OCR Cuts Accelerate – What This Means for You
vi"If economic conditions continue to evolve as projected, the Committee has scope to lower the OCR further through 2025."
The RBNZ's cut the OCR by 0.5% to 3.75% this week. But the big news is that further cuts would be bought forward. This shift has significant implications for homeowners, buyers, and investors.
🏡 Lower Mortgage Rates: reduced home loan rates sooner, easing repayment pressures.
📉 Lower Test Rates: banks adjusting their affordability tests, more buyers may qualify for lending and/or increased borrowing capacity.
📈 Flow-on Effects to the Property Market: improved affordability and greater access to finance could drive renewed activity in the housing market.
For homeowners, now is the time to review your mortgage structure to maximise savings. For buyers, opportunities may emerge sooner than expected.
At adviceHQ , we provide independent mortgage advice to help you navigate these changes. If you're looking to refinance, restructure, or explore new lending options, let’s talk.
#adviceHQ #OCR #RBNZ #MortgageRates #NZProperty #IndependentFinancialAdvice adviceHQ
Neighbourhood Challenge: Who Can Crack This One? ⛓️💥❔
What has a head but no brain?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
-
83.8% Same!
-
16.2% Would have liked to try something different
Loading…
