Wiremu Patrick

[Wiremu Patrick @WiremuPatrick]

https://t.co/NT6uFYoPyr https://t.co/is5IR9Sv1j

[Wiremu Patrick @WiremuPatrick]

Interesting whakaaro/thoughts here from one of Aotearoa’s leading economists, Tony Alexander. https://t.co/mPifr53Aq9

[Wiremu Patrick @WiremuPatrick]

A step in the right direction..! This will make it easier for 1st home buyers & existing home owners 👏🏽👏🏽👏🏽 https://t.co/N2pud5DzQE

[Wiremu Patrick @WiremuPatrick]

Had to laugh 🤣🤣. Haven’t had a request like this yet but if petrol prices keep going up, who knows 🤷🏽‍♂️🤷🏽‍♂️ https://t.co/8OqZE1jWQI

[Wiremu Patrick @WiremuPatrick]

Its hard out here for peeps at the moment!
Prepare, plan & seek advice whānau 💯 https://t.co/lX1hCshr7S

[Wiremu Patrick @WiremuPatrick]

Across Aotearoa, households who take out a new home loan now had to spend nearly half (48 per cent) of their income to service an 80 per cent mortgage, up from 42 per cent in the previous quarter and 33 per cent a year ago. https://t.co/Wg0CN4Y9gA

[Wiremu Patrick @WiremuPatrick]

This has been on the cards for a long time. Not a popular political decision (which is a main reason why previous govt’s haven’t touched it) but it’s looking more & more likely as Covid related debt increases. https://t.co/JZQ8M951ZT

[Wiremu Patrick @WiremuPatrick]

This is good news. It is incredibly tough for people looking to borrow money at the moment. Hopefully, common sense will prevail.. 🤞🏽🤞🏽🤞🏽 https://t.co/GBeCsEH9rG

[Wiremu Patrick @WiremuPatrick]

Couldn't agree more..!

This week a bank said that a couple of first home buyers were unable to borrow the money they needed for a new home because they spent too much on eating out & take-aways! My response, "ok, but because they…https://t.co/jt1TcjDNyy https://t.co/LlhI2IkO3K

[Wiremu Patrick @WiremuPatrick]

“In Wellington, land is scarce, and the physical limitations mean we can’t grow out to the same extent.” https://t.co/W9yxRzABzd

[Wiremu Patrick @WiremuPatrick]

Something needs to be done to help first home buyers. Saving a 20% deposit is tough! 😫😫

Kiwibank aren’t the only bank to do this but there are still some banks/lenders in the market, who can work with first home buyers with less than 20% deposit. https://t.co/uLQ2LPqz3x

[Wiremu Patrick @WiremuPatrick]

“We are still seeing the same factors driving value increases − namely low supply, high demand, and relatively low interest rates.” https://t.co/hywXoOqNos

[Wiremu Patrick @WiremuPatrick]

Some banks now have 'debt to income ratios' meaning your borrowing power will be restricted by your income.

Not all banks have done this so certainly worth looking at your options..! https://t.co/vcrZOrMj5M

[Wiremu Patrick @WiremuPatrick]

The changes will allow landowners in Auckland, Hamilton, Wellington, and Christchurch to build up to three storeys and on up to 50 per cent of their land without resource consent from August 2022. https://t.co/3kzqKAchqN

[Wiremu Patrick @WiremuPatrick]

Buying a whare/home is tough.. so you need to be too!

Inspirational story here about learning the hard way, picking yourself up & achieving your goal! https://t.co/GTRt07ZCdx

[Wiremu Patrick @WiremuPatrick]

"In 2021 buyers paid a national average of $829,747 for what are classified as new builds, compared to a national average of $889,055 for existing properties." https://t.co/oLIFZWWQhO

[Wiremu Patrick @WiremuPatrick]

"House prices were 25 per cent higher in August than the same time the year before, despite a nationwide level 4 lockdown" https://t.co/xmliFbRZf8

[Wiremu Patrick @WiremuPatrick]

This Wellington property sold for $670,000 in 2015. It now has an estimated value of $1.47m. https://t.co/LcxwwNHAPR

[Wiremu Patrick @WiremuPatrick]

" It only costs $18 a week more on average to service a mortgage than pay market rent for first home buyers purchasing in June" https://t.co/ui7jMEZ26k

[Wiremu Patrick @WiremuPatrick]

Kiwisaver fees have come under scrutiny so good to see one of the default providers cut their fees.

The more grey hairs I get, the more things like Kiwisaver fees make a difference as I’m closer to actually being able to access my Kiwisaver. https://t.co/Y70HRP0xDl