Canterbury Property Investors Article – Feb 2018

 

 

 

It’s great to be writing another column as the principal sponsor of the Canterbury Property Investors Association. 2018 is well underway and looks to be another busy and event-filled year. We look forward to continuing to provide value to the CPIA community and collaborating on a number of events throughout the year.

The LVR improvements late last year means the door may have opened for investors who only just missed out at the 60% mark in the past. We have seen a number of clients outside the mark by a small margin, so the change to 65% is a great improvement. Don’t hesitate to reach out – we can sit down and find out what will work for you.

Recently, the first OCR announcement of the year took place. The main key point was that rates are expected to stay flat for the immediate future. The flow-on effect from this is that short term rates have fallen, with one rate as low as 4.09% being obtained recently. Remember, 80% like-for-like transfer still exists for investors looking to start interest only terms again. It’s been a positive start to the year with an increase in activity in the Christchurch market. We are seeing more client enquiry after a fairly quiet final quarter of last year.

We look forward to continuing to build relationships within the CPIA community and providing our clients with a well-rounded and trusted service. Our insurance specialist Craig Collins works exclusively with our clients to ensure their portfolio is safe and protected. The recent LVR and rate announcements may create an opportunity for you. If you would like to chat with us about the new changes and your property goals, give Tony Mounce Mortgages & Insurance a call on 0800 MOUNCE.

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