Good Time to Invest

Thinking about investment property in Auckland or other places throughout New Zealand? You better start acting quickly. The New Zealand housing market is proving quite the buyer’s dream at the moment.

With property prices the lowest in years, it seems baby boomers (those aged 44-62) are jumping on the low mortgage rates bandwagon and investing in new homes. There was a staggering 45% increase in real estate mortgage applications last month (compared to March 2008) by baby boomers. Those younger than the group in mention are also increasingly trying to buy property; there has been a 34% increase in 28-43 year olds applying for mortgages over the same period last year.

This activity seemingly reflects the lower interest rates invigorating demand, and is showing that investment property is continuing to give good rates of return. The market are jumping at the chance to get fixed terms locked in at these rates, so brush up on your real estate NZ knowledge and pick up a great new property!