by Global Finance | Oct 16, 2024 | Blog
As interest rates begin to decline due to the recent 0.5% OCR drop, and with another 0.5% OCR reduction predicted for November 27th, many are asking the same question: What will happen to house prices and where will interest rates land? While there is a general belief...
by Global Finance | Sep 20, 2024 | Blog
The much-hyped tax cuts for 83% of New Zealanders over the age of 15 have come into effect. Whoop-de-do, I hear you say. And yes, for most of us you’d be right. Working-age New Zealanders will get an additional $16 a week on average. And that is not a lot to get...
by Global Finance | Sep 5, 2024 | Blog
The recent OCR reduction by the RBNZ, from 5.5% to 5.25%, has raised borrowers’ hopes for relief from high interest rates. These expectations are further bolstered by a drop in wholesale interest rates, known as SWAP rates. Many banks had already started...
by Global Finance | Aug 9, 2024 | Blog
If you’re wanting to reduce your mortgage interest rates to save yourself money, then refinancing a could be a very good strategic move. Mortgage Refinancing involves taking out a new home loan to pay off your existing one and there are many valid reasons for wanting...
by Global Finance | Jul 30, 2024 | Blog
The New Zealand banking landscape is abuzz with significant movements this July, bringing positive news regarding interest rates and inflation, though house sales and prices are less encouraging. Several major banks have announced notable drops in their interest...
by Global Finance | Jul 17, 2024 | Blog
As mortgage advisers, we frequently hear the question, “Can I get a mortgage while on maternity leave?”. Contrary to some misconceptions, the answer is yes, provided you meet certain criteria. And your chances of success can vary depending on factors such...
