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 […]

Understanding the Changes to Debt to Income Ratios A debt to income (DTI) ratio is a metric used by lenders to assess a borrower’s ability to manage monthly debt payments and repay a mortgage. It is commonly used in many overseas markets, but it a new metric in New Zealand. The DTI is calculated by […]

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 […]

Threefold provides financial literacy education and tailored financial advice to companies that are looking to support their employees to achieve financial success.

Refinancing Considerations “If you fail to plan, you are planning to fail!” Picture this: you’re lounging on your deck soaking in those last few rays of autumnal sunshine, sipping a freshly brewed coffee and secure in the knowing that your mortgage is working for you, not against you. However, with many Kiwi’s mortgages coming up […]