More Good News For Homeowners RBNZ October OCR announcement: What you need to know: Today’s announcement from the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee that the Official Cash Rate (OCR) will be reduced to 4.75 percent brings fresh momentum to the property market. This decision to cut the OCR by 50 basis […]

Last reviewed September 30, 2024 Following the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) last month, we have seen a slow, but steady, decline in interest rates.  Across the main banks, six-month rates are hovering around the high sixes (6.79 – 6.85 percent), while one-year rates are sitting at 6.19 […]

With interest rates fluctuating, many homeowners who fixed their mortgage rates over the last 12-18-months are now wondering if they should break their current loan. If you’re on a fixed rate like 6.99% and see that the new one-year rate is 6.19%, it’s tempting to ask: Is it worth breaking my fixed home loan early? […]

As spring approaches, it’s not just your home that might need a refresh—your finances might need one too! Just like tidying up a room, getting your financial house in order can make a big difference in your peace of mind. Here are some simple steps to get started, and we’re here to guide you along […]

Buying a home is a big step, and knowing how much you can borrow is essential to planning your homeownership journey. While it might seem like a purely financial decision, there are many factors—like market trends and new rules—that can impact how much a bank is willing to lend. Understanding these factors can make it […]

On August 14, the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 0.25 percent to 5.5 percent. It was the first time the OCR had been cut since March 2020 With the RBNZ acknowledging that inflation now seems to be largely under control, the market and most economists are pricing […]

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 […]

In it’s August review, the Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee announced that the Official Cash Rate (OCR) would be cut to 5.25 percent. According to the RBNZ announcement, the Monetary Policy Committee noted “that the weakening in domestic economic activity observed in the July Monetary Policy Review has become more pronounced […]

Insights Update: What’s Happening to Interest Rates? The consensus among market analysts and economists is that the Reserve Bank of New Zealand Official Cash Rate (OCR) will drop no later than November of this year, with a significant chance of an earlier reduction. Current market pricing indicates a 100% chance of an OCR cut by […]