Navigating the End of the First Home Grant: Strategies for Increasing First Home Buyer Deposits

Navigating the End of the First Home Grant: Strategies for Increasing First Home Buyer Deposits

The recent announcement by Housing Minister, Chris Bishop, regarding the scrapping of the First Home Grant has significant implications for prospective first home buyers in New Zealand. This

27 May 2024
How Proposed LVR Changes Could Help You Secure Your Dream Property

How Proposed LVR Changes Could Help You Secure Your Dream Property

Are you thinking about buying your first home or investment property? Well, you could be in a stronger position to purchase because the Reverse Bank of New Zealand (RBNZ) has proposed easing

27 April 2023
Time to say good buy? Fewer investors could be the key for first home buyers!

Time to say good buy? Fewer investors could be the key for first home buyers!

As experienced mortgage advisers, the team at O’Hagans understands that the New Zealand housing market can seem unpredictable! However, we’ve got good news for all the first home buyers

20 April 2023
Can I Buy a house with a low deposit?

Can I Buy a house with a low deposit?

While the current finance markets can make it more difficult to purchase a home with a low deposit (ie less than 20% of the purchase price) there are still many options out there.  In order to

11 October 2022
First Home Buyer - how to get into the market?

First Home Buyer - how to get into the market?

Many people today are commenting that they will never own their own home.  This is far from the truth.  There are many ways to enter the property market and for people to buy their

27 September 2022
Top Tip Tuesday - Is using buy now pay later a good move?

Top Tip Tuesday - Is using buy now pay later a good move?

If thinking about applying for a home loan, try to avoid any buy now pay later products such as Laybuy, Afterpay, Zip, Humm or Pay day loan type products. While these may appear to be a good idea to

14 June 2022
Top Tip Tuesday - Expenses

Top Tip Tuesday - Expenses

Align your expenses with your pay schedule. For example, if you get paid weekly then make as many of your payments on your commitments weekly so that those are paid first and you don't have to

3 May 2022
Home Loan Affordability

Home Loan Affordability

Over the past few months we have seen a lot of media coverage regarding the difficulties of obtaining lending to buy a home. Credit criteria to be met is tougher following the introduction of the

19 April 2022
Top Tip Tuesday - Kiwisaver

Top Tip Tuesday - Kiwisaver

For first time buyers Kiwisaver is the main vehicle you’ll use for a deposit. If you feel that you’re not a good saver we would recommend increasing your Kiwisaver contribution above the

5 April 2022
CCCFA - What does this mean for me?

CCCFA - What does this mean for me?

Great news! In the recent weeks the Government have reviewed the interpretation of the CCCFA which was introduced 01/12/2021. Initially this casued banks to go on a major credit crunch resulting in

21 March 2022