Owning a business can be one of the most exciting, overwhelming, and rewarding things that you ever do, but as we journey through life it’s safe to say that our circumstances can and often do change quickly.

Property prices, inflation, credit crunches, global tensions and high interest rates signal many property investors bowing out and determining that today’s market is the worst time to buy real estate in NZ.

Gone are the days where owning your own home was enough for a stress-free retirement. With living costs rapidly rising, the age-old dream of retiring at 65 years old is becoming exactly that – a dream. With life expectancy now creeping into the 90s, Kiwisaver and NZ Super pension funds are being stretched much farther than what most have prepared for. Retirement planning is more important now than ever before!

Most of us would like to own a regular income stream that pays us weekly with little hassle, right?! RIGHT. That is what residential real estate is fantastic for. But, when it comes to actually achieving passive income from property, should you invest in an apartment or a house?

With the cost of living at an all-time high, house prices more than they’ve ever been before and interest rates well on the rise – many people would fairly assume that 2022 is the worst time to purchase property! However, I’m here to tell you that an outlook such as this could lead to you making a very big mistake when it comes to your ability to create wealth.

If you are an investor wanting to grow your property portfolio, then second-tier lending as a finance strategy needs to be on your radar. Over the last 12 to 24 months the New Zealand property market has seen a range of unique conditions. Everything from exuberant growth right across the country, to stricter lending laws taking place and now the rise of interest rates.