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 […]
Navigating the First Home Buyers NZ: Deposit in 2024
The housing market in New Zealand has been a significant concern in recent years, with rapidly increasing prices creating substantial barriers for first home buyers NZ. Several factors have contributed to this surge in demand, including population growth, low interest rates, and a limited housing supply. Consequently, average house prices […]
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 […]
Strategies to pay off mortgage faster
When you first take on a mortgage, it can feel like you are binding yourself to a lifelong commitment. But you can cut your debt expense sooner than you think. There just has to be some careful planning to achieve a fast repayment. Don’t worry though, the strategies we are going to propose are easy to execute. […]
The Advantage of Low Interest Rates
Fertile Fields in a Mortgage Landscape It’s been hard to miss all the current stories and discussion in the media about the record low-interest rates globally and in New Zealand. Unless you’ve been living off the grid in the mountains, on a space shuttle to Mars or in the middle […]