at around seven years, and property values rising for most of that period – and especially in the past 12 to 18 months – recent vendors have enjoyed large gross profits. Of course, for the typical owner-occupier, that fresh equity just needs to be recycled back into the next purchase (everything else has risen too), and often trading up would actually mean taking on more debt as well.

Yea my friend went for a 3 bedroom home in a average area , he had a hundred and five grand deposit , he's a contractor , his Mrs works full time but earns under 65 K a year so they got rejected they would have to move out to the country to get a house . And the stupid mandates don't help .

And look how close the house is to the neighbours , it has to crash at some point the average couple who both work can't even afford a deposit , a average deposit is just over a hundred grand and some people with there hundred grand savings still get rejected ,

"Devonport home sells for $5.175m - nearly $1.4m more than three years ago.
All things property, under OneRoof"
https://www.oneroof.co.nz/news/40924