Values still falling but first home buyers still buying
The NZ Property Market Podcast
00:00
The Impact of Mortgage Rates on Rents
Mortgage payments have just gone through the roof with the increase in mortgage rates. For a period there, it was actually cheaper to pay your mortgage when interest rates were at 2%. But that's dramatically shifted around. If people are renting, it's kind of, well, just stay renting for a bit because,. you know, it's actually relatively cheaper at the moment. That could be a dynamic as well. Not preventing lots of first-time buyers still getting into the market, like I've just talked about. It's one thing to try and reduce the attractiveness of property as an investment vehicle - but can we make them even more attractive? So yeah, it's a really interesting
Transcript
Play full episode
