Mortgage Broking Under A Labour Government

The New Zealand government changes in September 2017, and this will bring about out significant changes to the housing market. The net effect all the proposed changes should be a lot more new houses being built and a lot more first home buyers getting into their first time.

One of the labour parties key policies this to build around 100,000 new and affordable homes up and down New Zealand  within about 5 years. The problem that the Labour Party sees is that most of the new homes built currently nearly twice the size that was really needed for an affordable first time, and are correspondingly nearly twice the price.  The labour party’s new kiwibuild plan is designed to free up land in the large  sentence and to purchase a very large number of new home builds, that’s encouraging the  the corporate builders of new homes to use much more cost effective manufacturing techniques. Even those who are earning $85k per year are not able to afford a home in much of NZ.

At the moment all new homes have their frames and roofing Trusses pre built offsite, and has anyone who has seen a new house being built, the frame and the roofing trusses can be erected easily by two people in the space of two to three days. However from that point on there is a lot of work required to line the house inside, to install the wall cladding and the roof, and it would install all the plumbing and Electrical Services and then paint and fit and finish house. Even the best mortgage brokers in Hamilton are looking to fix this issue. Modern building techniques used overseas particularly and Sweden and Japan use a large an automated Factory to manufacture the finished house wall panels including all the wiring and plumbing and Insulation. These are simply dropped into place once the concrete floor Pad has been completed, and it has been demonstrated that the entire house can be assembled and be ready for painting.

This can have a huge impact on the cost of a new house and also the time taken to build a house, is all of the complex wall panels both internal and external will be manufactured by a largely automated and robot-equipped  Factory, and the time on site for the very valuable builder is only a couple of days.

The impact of this programmed the housing market and on the mortgage broking sector will be massive, as new houses there are less than half the cost existing you house was will become available for first time buyers on a massive scale, and all these guys will need a good sound mortgage. This will be the type of Environment that mortgage brokers in Waikato flourish in,  and it should mean that the mortgage broking sector is very healthy for the next 5 to 10 years.