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 […]
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 […]