From early August, major lenders have dropped their one-year fixed rate, currently with one year fixed rate at around 4.95%, 5 years fixed rate also moves back to high fives. It seems that fixed interest rates are more settled and stabilising.
What we have noticed that while some house purchasers sit on the fence and hoping there is a further price fall, there has also been a trend of increasing pre-approval activities, especially among first home buyers’ market including new immigrants who has been granted New Zealand Residence Visa’s.
Whether to weight out balance in between lower house prices, more settled interest rates & more choice in the housing market, there doesn’t need to be a huge rush into the market, you always should take necessary due diligence, at your own time and pace to find a suitable property, however, it’s a great time to ensure you are have a well-prepared attractive plan & more importantly take necessary actions with professional help towards purchasing your dream home.
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