Christmas treats for property investors

Posted on Monday, December 17 2012

Christmas is always an interesting time of the year for property investment, while most of the country winds down some savvy investors are gearing up for prime bargain hunting. Personally, I’ve always enjoyed buying property over the holiday season; fewer buyers combined with increased consumer expenditure can come together creating some ideal situations for purchasing.
Not that many seasons ago I bought a house 34% under value purely because everyone was on holiday, there were no buyers available for the style of property on offer & the liquidators needed to move it yesterday.

Agents are telling me however they expect it may be quite a different story this year, with the market shortage & a lot of overseas investment they feel there will be enough activity to keep the market simmering while everyone’s away. I have noted an increase in quality deals becoming available both in my own experience & through seeing some of my client’s deals surely signifying the tapering off of first home buyers as Christmas draws near.

With sharp rates on offer & competitive lending criteria between banks continuing we’ve been flat out writing approvals & notably we’ve seen some exciting deals come through our office. Although there is less property on the market & prices at record highs there are still some great deals slipping through. There’s only one way to be in the running for a hot deal when it presents itself & if you’re not ready to capitalise on the opportunity you’ll miss out, always be pre approved.

I wish all the best to you & your families. Enjoy the fruits of what has been an incredible year & I look forward to speaking with you all again in 2013.

Matt Thorburn| CT Financial Design Ltd.

www.FinancialDesign.co.nz

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Expert's Bio

Matt Thorburn

CT Financial Design is a boutique Brokerage specialising in mortgage solutions for Investors. Founded by successful investors & borne out of a passion for funding property investment, we focus on working with a smaller group of clientele, ensuring you receive personally tailored advice every time without compromise in expertise or professionalism.

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