Property Outlook Positive for 2012
Lower interest rates and growing consumer confidence will help stimulate the home finance market in 2012, says leading mortgage group Loan Market.
The year ahead looks quite promising with the likelihood of interest rates staying on hold and lender risk appetites growing.
With many economic forecasters expecting the RBNZ to remain on the sidelines until the third quarter of 2012. This will be a relief for borrowers and first home buyers trying to get their foot in the property market.
Despite uncertainty around the European debt crisis and how it will affect the funding capacity of the New Zealand banking sector, consumers should remain upbeat with current interest rates on hold.
First home buyers are especially encouraged to explore all their options when it comes to their lender and buying the right property.
With the current competition between the big banks and lenders, a mortgage broker can help you negotiate a competitive home loan deal.
For a free home loan assessment, talk to me today and get an expert on your side.
Loan Market GroupTags: European Debt Crises, first home buyers, house prices, Loan Market Group, Property Outlook, RBNZ