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Leverage is another valid strategy whilst we are in this phase of the property cycle. It’s not for everyone but I personal experience with Leverage and provide a brief example of my personal experience and how it worked for us.
Multi-offers are now becoming the norm and there are more properties being sold by auction again as the worm slowly turns. This is assisted by a more pragmatic application of the CCCFA and aligns with the main bank lenders getting their books into a more balanced position coupled with more availability of low deposit lending (under 20% lending) and more access to Kainga Ora First Home Loans with as little as 5% deposit.
Long-term Property investors stay strong on their strategy and in-fact are eyeing up the market for opportunities to expand their portfolios.
The changes/tweaks in Monetary/Lending Policy via the Reserve Bank are having a mixed impact.
Go to court prepared. Show you are professional, courteous, fair but that you maintain records and don’t deal in emotion but instead can back up your case with facts.
