The RBNZ has moved the OCR up to 3.25 percent and that has pushed the NZ Dollar value upwards. The focus is to ensure the economy continues to grow and inflation is manageable at around two percent.
While there is a lot of building of homes in Auckland and a commitment to keep that sector strong to meet the demands of positive net migration supply is currently falling short of demand and house value inflation remains high.
In an earlier news item on NZHerald it was reported the demand and sales activity for homes under $400,000 was steady. House price inflation has moved properties over the $400,000 threshold however sales activity at the lower end remained business as usual.
Property investors are active in the lower and middle markets. PropertyTutors mentors Sean Wood and Steve Goodey say there’s lots of demand for their property investment mentoring services both in Auckland and Wellington.
Why the interest in property mentoring? A booming market comes with it’s own set of challenges including getting the numbers right. Higher property values results in higher rates so it’s important to lean on the wise expertise of property investing experts like PropertyTutors.
RBNZ say another interest rate rise is likely in July and more often than not lending rates tend to follow suit with variable rates rising as well as fixed term rates. Incomes are rising, the economy is growing therefore the outlook is very optimistic.
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