Southern Homes : March 29th 2012
Southern Homes Thursday, March 29, 2012 31 rwepsom.co.nz Located in a cul-de-sac surrounded by quality homes in East Otahuhu, on the eastern side of the motorway offers views up the Tamaki Estuary to as far as Pakuranga. This brick and tile home features 5 bedrooms, 3 bathrooms (ensuite), designer kitchen with granite bench top, open plan living flowing onto a beautiful park like surrounding with bird life, trees, an outdoor entertainment area and just meters away from the estuary - just what you've always wanted. Double internal access garage plus plenty of extra parking and easy access to motorway, Sylvia Park shopping centre, Middlemore hospital and schools. Great for kids and/or extended family! The vendors are relocating - must be sold! Otahuhu 19R Convoy Lane 5A3F2I Auction 3.00 pm, Sunday 15th April 2012 On Site (unless sold prior) View Saturday/Sunday 2.30-3.00 pm rwepsom.co.nz/EPS21491 www.open2view.com/264860 Michael Oh 0274 449 217 a/h (09) 631 5046 email@example.com LICENSED (REAA 2008) rwpapakura.co.nz You will be on the rise to success in your investment portfolio with the addition of this modern 7yo B&T low maintenance home. Consisting of 4 bedrooms, 2 bathrooms, double internal access garage on elevated full section. Situated in a subdivision of like homes in Keri Vista approximately 4km from the CBD. Currently tenanted at $410/wk with a long term, responsible tenant who would like to stay. This will be a good one to add to your portfolio, has all the right ingredients for long term growth over time. Viewing strictly by appointment. Call now. New Listing Papakura $379,000 4A2F2I For Sale $379,000 View by appointment rwpapakura.co.nz/PPK21369 Kaz Churches 0272 960 594 direct (09) 295 2414 firstname.lastname@example.org LICENSED (REAA 2008) Fixed vs floating? By ALLISTAR WALKER Mortgage interest rates have remained at all-time lows for some months. As time goes by we can all be lulled into a false sense of security that the interest rate summer will go on forever. The analogy is valid as both economic, or in this specific case, interest rate forecasts and weather forecasts have an element of unpredictability about them. However, as certain as aut- umn follows summer, low interest rates don't hang around forever. As human beings we all like to maximise the benefits of our decisions, so that we can say how smart we are. The truth is that there are no certainties as to what will happen in the future and dif- ferent experts' may have differing opinions as to when or whether you fix. Riding the floating summer breeze for too long could make for a frostier fixed rate in a month or two's time. Floating and fixed rates operate separately from one another. While most economists expect no floating rate rises before September this year -- and most probably in the later-this-year/earlier- next-year category. That doesn't mean that fixed rates will bathe in the summer sunshine until then. The three-year swap rate is up on that of late last year, with a narrower gap between the swap rate and three-year fixed lending rate than late last year. That means pressure on the profit fu-fu valve, where the gnomes of banking strat- egy will say they can't take it any more, and raise the fixed lending rates. Competitive pressures are the only thing holding them back now and as those gran- nies and retiring baby boomers want better rates for their deposits, the pressure can only increase. Certainty v Uncertainty Fixing gives certainty of repayments for the period fixed and can be a hedge against rising rate pressures. Floating gives no certainty but does have the effect of making it easier for the Res- erve Bank to control monet- ary policy, as more people are affected immediately an Official Cash Rate (OCR) rise or decrease is announced. Current indications are that at 6.10 per cent, a three- year fixed rate will probably win out against stayers on floating. One could stay on their 5.65 per cent (or less) floating rate a little longer to eke out as much profit' as possible -- or if you are risk averse you would probably think now is a good time to bite the bullet before the bullet nicks you. Strategy Individual strategies will alter depending on circum- stances, amount of debt, etc. A broad strategy would be to maintain the flexibility of some on floating and even consider spreading the fixed portions between two and three years. I would put a heavier weighting on three years, believing that the wheels of industry will eventually be better oiled and humming, resulting in more elevated interest rates in two-to-three years time. By then 6.10 per cent could look pretty good. Review loan portfolio A Registered Financial Adviser, such as us, can pro- vide an over-view of your loan (and insurance) portfolio. They will happily outline a robust forward looking strat- egy to achieve faster mort- gage reduction, find discounts available, and advise what to do with interest rates. Check out www.sorted.org. nz for all sorts of financial information. Care has been taken to ensure that any information is accurate. No liability is accepted for its use. Enquiries are welcome. Experienced in business lending and risk (insurance) advice, Allistar Walker is a Registered Financial Adviser and Senior Fellow of Financial Services Institute of Australasia. His full disclosure is available free at www.mortgagehelp .co.nz or he can be contacted at 410 6023 and enquiry@ mortgagehelp.co.nz.
March 22nd 2012
April 5th 2012