EP: 188•
In this episode, Tony Alexander, an independent economist, joins the show to answer: do we have a housing shortage in New Zealand?
Being the good economist he is, Tony identifies that, as long as there isn't government interference in a market in the form of price controls, a free market can never have a technical shortage.
Why?
Because the market price will adjust to balance supply and demand.
If there aren't enough houses for the number of buyers, some buyers will miss out and bid up the price of houses. That reduces the total number of buyers active in the market and brings new sellers into the market. Eventually, we'll find ourselves at an equilibrium where there is no longer a shortage.
However, Tony also identifies that there is likely a shortage compared to the number of properties we appear to want to have in society.
In particular, Tony identifies that the proportion of homes built at the lower-priced end of the market has decreased to about 5% of all homes (down from approximately 25%).
This means that there are fewer and fewer homes available for the most vulnerable in society.
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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.
EP: 2013
In this episode, we discuss what middle class really means in New Zealand.
This includes how much income and wealth you might need to be considered middle class.
And if you're not middle class ... what are you?
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: 2012
In this episode, we are joined by Laura to discuss how she went from 0 to 5 properties in just over 5 years.
That includes how she did it starting on a single income and is now just 32 years old.
She shares the highs and the lows and some of the mistakes along the way.
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