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@jeffoh1990 Ah that, market went over how much economy can handle. Government and banks took the risky chance during when Yen was very powerful. Almost anyone was able to get loan above their capability which drove market skyrocketing. Then Yen downfall took Japan economy down. Where it was...

@kalenebari Eventually when economy recovers/stable/ strong labour force. Price of any assets will go up again. Has any one seen any assets lost its value in long run?

@heidisolonely Im talking from majority perspective of the properties on the market. Yes you will have people sell properties for different reasons not just financial hardships. When sellers market, owners sell at maximum to maximise profit mostly. When buyers market like right now, owners will...

@edenstorm When in market crisis, the properties on the market right now are most likely, people selling due to financial hardship, people selling their old home and moving to either downgrade or upgrade, good properties however mostly wont be selling at current market and will definitely hold off.

@misszelda This is interesting fact, thanks for correcting. One thing what happens if the second home you were foong to live in under unforseen circumstance if it becomes rental instead? Or is there minimum period you need to live in it?

@misszelda So you are saying you can lie then come up with excuse that circumstances changed and now leasing the second prop as rental?

@misszelda Where are you getting this from? Im sure that is not correct. My parents has 5 properties i know last 4 were down with 40% deposit. They are across different banks. On your application when you say that you own a property it becomes investment and by regulation is enforced for all...

@misszelda https://mortgages.co.nz/guide-to-buying-a-second-home-in-nz/ Its the regulation enforced by the govt second property is considered investment unless you are selling current and buying new property. Thus second property you need 40% because bank can only lend you 60% by the...

@hollywood3307 You know second home you need 40% deposit right? If you retain house 1 and buy second. Which means with 240k cash you are looking at around 600k purchase limit even though your borrowing capacity from the bank is higher. Are you making this move for upgrading to increase standard...