House Prices

Juggling with security - Mary Holm

Q. Unlike a lot of people we know in a similar position, my wife and I have not invested in real estate, apart from the house we live in.

Our house in Auckland is now worth about $350,000, and our equity in it is about $200,000.

If we want to make our money (our equity) work hard for us, and we don't choose to invest in real estate, what else could we invest in? <

Saturday, July 24th 2004

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Would we be better off borrowing to invest rather than simply paying off the mortgage as soon as possible? Frankly, it's hard to get enthusiastic about paying off the mortgage.

And how willing will our bank be to lend us money to invest in assets other than property?

We are both in our mid-30s and have two young children. Our combined income is over $100,000 a year.

A. That expression "getting your equity to work hard for you" - often used by property sales people pushing rentals or people justifying their property investments - always makes me wonder.

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Unity First Home Buyer special 3.95
SBS FirstHome Combo 4.19
ICBC 4.49
Co-operative Bank - First Home Special 4.55
Kainga Ora 4.59
Unity Special 4.59
BNZ - Std 4.65
Co-operative Bank - Owner Occ 4.65
AIA - Go Home Loans 4.65
ASB Bank 4.65
TSB Special 4.69
ICBC 4.89
China Construction Bank 4.95
Kainga Ora 4.95
Unity Special 5.09
Nelson Building Society 5.09
Westpac Special 5.19
BNZ - Std 5.19
SBS Bank Special 5.19
ASB Bank 5.25
AIA - Go Home Loans 5.25
TSB Special 5.25
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
BNZ - Std 5.79
SBS Bank Special 5.79
Co-operative Bank - Owner Occ 5.89
ASB Bank 5.89
AIA - Go Home Loans 5.89
Kiwibank Special 5.99
TSB Special 5.99
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.75
Kiwibank Special 5.75
Kiwibank 5.75

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