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Interest Rate Outlook for September

Quiet housing market focuses on election.Suddenly, everyone is talking about politics and what a potential change of government might mean for the housing market. Sales activity continued to cool through July and August and prices are flat to slightly down in Auckland and its surrounds. Many are now waiting for the September 23 election result for certainty on housing policy, which is similar to what was seen in the market before the September 20, 2014 election result. A John-Key-led Nation...

September 2, 2017

How well do you know Kiwisaver?

KiwiSaver is only going to become more and more important as time marches on. For many of you it will soon become the second largest asset after your home.However, research tells us that many of us don’t fully understand KiwiSaver and that just under half of all KiwiSaver members are still invested in cash, default and conservative assets which may not be suitable for long term retirement savings.We've partnered with Generate KiwiSaver, a NZ owned and operated specialist. Generate have provide...

August 21, 2017

How good is your health cover?

Did you know that one in six New Zealand adults were diagnosed with a common mental disorder at some time in their lives? This is according to the 2012/13 New Zealand Health Survey and that women were around 1.6 times likely to have been diagnosed with a common mental disorder than men? Mental illness is real and we’re pleased to advise that one of our insurers is leading the way by including a new mental health benefit across their products. Insurance policies will now include psyc...

August 16, 2017

Pocket money for kids - yes or no?

One of the most important things we can do as parents is to teach our children the value of money and how to manage it wisely.  An easy way to do this is to introduce a Pocket Money reward system for kids that instills good habits, a work ethic, and personal responsibility. We get that there's no single, best way to approach pocket money and it's more about what suits your family and values. However if you are considering the option to start paying pocket money, here's a few tips ...

August 6, 2017

Get the best medical advice from specialists worldwide

One of the most important things when falling ill is to feel confident about a diagnosis, and to get definitive advice about the treatment that's best. Best Doctors' offers you and your family remote access to over 53,000 leading medical specialists worldwide. They have all been nominated by their peers as top experts in their field, and are there to help you. Best Doctors is designed to answer your clients' questions about a current health concern, or help them get a second opinion on a diagnos...

August 6, 2017

Don't let this sunny weather lead you into a false sense of security

The changing weather is a timely reminder to make sure your future home has good heating and insulation. Our handy Home Buyers Checklist has everything you need to consider - click here to visit our website and download your free copy today http://email.rocketspark.co.nz......

August 5, 2017

Sick of hearing about housing prices in Auckland?

Still want to buy a home but one you can afford? We like this article we found on Stuff this week. It sheds some light and optimism around other regions in little old NZ where housing is still affordable and increasing in value.  https://www.stuff.co.nz/business/95317448/qv-data-shows-house-price-growth-now-the-domain-of-small-towns...

August 2, 2017

Changing borrowing patterns for investors

New Reserve Bank figures show the amount borrowed by investors for house purchases in May dropped by $1 billion compared with the same month a year ago. Housing investors borrowed $1 billion less in May than they did in the same month a year ago, according to latest Reserve Bank figures. During May, investors borrowed $1.49 billion, compared with just under $2.49 billion in May 2016, which is a whopping 40% drop. Perhaps the 40% fall is somewhat symbolic, since 40% is the figure the Reserve Bank...

July 21, 2017

Sorry it's not that traumatic enough

New Zealanders are discovering the hard way that just because something is traumatic, it does not mean their trauma insurance policies will pay out. Trauma insurance is a type of cover that pays a lump sum when someone is diagnosed with a severe illness or suffers a serious accident. Each policy will have a different range of conditions it covers but it is usual for things such as heart attacks, serious cancer, stroke, injuries resulting in paralysis or blindness and burns to be included. It is ...

July 21, 2017

Interest Rate Outlook for June

Housing market cooling through winter House prices in Auckland have continued to edge lower as a winter chill has set in, and the cooling is spreading to surrounding larger cities. The effects of the Reserve Bank's 40 percent deposit rule for rental property investors is still rippling through the market after its introduction in the second half of last year. A slight rise in interest rates in late 2016 and a toughening of lending criteria by the big four banks has also dampened activity. ...

June 24, 2017

Interest Rate Outlook for May

Market Cools in Auckland as Winter Nears The Auckland housing market continued to cool slightly through March and April as the effects of tougher lending rules and higher fixed mortgage rates continued to affect sales volumes. Values in Auckland fell 0.4 percent in the three months to the end of April, QV reported, while Barfoot and Thompson reported volumes in Auckland fell to their lowest level for an April since 2008. But volumes and prices were healthier elsewhere as Auckland's halo ef...

May 18, 2017

Health cover for your little ones

We're excited to talk about a new health insurance policy designed for children in mind. This month Accuro (one of our panel of insurers), launched their new health insurance product Kidsmart. Their policy caters specifically for young people and their needs. Unlike most health insurance, cover can be set up without being attached to an adults policy. This means that parents, grandparents or guardians can gift their children, grandchildren or dependents without taking out cover for themselv...

April 7, 2017

How much insurance cover do you need?

Life insurance is about looking after what's important to you: your family, your health, your lifestyle and your future. Moving out of your home, buying a house or having children are significant moments in your life and your income helps make them happen. But what if you couldn't work? What if your family couldn't pay the mortgage without you? Insurance can take care of the 'what if's'. If helps to protect you and what you've worked hard for, as well as your future. So much cov...

March 2, 2017

Interest Outlook for March

The summer was cooler than usual in many parts of the country and that was the case in parts of the housing market too as last year's tougher LVR rules for landlords helped change the usual real estate weather patterns. The stratified median house price in Auckland fell 6% to 9% in seasonally adjusted terms in January from December and sales volumes were significantly down from a year ago. Just as the heat radiated from Auckland last year, that cooling is spreading out to the closest cities...

March 2, 2017

Interest Rate Outlook for November

The housing market and the Government's response to it remains in a holding pattern while everyone waits to see if the Reserve Bank's new lending restrictions have anything more than a temporary effect. The bank's first two rounds of Loan to Value Ratio Restrictions in November 2013 and November 2015 slowed the Auckland housing market for a matter of months each time, before it roared back to life in the following February-March sales seasons. The jury is out on whether this third round of...

October 28, 2016

Interest Rate Outlook for September

Housing and the RBNZ on hold in September. The mid-winter moves by the Reserve Bank and the banks to try to cool down the housing market appear to be having some effect, at least for now. Real Estate Institute figures for August showed a slight flattening in volumes and prices across the country as the Reserve Bank's mid-July announcement of a further tightening of Loan to Value Ratio restrictions took effect. The banks have also taken some heat out of the demand from rental property invest...

September 23, 2016

Interest Rate Outlook for August

Rates cut and LVRs restricted for Spring. The traditional re-awakening of the housing market over the spring and early summer will be anything but traditional this year. Housing markets have continued to run hot around much of the country throughout the winter, at least in terms of prices if not volumes. Real estate agents reported shortages of listings through July and early August as house price inflation hit annual rates of well over 20% and average numbers of days to sell kept falling. ...

August 21, 2016

Interest Rate Outlook for July

Rate cuts coming, but so are new LVR limits. Within the space of a few weeks in mid-July, the Reserve Bank was forced into an urgent introduction of a third round Loan to Value Ratio (LVRs) for rental property investors. A combination of pressure from a Government desperate to put out the fire in the housing market and a sharp rise in the currency forced the central bank to take action earlier than it wanted. As recently as July 7, Deputy Reserve Bank Governor Grant Spencer talked about ...

July 22, 2016

Being open on open homes

With recent changes to Health and Safety regulations across New Zealand, it has also meant that for the real estate industry, agents also need to consider their obligations with members of the public visiting open homes. An article in Stuff this week lifts the lid on the responsibility of the real estate industry in regards to open homes. Over the top or actually good practice? ...

June 24, 2016

6 days to go...

Don't miss out on your Kiwisaver Member Tax Credit. If you've put in at least $1042.83 between 1 July 2015 and 30 June 2016, you'll receive another $521.43 this year. For more information click here ...

June 24, 2016

Interest Rate Outlook - June

Rental property investors and the real estate industry should prepare for some turbulence later this year because the Reserve Bank is gearing up to tighten lending rules for landlords, possibly as early as November. The Reserve Bank finds itself between a rock and a house. It needs to cut interest rates to try to boost Consumer Price Index inflation from 0.4% currently to closer to the 2.0% mid-point of its 1-3% target range. But it knows that further falls in mortgage rates would just pour mo...

June 21, 2016

Your one stop shop

We received some fantastic feedback we wanted to share from one of our long term clients. Taking the hassle out of finding the best home loan and insurance solutions is one of our goals and it's great to see our customers finding benefit in using us as their one stop shop for all their financial needs. After all, that's what we're here for! "Hayden has been our advisor for over five years now. He started us off by sorting out our mortgage, saved some big $$$ in low equity fees as well as gett...

June 2, 2016

Interest Rate Outlook

The Reserve Bank signaled in May it is considering introducing a new British-style Debt-to-Income (DTI) limit on lending as it grapples with a resurgent housing market and the need to cut interest rates again without pouring more fuel on a hot market. Governor Graeme Wheeler and his deputy Grant Spencer told a news conference after the release of the Bank's half yearly Financial Stability Report (FSR) on May 11 that they were concerned enough about the revival of house price inflation in Auck...

June 2, 2016

Check out our Home Buyers Checklist!

We know from experience that buying a home can be daunting, especially in the current market where supply is low and demand is high. It can create unnecessary pressure to choose a home that may not tick all the boxes. To take the ease out of home buying, we've created a handy Home Buyers Checklist to help guide you through all the things you need to consider. We suggest taking this checklist along to your next open home(s). It will help you evaluate the neighbourhood and assess the availabil...

June 2, 2016

Time to turn back the clocks

We turn our clocks back on Saturday night so it's also a good time to change the batteries in your smoke detectors and ensure your house insurance cover is up to date. If you haven't already, please take some time to read the article about a Christhcurch family who lost their home. Such a devasting event to have happened, but at least the family are safe. It's a timely reminder of the importance of protecting the things most important to you. Remember, we're also specialists in general in...

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