Is it safe to sit on the sidelines of the property market? – Ask Susan
RNZ's money correspondent Susan Edmunds.
Photo: RNZ
Send your questions to susan.edmunds@rnz.co.nz
I am currently selling my house and plan to spend a few months overseas for family reasons, before returning to NZ and buying my next house in a new town. I am mortgage-free. My living costs overseas will be negligible, while I will be paying $100 a month to store my furniture in NZ. I am looking to earn a bit of interest on my house money in the meantime. Are non-bank lenders safe enough to entrust my life savings with, or should I stick with banks? What about Rabobank?
With housing prices relatively flat at the moment and interest rates still relatively high, should I consider investing for longer - say six months - and extending my time overseas, or is there a reasonable risk that hous...










