Is now the right time to buy?
My money is on house prices turning a corner this year. Nation-wide, I think they've already bottomed out.
But that doesn't mean everyone should buy right now. If you're going to invest now, you've got to:
- Be able to get the bank to say yes
- Be able to handle the higher interest rates
You've also got to pick the right area to invest in. Because the house price bounce back will be uneven.
Auckland could go up while Gisborne stays flat.
Wellington house prices may continue to fall while Canterbury starts to rise.
You've also got to pick the right deal. To learn how to do that, come along to my webinar this coming Tuesday.
You'll learn how to spot the difference between a good and bad investment property. Click the link below to sign up:
-> I want to learn how to spot a good vs bad investment property
You’ll also notice that I’ve referenced a lot of Tony Alexander’s data in this newsletter.
That’s because he has the best data for finding out what’s happening in the property market today.
He surveys mortgage advisers and real estate agents to see what they’re seeing. So his data can show movements in the market before the official real estate data does.
I recommend reading some of his reports and signing up for Tony’s View. You can do that at tonyalexander.nz