OCR cut to 3.50% & Property Market Holding Steady 🏡
The Reserve Bank of New Zealand (RBNZ) delivered its latest OCR cut today of 25 basis points sliding it down to 3.50%. This update was accompanied with a Monetary Policy Review (not the more detailed Statement due on May 28). A further cut in May remains expected, but beyond that, future decisions will depend heavily […]
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 […]
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 […]
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 […]
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, […]