ใฝ๏ธ In times of heightened uncertainty, it's crucial to adapt. Here are some key takeaways following the 9 April OCR announcement:โญ๏ธ Fixed Mortgage Rates: Opting for medium to long-term fixed mortgage rates can provide stability by eliminating volatility in cash flows...
January 2025 Market Update๐ฆ
January 6, 2025
Interest Rate TrendThe Reserve Bank of New Zealand (RBNZ) in November 24 reduced the Official Cash Rate (OCR) by 0.50%, bringing it down to 4.25%. This reduction is part of a series of cuts aimed at stabilizing the economy. As a result, mortgage rates have also decreased, wi...
The New Zealand Government is amending the Residential Tenancies Act to attract landlords back to the rental market by:Re-introducing 90-day 'no cause' evictions for periodic tenancies.Adjusting landlords' notice periods to 42-days under specific conditions and tenants' noti...
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