Source: Finance and Mortgage Advisers Association of New Zealand (FAMNZ)
The only thing homebuyers have to fear is fear itself, according to the Finance and Mortgage Advisers Association of New Zealand (FAMNZ).
FAMNZ managing director Peter White AM said the latest ABS Housing Confidence Survey should be welcome news to aspiring homeowners.
“Often the only thing holding back first homebuyers from taking the plunge into ownership is a feeling of fear and uncertainty,” he said.
“But this fear can come at a significant financial cost later in life if you miss out on the opportunity to amass personal wealth through property.
“Aspiring buyers should be taking advantage of today’s favourable market conditions because buying conditions haven’t been this good for more than a decade.
“The ABS survey shows buyer sentiment at its highest level in 15 years, so now is the time for aspiring owners to get into the housing market.”
Mr White encouraged buyers to do their homework before talking to a mortgage adviser who can help them find the right loan.
“Mortgage advisers can help borrowers access a far wider range of products than major banks – products specifically suited to their own unique circumstances,” he said.
“Market conditions frequently change and could become less favourable in future, so take advantage of the buyers’ market that now exists.
“You shouldn’t fear entering the housing market – if you enter the market now and start building equity it will benefit you and your family in the long run.”
