Young buyers are coming back
From Independent Economist Tony Alexander In my monthly survey of mortgage advisers all around the country we can see that first home buyers are moving back into buying mode. Before the shock inflation number of October 18 then the record monetary policy tightening of November 23, a net 48% of mortgage brokers in my survey […]
Is property still a good investment?
Let’s start by defining property investment as a property that will be rented out, rather than a property to live in. We will mostly focus on residential property for this article but will also touch on industrial and commercial property. Let’s examine why you might buy property as an investment. Some of the reasons (not […]
The Christmas Gift of Buffett
I recently read a book about Warren Buffet, called Buffet, Making of an American Capitalist, by Roger Lowenstein, which was published in 1996. Warren Buffet is one of the most successful investors in history. He is often referred to as “The Oracle of Omaha” and has at times been the richest person in America. Over […]
Love Your Money
If your home loan interest rate is coming up for review shortly, then this information is for you! By being proactive, and talking to your adviser, you can put together a plan, and remove some of the fear that higher interest rates can generate. A few tips to help manage increased interest repayments. If you […]
If you can dream it, you can do it
If you can dream it, you can do it Yes, it’s true. It is possible to buy your first home in this market. We have seen what planning, budgeting and hard work can produce. Sacrifice, yes there is that too. As Walt Disney said “if you can dream it, you can do it”. We have […]
Turning of the housing cycle
From Tony Alexander The negatives for housing have been dominant over the past year and a half with regard to interest rates rising, net migration flows turning negative, new house supply rising firmly, credit access tightening, and tax changes dissuading investors. Initially these factors were swamped by a shortage of listings from mid-2021. But since […]
Why Savers should love a Bear Market
Firstly, a bear market is one that is falling. Imagine a bear tearing the market down. A market that is moving up is often referred to a bull market. Imagine a bull bucking the market up. “Regular savings makes you love and long for bear markets” Nick Murray. Nick Murray has been a financial services […]
Interest rates up – and down
From Tony Alexander The Reserve Bank has raised its official cash rate by 0.5% three times in a row now and extra rises eventually taking the official cash rate to 3.5% from the current 2.5% look likely. But the most recent change in fixed mortgage rates has been a cutting of the two year rate […]
Time in vs Timing the Market and Recent changes for First Home buyers…good ones!
Let’s hear Independent Economist Tony Alexander’s Latest View First In the past month forecasts for world growth have been revised downward, more evidence has emerged of troubles in the home building sector, we learnt retail spending was weaker than thought in the March quarter, and the Reserve Bank has lifted its cash rate by another […]
Interest Rate Implications Of An Economic Downturn
Interest rate implications of an economic downturn Independent economist Tony Alexander shares his monthly view: Come May 25 the Reserve Bank are likely to increase the official cash rate by another 0.5% to 2.0% as they take away the pandemic stimulus and try to actively restrain growth in the economy. Those last five words are […]