September passed quickly. And the biggest news in this month was the U.S. central bank cut the interest rate by more than expected.  US Federal Reserve cut 0.5% to a range of 4.75%-5% amid decelerating inflation and slightly softer labour market date. 

 

Prior to the US central bank’s r...

On 14th of Aug, the Reserve Bank reduced the OCR from 5.5% to 5.25%.  In response, the four main banks also reduced the home loan rates, currently home loan rate for 6 months has not changed significantly, banks have lowered home loan rates for other terms. Banks also reduced the test rate, so ...

In July, 4 main banks started to reduce the loan interest rates. Although the reduction is not substantial, but the frequency of cuts is increasing rapidly. That means the central bank may lower the OCR in November this year.

Also, NZ Government amended the CCCFA policy, Lenders will have more flexib...

Summary

The central bank and the government introduced several policies in May that will have a significant impact on the housing market.

The first one is the government's announcement to cancel the first home grant provided by Kainga Ora. This policy change may have a significant impact on many...

March is quickly coming to the end, I hope everyone will have a good rest during the easter holiday and stay safe. 

In March, ANZ, ASB and BNZ lowered their home loan rates.  This indicates the economy is slowing down under higher home loan rates. 

Few large companies also are restructu...

This online webinar was held by our financial adviser Paul Lin, and we invited Solicitor Valarie Lee as our guest speaker.

It is designed to help first home buyers, with useful information such as the process of purchasing a house, how to apply home loan, and...