The Importance of Reviewing Your Home Loan Amid Changing Interest Rates
Interest rates are a fundamental aspect of the financial landscape, influencing not only the cost of borrowing but also the broader economy. When interest rates fluctuate, they can significantly affect home loans, which are often the largest financial commitment individuals make in their lifetimes. A rise in interest rates typically […]
How to Secure a Low Deposit Home Loan in Auckland: Tips and Options
Low deposit home loans have emerged as a viable option for many prospective homeowners, particularly in markets where property prices have soared beyond the reach of average earners. These loans allow individuals to purchase a home with a deposit that is significantly lower than the traditional 20% of the property’s […]
Reserve Bank 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 […]
RECENT UPDATES ON OCR: A NEW SET OF CHALLENGES FOR THE FIRST HOME BUYERS
After CCCFA, another knock-back to the first home buyers is the overnight hike in the OCR (Official Cash Rate). The Reserve Bank of New Zealand increased the cash rate to 1.5% to support maximum sustainable employment and achieve price stability. You might wonder about the connection between increased OCR and […]
Impact of CCCFA law on New Zealand Market
HOW THE NEW LENDING LAWS CAN PROVE DIFFICULT FOR BORROWERS? A CLOSE STUDY Do you know what was baking in New Zealand Market last December? Nope, it’s not only the Christmas cake rather the new CCCFA law. Yes, you read it right. The amendments in the CCCFA legislation have thrown […]
Ashley Church: How the Govts housing changes could impact you
If you’re a property investor – the Government’s announcement of a suite of measures to address the housing crisis is something of a non-event – for now. There’s nothing in the announcements that will immediately benefit you – nor are there any changes that should cause you too much difficulty […]
Ashley Church: Housing Market Predictions for 2022
Housing Market Predictions(2022) by Ashley Church Sometime around 546 BC, King Croesus of Lydia, an enormously wealthy country within what is now modern-day Turkey, consulted the Delphic Oracles to decide whether or not he should go to war against the Medo-Persians who were growing in power and stature in the […]