Posts by adviceHQ
145 days ago

Property / Finance Changes from 1 July 2024

Financial Adviser, Director from adviceHQ

🎤 July 1 brings a raft of changes to the finance and property market:

Bright-line Test:
✅ Now 2yrs (previously up to 10yrs).


Deposit Requirements:
✅ 30% deposit for investment properties (previously 35%).
✅ 20% lending available for low deposit properties (previously 15%).

Debt-to-Income (DTI) Ratios:
➖ DTI ratio restricted to 6 x for owner-occupier lending (20% exception).
➖ DTI ratio restricted to 7 x for investor lending (20% exception).

Credit Contracts and Consumer Finance Act (CCCFA) Reforms:
✅ Commerce Minister Andrew Bayly and Housing Minister Chris Bishop said the government is revoking 11 pages of what it calls "overly prescriptive affordability regulations."

These changes should stimulate activity in the finance and property market, contact adviceHQ for independent financial advice to help you secure your future.

#adviceHQ #DTI #LVR #CCCFA

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More messages from your neighbours
1 day ago

Poll: Should all neighbours have to contribute to improvements?

The Team from Neighbourly.co.nz

An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.

When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?

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Should all neighbours have to contribute to improvements?
  • 83.1% Yes
    83.1% Complete
  • 14.6% No
    14.6% Complete
  • 2.3% Other - I'll share below
    2.3% Complete
961 votes
5 days ago

Poll: When should the tree go up? 🎄

The Team from Neighbourly.co.nz

From what we've heard, some Christmas trees are already being assembled and decorated.

What are your thoughts on the best time to get your Christmas tree up?

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When should the tree go up? 🎄
  • 4.7% Second half of November
    4.7% Complete
  • 43.5% 1st December
    43.5% Complete
  • 17.2% A week before Christmas
    17.2% Complete
  • 33.5% Whenever you wish
    33.5% Complete
  • 1.1% Other - I'll share below
    1.1% Complete
2228 votes
2 hours ago

ENGLISH CONVERSATION GROUP 😁 Mairangi Bay Presbyterian Church, 8-10 Penzance Road, Mairangi Bay

Helen from Totara Vale

Join us for a fun filled afternoon of learning & practising your English skills. Every Wednesday our church runs a English Conversation Group 1pm - 2.30pm. No skill level required to attend. 👍Everybody welcome! Stewart is the host & makes learning fun. Easy parking 🚗🚙outside the door. A gold coin donation appreciated, but not necessary to go towards the cost of running the classes. Pencil us in your diary....hope to see you there! Cheers Helen 😄

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