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. […]
By now your Annual Member Statement for the year ended 31 March 2024 should be available in your KiwiSaver log in. It is worthwhile taking the time to review your contributions, your retirement goal & the performance of your fund. At Threefold, we often recommend KiwiSaver fund managers Generate and Milford, as we believe they […]
Why the Real Estate Market is Ripe for Savvy Buyers New Zealand’s real estate market is at a crossroads, and the question on everyone’s mind is whether now is the right time to buy… The answer, as it often is with real estate, is nuanced and not straightforward. However, there are lots of signs that […]
Navigating the Market: Key Strategies for Property Investors In today’s fluctuating property market, many investors find themselves facing negative cash flow, leading to a growing consideration of selling their properties. With changes to the bright-line property test coming into force on July 01, meaning that the test will now only be applied if property investors […]
FMA Calls on Kiwis To Check Their KiwiSaver Accounts In a campaign announced on June 25, the Financial Markets Authority (FMA) and the Retirement Commission called on KiwiSaver members to actively review their annual statements to see if they are on track for their retirement savings goals. With individual KiwiSaver member statements being sent out […]
Case study: What to do when the bank says ‘No’… The situation… Bank declines couple’s request to continue paying interest-only on a portion of their lending, as they had reached the maximum interest-only period. With the couple facing a significant rise in mortgage repayments after interest rate hikes over the previous 5-years, Threefold helps the […]
Helping Your Children Buy Their First Home The New Zealand property market has seen significant changes recently. While property prices have been high, recent data suggests a potential cooling in some areas, which coupled with an expectation that interest rates will fall over the next twelve months, provides opportunities for first-time buyers. Despite interest […]
June: Regulatory Update Navigating the intricacies of New Zealand’s property tax laws can be challenging, especially with the upcoming changes to the bright-line property rule and rental income tax deductibility that will come into force from July 1. These regulations significantly impact property owners and investors, and understanding the nuances is crucial for effective financial planning. […]
What You need to know… Today the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee announced that the Official Cash Rate (OCR) would remain at 5.50 percent with ongoing restrictive monetary policy settings still necessary to reduce inflation. Alongside many economic commentators, we are hopeful that as the current government takes action to rein […]
