We've lived for a while now with the quiet rumblings of the Reserve Bank of New Zealand (RBNZ)wishing to introduce a new macro prudential policy of debt-to-income ratio (DTI) on the premise this is needed to ensure stability in our financial system. Lately those rumblings..
Read ArticleMany changes are occurring in our financial and real estate landscape. LOAN TO VALUE RATIOS (LVRs) As per my last blog on the proposed LVR rules, the LVR applicable across the whole of New Zealand for investors of residential property has now been set at..
Read ArticleFrom 1 September 2016 we are likely to see higher LVR rules being applied to investors who are borrowing to purchase residential investment property as per the Reserve Bank announcement today. Under the proposed new LVR restrictions, investors across New Zealand will be required to..
Read ArticleThis week we had a question from a client which prompted this blog. They said they wanted to fix their mortgage at the lowest possible rate and they asked me where I saw interest rates going. It was a good question and it got my..
Read ArticleThe general consensus of opinion is interest rates are on the way down but the big questions still remain: when will the cuts come and how low will the rates go? BACKGROUND On 10 September 2015 the Reserve Bank of New Zealand (RBNZ) cut the..
Read ArticleRecently there has been a lot happening on the economic and political fronts which may have the propensity to affect our property and borrowing decisions. In these times, it can be difficult to decide what a sensible course of action to take is. If..
Read ArticleBelow are my final seven financial tips. 1. Staying on top of the IRD This is my 29th year in business. Over that time, I've met many people and dealt with a myriad of issues. Here's one thing that's common amongst them all – no..
Read ArticleJust like cooking programs dominate our TV space, articles on property occupy our print media. Not that there's anything new in this. There's nothing so dear to Aucklanders' hearts as real estate and the desire to discuss and critique all things property. What is somewhat new,..
Read ArticleIt seems to me everyone is talking about interest rates at the moment. I've been catching snatches of conversation on trains, planes and restaurants. The topic has featured heavily on TV and in newspapers. Dinner with friends at my home on Saturday night was no..
Read ArticleExcellent accounting firm. Top of the game in NZ especially for Family Trusts and anything to do with Property. They generously donate presents to children's charities at Christmas. You don't go here for cheap stock accounting advice, you go here for the kind of advice that sets you up long term. - David Cranwell - February 2016
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