EP: 124•
In this episode, we discuss a recent Stuff article that Ed wrote and had published. Looking at data from the Ministry of Housing and Urban Development, he found that the just shy of a third of renters actually could afford to pay for a mortgage for their first home.
With deposit requirements for the First Home Loan falling to 5%, he writes that it's puzzling that only 5% of renters each year become homeowners, when many more could afford it.
It seems there is a perception gap. 62% of Kiwis surveyed by IPSOS said that they didn't believe they could afford a home in their local area. Again, this doesn't match with the data because 72% of Kiwis either already own their own home, or could afford it according to the Ministry's data.
There is a difference between what Kiwis can do, what they choose to do and what they say they can do.
We also mentioned the Epic Guide to Mortgages which Ed wrote over the Christmas break, which may be useful if you are considering taking our a mortgage in 2020.
EP: 2017
In this episode, we discuss dollar cost averaging and how to apply this top property investment.
This includes how you can make more money investing consistently – rather than holding out for the bottom of the market.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2016
In this episode, we discuss why property investors need to diversify and think about diversification.
This includes how to make the same money (generate the same return) while lowering your risk.
And how you practically do this as a property investor in NZ.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2015
In this episode, we discuss how to deal with bad neighbours. That includes one case where a tenant's neighbours were threatening to poison their dog. We talk through who to call in different situations and a few case studies of when neighbours truly are at war.
Want to become a successful property investor? Opes+ is your one place to run numbers on all your investment properties.” Check out the new app here.
EP: 2014
In this episode, we discuss the exact process to get a mortgage top up. That includes what you can use a mortgage top up for, who you need to talk to, and different ways you can set it up. Ultimately, property investors can use this information to decide whether a mortgage top up is right for them.
Looking to calculate and compare your mortgage repayment options? Use our mortgage calculator to find out your potential monthly payments.