New rules for landlords
June 18, 2024
Better terms for investors
Important Update on Tenancy Legislation Changes New legislation heading to Parliament this month will bring significant changes for landlords and tenants: Reintroduction of 90-Day "No Cause" Terminations: Landlords will be allowed to end periodic tenancies without providing ...
How to lessen the shock of changing interest rates
Many homeowners are grappling with the burden of high interest rates on their mortgages and while it may seem daunting, there are proactive steps you can take to manage this financial challenge effectively. Strategies for managing high interest rates on your mortgage:&n...
Some banks will lend you more - don't miss out
June 17, 2024
Did you know that some banks are willing to lend you more than others?
When it comes to home loans, not all banks view your position the same.They all view and assess your application in different ways.Things like self-employed income, bonuses or rental income may be treated differently which can affect the amount you can borrow.These tools and...
Don't just let your loan rollover
June 17, 2024
Loan renewal - what should I do?
5 big reasons why you need to stop, think and talk to your adviser.New Zealanders and our cousins in Australia are unique. We absolutely love property! We dream big! Upsizing the family home, buying the perfect beach cottage or starting the property investment portfolio is a...
When to apply for a pre-approval
Navigating Bank Turnaround Times in New Zealand Property MarketIn recent times, prospective homebuyers in New Zealand have encountered delays in bank decision-making processes, affecting the timeliness of mortgage approvals and transactions. These delays have been influenced...
Help for First Home Buyers
June 16, 2024
More money available for first home buyers
Boost for First Home Buyers: Increased Support for Low Deposit PurchasesIn a positive development for aspiring homeowners across New Zealand, the government has announced an expansion in support for first home buyers seeking mortgages with less than a 20% deposit. Currently,...
Less deposit needed to buy an existing house
New Zealand Adjusts LVR Requirements: Implications for Property InvestorsIn a move aimed at balancing market dynamics and stimulating investment activity, New Zealand's Reserve Bank has announced changes to Loan-to-Value Ratio (LVR) requirements for property investors. Effec...
Bright Line Test Changes
June 16, 2024
Tax on property sales
Brightline Test Reduction: What It Means for Property InvestorsIn a move aimed at stimulating the property market and addressing housing affordability concerns, New Zealand has announced a reduction in the Brightline Test period from 5 years back to 2 years, effective from 1...
Removal of First Home Buyers Grant
June 16, 2024
Savings for a deposit
Impact of the Removal of First Home Buyer Grants in New ZealandIn a move that has sparked debates across the housing market and among prospective homeowners, New Zealand has decided to remove First Home Buyer (FHB) grants. These grants, which were aimed at helping first-time...
Debt to Income Ratios introduced
June 16, 2024
Reserve Bank Introduces Debt-to-Income Ratios: What It Means for Borrowers
In a significant move aimed at stabilizing the housing market and managing financial risks, the Reserve Bank of New Zealand has announced the introduction of Debt-to-Income (DTI) ratios for mortgage lending. This new policy sets limits on how much individuals can borrow base...
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