This month’s announcement by the Reserve Bank that the Official Cash Rate (OCR) will be held at 5.5% was unsurprising and continues to offer some stability for the local market. However, with average mortgage rates having more than doubled over the past two-years, many New Zealand households are feeling the pinch.    March 31st signals the […]

Interest Deductibility Changes   The Government recently announced that it will restore deductibility for mortgage interest on residential investment properties. From the beginning of this month (April 01), landlords will be able to deduct 80 percent of their interest expenses, with this increasing to 100 percent from 1 April 2025.   If you are a landlord with […]

As we approach the holiday season, the festive spirit often makes managing finances challenging, especially in the current climate of high living costs and mortgage rates. Balancing the joy of giving and celebrating with the practicality of budgeting can seem daunting. However, you can navigate this period without compromising your financial health with strategic planning […]

In a move forecasted by economists, the Reserve Bank of New Zealand (RBNZ) keeps the Official Cash Rate (OCR) stationary at 5.5% in the final review before a pivotal national election. This decision marks the third instance of maintaining a stable OCR following an 18-month sequence of rate hikes, solidifying a cautious and deliberate approach […]

Welcome to the digital jungle—a place where convenience reigns supreme, but lurking cyber-predators are just a click away from plundering your personal data. Think you’re too savvy to get scammed? Think again! From ultra-smooth phone con artists to sneaky email imposters, these modern-day highwaymen are out to get you. But fear not, intrepid web user! […]

In light of the Reserve Bank of New Zealand’s (RBNZ) recent announcement to hold the official cash rate (OCR) at 5.5%, we’d like to provide you with our analysis, blending Threefold’s insights with the prevailing economic landscape. 1.  The Status Quo Maintained: As predicted in our prior review, the RBNZ has decided to maintain the OCR at 5.5%. This […]

Published 10 August 2023 As we approach next Wednesday’s upcoming Reserve Bank’s official cash rate (OCR) review, all eyes will be looking to market experts and financial analysts who have been pondering the likely decisions and the impacts they may have on mortgage rates, inflation, and the housing market. Here’s a Threefold view of the […]

Thinking of selling your home and want to maximise its resale value? Renovating your property strategically can make a significant difference in attracting potential buyers and securing a higher sale price. While the process might seem overwhelming, especially if you’re new to this, fear not! In this blog article, we’ll guide you through the essential […]

As the days grow longer and the flowers begin to bloom, New Zealanders can feel the essence of spring bringing freshness and renewal to our beautiful country. With the changing seasons, it’s the perfect time to give your home and your finances a well-deserved boost after the winter months. Spring offers a golden opportunity to […]