Fixed mortgage interest rate coming to an end? Time for proper advice.
Interest rates rose as the Reserve Bank seeks to control inflation, although they have stayed steady in 2024 with the current OCR sitting at 5.50%. Is your fixed mortgage interest rate coming to an end? Time for proper advice. According to the latest OneRoof-Valocity figures NZ’s average property value hit bottom in June 2023, falling […]
Open banking is finally on its way
For many years it’s been a common complaint that banks in New Zealand, wield far too much power over their customers, and actively stand in the way of authentic competition. At a time when inflation is rearing its ugly head, household budgets are being stretched more than ever. This has forced the government to look […]
Is 2024 The Time To Get Into Property Investment?
Learn first hand the benefits of property investment from two of the Properli team members who have been there and done it. Meet Sanjeewa (Sanj) Silva, Properli Partnerships Manager. Sanj has an extensive background in the finance industry, having worked at a high level with banks and sporting organisations. A successful property investor himself, Sanj […]
How much money do I need for a comfortable retirement?
Life has a funny habit of speeding up once you get through your forties and fifties, and before you know it, 65 and retirement can be staring you in the face – with all the exciting possibilities it represents, once you’re freed from the shackles of work. However, if you haven’t done some pretty thorough […]
Overseas buyers keen to buy residential property in NZ
New Zealand Real Estate agents are noticing a rise in interest from overseas buyers keen to buy residential property in NZ, after the announcement of National’s tax policy. These tax changes will remove restrictions on overseas buyers, while imposing a 15% tax on residential property purchases. In 2018, the Labour government brought in the Overseas […]
Five Tips to Navigating Money in New Relationships
Now, more than ever, we need to be on the same page as each other in a relationship – especially if we’re in a new relationship. Here is Five Tips to Navigating Money in New Relationships. Times are turbulent and there’s a great deal of uncertainty in the air. Interest rates are high and so […]
Investment Property and Getting a Mortgage in NZ
Investment property is a great way to generate passive income and build wealth over time. However, buying an investment property and getting a mortgage in NZ requires a significant amount of upfront capital (sometimes up to 40% or more), as well as a good understanding of the mortgage and local property market. In this article, […]
Refinance your Mortgage
Now could be a great time to refinance your loan with a different bank or speaking to your Financial Advisor about negotiating a better rate with your current bank. Refinancing is an important financial decision that can have a significant impact on your overall financial situation. First up, here is everything to you should know […]
What is a Mortgage?
What is a Mortgage? A mortgage is a loan from a lender to help you complete the purchase of a property. The lender will use the property as an asset for security. You get charged for this home loan through an interest rate. Mortgages are a topic smothering headlines across the world and in NZ […]
Manage your Mortgage, not the other way around.
We always say, do what works best for your goals, needs, and situation. These tips to manage your mortgage, properly will give you ideas to save money, help give you cash in hand while paying down your mortgage. 1. Lower the interest rate if possible If you have the capacity to get a lower rate, […]