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 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
TSB Special 4.49
ANZ Special 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
Kainga Ora 4.49
BNZ - Std 4.49
Kiwibank Special 4.49
SBS Bank Special 4.49
AIA - Go Home Loans 4.49
Wairarapa Building Society 4.59
Nelson Building Society 4.59
ICBC 4.99
BNZ - Std 4.99
SBS Bank Special 4.99
Kainga Ora 5.15
ASB Bank 5.15
AIA - Go Home Loans 5.15
Co-operative Bank - Owner Occ 5.19
Westpac Special 5.29
TSB Special 5.39
Kiwibank Special 5.39
ANZ 5.39
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 5.65
Kiwibank 5.65
ANZ 5.69

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