OCR unchanged – but mortgage rates may rise
Posted: Sep 25th, 2019In: Real NewsThis time, the Reserve Bank didn’t take economists by surprise as it announced that the official cash rate (OCR) would remain unchanged at 1 per cent. To quote ASB chief economist Nick Tuffley, a lower[...]
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What does affordable look like in New Zealand?
Posted: Sep 20th, 2019In: Real NewsAffordability – Over the past few years, this has been the buzzword in the New Zealand’s property market. But what does “affordable housing” mean, and how do we create the conditions for it to happen? The recent KiwiBuild[...]
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Are your clients ‘setting and forgetting’ their mortgage?
Posted: Sep 13th, 2019In: Lending NewsAfter an eventful winter season, spring looks set to bring more changes to the property and lending landscapes on both sides of the Tasman. Here’s our breakdown of the key things to know, and some[...]
Read More about Are your clients ‘setting and forgetting’ their mortgage?First-home buyers found nearly one billion reasons to use KiwiSaver
Posted: Sep 13th, 2019In: Real NewsSenior journalist David Hargreaves has recently published a compelling analysis, comparing mortgage stats and KiwiSaver withdrawal data. According to the IRD, KiwiSaver first-home withdrawals have almost doubled since 2016 – from $494 million to the[...]
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The power of $10
Posted: Sep 5th, 2019In: Mortgage TipsBecoming mortgage-free is a significant life goal for many New Zealanders – and rightly so. With about 40 percent of new borrowers borrowing over five times their annual incomes, your home loan payments are probably[...]
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Mistakes that can stop you getting a mortgage
Posted: Sep 5th, 2019In: Mortgage TipsApplying for a first mortgage can be an exciting and stressful time. For most people, it’s the biggest debt they’ve ever had. If you, or someone you know, is about to go through this, here[...]
Read More about Mistakes that can stop you getting a mortgageA little potential boost for the housing market
Posted: Sep 5th, 2019In: Real NewsThis week brought more good news for borrowers, with some New Zealand banks recently cutting their mortgage servicing rates from between 0.5% to 0.8%. This means that actual servicing rates are now more aligned with[...]
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