Posts Tagged ‘First Home Buyer’
How you may be able to buy your rental off your landlord
Are you renting a property that feels like home? Perhaps you’ve considered the possibility of buying it from your landlord, turning that familiar space into your own. At Connect Me Mortgages, we’ve seen a growing trend in private sale transactions, particularly between tenants and landlords. If you’re interested in taking this step, we’re here…
Read MoreMaking a decision to gift or lend money to your child for deposit
Navigating the journey to homeownership can be a challenging adventure, particularly for young adults stepping onto the property ladder for the first time. For parents, watching a child prepare to take this significant step is a proud moment, and many are eager to offer support. In this blog, we cover practical ways parents can…
Read MoreHow can I come up with a house deposit?
It’s tough out there in the current property market if you’re a first home buyer wanting to take that giant leap to get on the property ladder. Every dollar counts though, and to put this into perspective, for every $1,000 you have in deposit, this could add $10,000 to $20,000 to your overall purchase…
Read MoreChanges to the Bright-Line Test
What is the Bright-Line property rule? If you sell a residential property within a set period of time after acquiring it, you may have to pay income tax on any gain on the sale, unless an exclusion or rollover relief applies. This also applies to New Zealand tax residents who sell overseas residential properties*.…
Read MoreBuying vs. Renting
Making the Right Decision in Today’s Market In the ever-evolving landscape of today’s property market, one of the most significant decisions facing individuals and families is whether to buy a home or continue renting. With fluctuating interest rates, changing market conditions, and personal financial situations, this decision is more complex than ever. At Connect Me…
Read More