John Kenel’s Post

Brighter Days for First-Home Buyers and Small Investors? 🏠 Recent trends in the NZ property market show first-home buyers are still going strong, especially in the new-build segment due to lower deposit requirements. Meanwhile, some early signs suggest that new, smaller investors might be looking to re-enter the market, potentially moving beyond new builds as interest rates stabilise. For relocating owner-occupiers there’s been less activity in recent years due to market uncertainty, but this could change as financing conditions ease and demand to upgrade or downsize grows. Looking ahead, we might see a stronger presence from both FHBs and small investors throughout 2024 as the market dynamics shift in their favor. These trends suggest that while challenges remain, there are emerging opportunities for buyers and investors to take advantage of current conditions.

The recent data on investment properties selling at a loss, especially in areas like Parramatta, sparks a conversation about the challenges investors face. Quality issues in apartment buildings and the differential impact on detached houses are crucial considerations. For those in the mortgage market, it adds an extra layer of complexity. How do you think this might influence investor sentiments and mortgage trends? Let's discuss the potential implications for both buyers and industry professionals. #PropertyInvesting #MortgageMarket #SydneyRealEstate

The recent data on investment properties selling at a loss, especially in areas like Parramatta, sparks a conversation about the challenges investors face. Quality issues in apartment buildings and the differential impact on detached houses are crucial considerations. For those in the mortgage market, it adds an extra layer of complexity. How do you think this might influence investor sentiments and mortgage trends? Let's discuss the potential implications for both buyers and industry professionals. #PropertyInvesting #MortgageMarket #SydneyRealEstate

The recent data on investment properties selling at a loss, especially in areas like Parramatta, sparks a conversation about the challenges investors face. Quality issues in apartment buildings and the differential impact on detached houses are crucial considerations. For those in the mortgage market, it adds an extra layer of complexity. How do you think this might influence investor sentiments and mortgage trends? Let's discuss the potential implications for both buyers and industry professionals. #PropertyInvesting #MortgageMarket #SydneyRealEstate

CoreLogic's Chief Property Economist Kelvin Davidson explores a number of ongoing and emerging trends in NZ’s property market, including the continued strength of first home buyers (FHBs) compared to relatively low levels of activity from relocating owner-occupiers (‘movers’) and mortgaged multiple property owners (MPOs) – along with early indications that new investors are beginning to re-enter the housing market. Read the full article here: 👉 https://hubs.la/Q02NgH5r0

🏠💼 Exciting News for Property Investors 💼🏠 I'm thrilled to share the recent update on the UK housing market trends, especially the news from Halifax indicating that the average UK house price is now just £1,800 off the peak recorded in June 2022! This signifies a steady increase of 0.4% in February, marking the fifth consecutive monthly rise. Property prices have shown a 1.7% growth on an annual basis, providing a more favorable landscape for both capital growth and rental yield opportunities. With the average UK house price at £291,699 in February, reflecting a month-on-month increase and aligning with promising signs of increased housing activity, investors can leverage this momentum for their benefit. The recent budget announcements by Chancellor Jeremy Hunt, including a reduction in the higher rate of capital gains tax on residential properties from 28% to 24% starting April 2024, offer added incentives for property investors. These measures aim to encourage landlords and second homeowners to sell their properties, thus making more properties available for various buyers, including those looking to step onto the housing ladder. In this high-interest rate environment, the potential influx of new listings resulting from the tax cut could inject renewed energy into the housing market. This presents property investors with a fantastic opportunity to explore the market with more confidence, anticipating a better chance for capital growth and enhanced rental yield prospects. In conclusion, the current market dynamics, reinforced by positive trends and supportive policy measures, point towards a more favorable environment for property investors to thrive and maximize their returns. Stay tuned for more updates and insights on navigating the evolving property investment landscape! 📈🔑🏡 #PropertyInvestment #RealEstate #CapitalGrowth #RentalYield #UKHousingMarket #Investing #TaxMeasures #Budget2024 #UK #UKPropertyInvestment #UKInvestment

Looking to buy or invest? In this week's The Real Estate Conversation, John McGrath discusses the recent shift in Australia's property market dynamics. #mcgrathestateagents #realestate #property #johnmcgrath #mcgrathinsights

Two pieces of promising news for the UK property market The UK property market continues to pick up its pace as we head through spring, and there are some new positive indicators for the sector. House price trends and the wider economic landscape are both something to keep an eye on when dealing with the housing market, whether you’re a prospective first-time buyer, an existing homeowner or a property investor. Steady or climbing prices indicate a strong market, while the economic situation influences market activity: https://lnkd.in/eDTjRTJh #property #houseprices #housing #economy #trends

Australians are grappling with some of the steepest increases in mortgage rates globally, leading to significant rises in debt servicing costs. Unlike many countries that have a higher proportion of fixed-rate mortgages, Australia predominantly utilises variable rate mortgages with shorter fixed periods, usually three years or less. This structure has resulted in Australian mortgage repayments escalating more rapidly than those in other countries, even though the Reserve Bank of Australia (RBA) has raised interest rates to a lesser extent compared to other nations.  According to Roy Morgan Research, this sharp increase in interest rates has pushed an additional 724,000 Australians into mortgage stress since May 2022, when the RBA commenced its rate hiking cycle. Currently, official interest rates stand at 4.35%, the highest since December 2011.  Roy Morgan's findings indicate that the number of mortgage holders deemed ‘Extremely At Risk’ has surged to 918,000, which is 18.7% of mortgage holders. This figure substantially exceeds the ten-year average of 14.4%.  However, there is a silver lining as the percentage of Australians experiencing mortgage stress has slightly decreased to 30.3% in March from 31.4%, attributed to stable mortgage rates and growth in household incomes. This improvement suggests some relief for homeowners, though the overall situation remains challenging. These developments underline the unique vulnerabilities of Australian homeowners to interest rate fluctuations and emphasise the need for financial vigilance in the current economic climate. We send insights to your inbox just like this every week, and the best part? It is free. Join the mailing list: https://lnkd.in/gnj3sKtq  #mortgage #property #realestate #investment

🏠 The Future of Australia's Housing Market: Key Insights and Warnings With property prices still on the rise, one of Australia's top real estate gurus has issued a sobering warning—what’s next for homebuyers? Experts suggest that housing affordability may worsen, and a correction in the market could be inevitable. At Ray White CHK, we’re committed to helping our clients navigate this challenging landscape, offering guidance on how to make the most of today’s property market while preparing for future shifts. If you’re a buyer looking for a home or investment, staying informed and working with experienced professionals is more important than ever. Ready to take the next step in your property journey? 🔗 Read the full article here: https://lnkd.in/g6UYx6ju #RealEstate #PropertyMarket #HousingAffordability #RayWhiteCHK #AustraliaHousing