OCR Drop Ahead: What This Means for NZ Mortgages in 2025
Summary The Reserve Bank is expected to reduce the Official Cash Rate (OCR) from 4.25% to 3.75% in February 2025, continuing a downward trend towards a neutral rate of 3% by mid-year. This shift is influencing bank lending rates, with some three-year mortgage rates already falling below 5%. International developments, […]
New Zealand’s Mortgage Market Outlook 2025: A Comprehensive Analysis
Summary The New Zealand housing market is projected to experience significant growth in 2025, with the Reserve Bank forecasting a median 7.06% increase in property values. Major banks offer varying predictions, from ASB’s bullish 10.90% to ANZ’s more conservative 6.00%. Despite the OCR holding at 5.5% with mortgage rates between […]
Property Improvements That Add Value During NZ Refinancing
Understanding Value-Adding Improvements in 2025 When considering a cash-out refinance in New Zealand, strategic property improvements can significantly increase your home’s value and potentially qualify you for better lending terms. However, not all improvements offer the same return on investment (ROI), and it’s crucial to understand which upgrades will maximize […]
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 […]