OCR Slashed to 4.75%: Economic Impact and What It Means for NZ Homeowners
In a significant move that’s set to impact the New Zealand property market and broader economy, the Reserve Bank has cut the Official Cash Rate (OCR) by 50 basis points to 4.75%. This decision, announced on October 9, 2024, marks the second consecutive rate cut and signals a shift in […]
Investment Property 101: How to Get Started in NZ Real Estate
The New Zealand property market is a dynamic and ever-changing landscape that offers a range of opportunities for investors. With a growing population and a robust economy, the demand for housing and commercial properties continues to increase. Understanding market trends, property values, and rental yields is crucial for making informed […]
How to Leverage Equity in Your Home for Investment or Renovation
Home equity refers to the difference between the current market value of your property and the outstanding balance on your mortgage. In essence, it represents the portion of your home that you truly own. As you make mortgage repayments, you build equity in your property. Moreover, any appreciation in the […]
Understanding LVR Restrictions: What First-Home Buyers in NZ Need to Know
In recent years, the New Zealand housing market has experienced substantial growth, prompting concerns regarding housing affordability and financial stability. To address these issues, the Reserve Bank of New Zealand (RBNZ) has implemented Loan-to-Value Ratio (LVR) restrictions as a measure to manage risks in the housing market. LVR restrictions are […]
Interest-Only vs Principal & Interest Home Loans in New Zealand
When exploring home loans in New Zealand, a crucial decision is choosing between an interest-only loan and a principal and interest home loan. Each option has its own benefits and challenges, and understanding these differences is essential for making the right choice for your financial future in the Kiwi property […]
Is an Interest Only Mortgage NZ the Right Choice for You?
Interest-only mortgages have become a popular option for homebuyers in New Zealand. This type of mortgage allows borrowers to pay solely the interest on the loan for a set period, typically five to ten years, before commencing repayment of the principal. This can be an attractive option for those seeking […]
Is an Interest Only Home Loan a Good Option in New Zealand for 2024?
Interest-only mortgages are a form of home loan in which the borrower is required to pay only the interest on the loan for a specified period, typically ranging from 5 to 10 years. During this time, the borrower does not repay any of the principal sum borrowed. Once the interest-only […]
What Are the Costs to Refinance Mortgage in New Zealand?
Refinancing is the process of replacing an existing mortgage with a new loan, typically to obtain more favourable interest rates, lower monthly payments, or to access the equity in one’s property. The procedure involves applying for a new loan, undergoing the underwriting process, and completing the new loan. It is […]
How to guide for house hunting in New Zealand
The New Zealand housing market has been a prominent issue in recent years, with escalating prices and a dearth of affordable housing. Comprehending the current state of the market is essential for prospective property buyers in New Zealand. The market is highly competitive, particularly in major cities such as Auckland […]
Interest Rates NZ Plummet: OCR Slashed to 5.25% – What This Means for Your Mortgage
BREAKING: OCR Slashed to 5.25% – First Cut in 4 Years! The Reserve Bank of New Zealand (RBNZ) has just made a game-changing move by lowering the Official Cash Rate (OCR) to 5.25%. This reduction is the first we’ve seen since March 2020, marking a significant shift in New Zealand’s […]
KiwiSaver First Home Buyer Guide: Using Your Savings for a Deposit
KiwiSaver is a voluntary savings programme in New Zealand designed to assist individuals in saving for their retirement. It is available to all New Zealand citizens, permanent residents, and individuals from other countries who are entitled to reside in New Zealand indefinitely. KiwiSaver is a long-term savings programme, and contributions […]