Official cash rate, dovish, rate cuts, inflation. Cut to the chase please – what does this mean for me and my family? The Reserve Bank recently reviewed New Zealand’s official cash rate and decided to hold it steady at 5.5% with hints towards small rate cuts being expected as soon as the end of this year meaning we’ll start to see interest rates (thankfully) decreasing.
The current property market is looking quite bleak around the entire country. There is a more supply than demand currently, meaning that it’s a buyers market. This can be great if you’re thinking of purchasing a new house, but there may be some things that could trip you up when it comes to selling your own. In this article, we’ll discuss what the selling process involves, what the buying process involves and a top tip from our Founder and Mortgage Broker, Jeff, that might just save you from a very costly mistake and help you navigate this significant transition smoothly. Let’s get into it!
There are two main options when it comes to work within New Zealand; to work as an employee, or to work as a contractor. Each path offers a unique set of benefits and challenges that you may not have considered before. If you’re thinking of making a career change, are just entering into the workforce, or are thinking of buying a house and are wondering what sort of implications your work status may have on your lending ability, then keep reading.
If you’re wanting your new home or investment property to be easily maintained, central, and relatively affordable for a new build, you may be considering a townhouse or apartment. But what are the major differences between the two and how do I weigh these against each other to make an educated decision? In this article we’ll go through the pros and cons of owning a townhouse or apartment and how to align this purchase with your future goals – whatever they may be!
In today's fast-paced, hard-working world, the concept of passive income and how to obtain it is becoming increasingly popular. Who wouldn't want to earn money while sleeping, traveling, or spending time with loved ones? Passive income streams offer a way to build wealth without constantly trading time for money. For those of you who are thinking – “why don’t I just manage this property myself? It’ll save me money as opposed to working with a property manager, and it sounds relatively straightforward” approach with caution - there can be many hidden risks that you’ll uncover along the way, which may cost you thousands.
When you’ve just acquired an investment property, there are a couple of decisions you need to make. One is whether or not you’re going to go with a property manager or whether you’ll manage this yourself. For those of you who are thinking – “why don’t I just manage this property myself? It’ll save me money as opposed to working with a property manager, and it sounds relatively straightforward” approach with caution - there can be many hidden risks that you’ll uncover along the way, which may cost you thousands.
In this article, we’re going to break down our top 9 straightforward, easy to implement strategies that can boost your chances in the competitive world of property tenders.
The finance and property world can be a daunting one when you’re first starting out – it seems like you’re never able to just dip your toes in – you instead have to dive headfirst and immerse yourself in more lingo and jargon than you thought was humanly possible. Even the words you thought you knew the meaning of are beginning to sound strange when used in a new context, bottom line, it’s all a bit overwhelming!
The Reserve Bank is looking to revamp its rules for retail bank mortgage lending and plans to bring in debt to income ratio (DTI) restrictions mid-way through 2024. But what is debt to income ratio, and how can it affect me as a first home buyer, homeowner or property investor?
Jacque and Jeff Elias from Futurebound, a Mortgage Advisory company which specialises in helping New Zealanders get a mortgage, grow their wealth, and become financially free has won an Award at the 2023 Business xCellence Awards.
