If you’ve ever chosen a KiwiSaver fund based on your age or how far off retirement or purchasing your first home you are, you’ve made a sound first decision. Growth funds through your accumulating years, moving toward balanced and conservative as you near key milestones: that guidance holds true and remains the right starting point. […]
Why Being Underinsured Can Be More Expensive in the Long Run When it comes to personal insurance, many New Zealanders either don’t have enough cover or don’t have any at all. It’s a common belief that insurance is an unnecessary expense – until the unexpected happens. The reality is that being underinsured can end up […]
The latest Morningstar KiwiSaver Survey for Q4 2024 has confirmed what we expected – 2024 was a stellar year for KiwiSaver investors. KiwiSaver assets increased, ending the quarter at NZD 121.9b, up around $24b for the year. Growth funds delivered an average return of 15% after fees, with aggressive funds performing even better. However, the […]
Mothers always seem to know best. Whether it’s how to fold fitted sheets (still a mystery to some of us) or the perfect way to make a cuppa, their wisdom is often timeless. When it comes to managing money and building good savings habits, the advice from our mums can be surprisingly on point, which […]
Making Property Investment Work for You Investing in property is often seen as a game for the wealthy, but it doesn’t have to be. With interest rates trending down and a stable property market, now is a great time to consider unlocking equity in your existing property and investing in your future. In New Zealand’s […]
With housing stock levels up and interest rates falling, now just might be the time to take that leap and get yourself onto the property ladder. Buying your first home is an exciting milestone but navigating the mortgage process can be complex. To ensure you make informed decisions, it’s essential to understand common pitfalls and, […]
Updated 4 December 2024 The Reserve Bank of New Zealand (RBNZ) on 27 November reduced the Official Cash Rate (OCR) by 50 basis points, bringing it down to 4.25 percent. Economists and market commentators suggest that this significant cut reflects the central bank’s strong commitment to stimulating the economy amidst ongoing challenges. With the drop […]
Applying for a mortgage can feel overwhelming, but with a bit of planning and preparation, you can present a strong case to lenders. A “perfect” loan application demonstrates not only your income but also responsible financial management and the ability to meet repayments comfortably. Whether you are applying for a mortgage for your first home, […]
Updated: October 23, 2024 Following the Reserve Bank of New Zealand’s announcement that it had dropped the OCR by 50-basis points to 4.75 percent on October 9, we have seen all the main banks drop their rates. ANZ led the way by dropping it’s one-year rate to 5.59 percent, with ASB and BNZ following suit. […]
Following the Reserve Bank of New Zealand’s announcement that it had dropped the OCR by 50-basis points to 4.75 percent on October 9, we have seen all the main banks drop their rates. ANZ led the way last week by dropping it’s one-year rate to 5.59 percent, and this week we have seen ASB and […]
