RBNZ puts foot on the gas and cuts OCR to 4.75%
Today the OCR dropped by 50 basis points to 4.75%, signalling an optimistic economic outlook for many Kiwis which could boost consumer confidence and encourage more buyers back into the property market. Read full update here. Anecdotal evidence has pointed to a pick-up in activity over recent weeks, and Barfoot and Thompson’s Auckland auction clearance rate […]
Rentvesting – A Home Buying Strategy
Rentvesting is a home buying strategy, which is changing the landscape of home ownership for first home buyers. With housing affordability and interest rates high in recent years, many hopeful home buyers have found themselves priced out of the locations they want to live in. A further setback to some first home buyers was the […]
đź“ŤYou are here on the Property Cycle
Discover the power of falling interest rates and how they impact the Property Cycle. Lower interest rates can open doors for property buyers and create favourable conditions for property investment. What does this mean for you? First up, what is the Property Cycle and what is it used for? The diagram above is called the […]
RBNZ OCR Announcement
Like hearing the starting gun for the Olympic Games 100m final, NZ’s major banks were quick out of the blocks lowering mortgage interest rates in response to today’s RBNZ OCR Announcement. In the first cut since March 2020, the RBNZ OCR announcement cut by 25 basis points moving it from 5.50% to 5.25% – a […]
Leverage your current home equity to buy an investment property
Every cloud has a silver lining – even in a soggy market. Many homeowners can use the current economic conditions to their advantage, when advised properly. Understand how you can leverage your current home equity to buy an investment property today. The negative effects of the current cost-of-living crisis and plight of homeowners who bought […]
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 […]