The Government’s latest Budget introduced some major changes to KiwiSaver aimed at helping New Zealanders grow their retirement savings, while also reducing the fiscal cost of the scheme. With updates to contribution rates, government incentives, and eligibility rules, these adjustments will impact millions of New Zealanders saving for their future. Key Changes to KiwiSaver What […]
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 […]
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 […]
July OCR Announcement – 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 5.5 percent. According to the RBNZ announcement, ‘restrictive monetary policy has significantly reduced consumer price inflation, with the Committee expecting headline inflation to return to […]
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 […]
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. […]
