Posts by adviceHQ
597 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
13 hours ago

Brain Teaser of the Day 🧠✨ Can You Solve It? 🤔💬

The Riddler from The Neighbourly Riddler

Make a hearty dish. Take just half a minute. Add four parts of kestrel. Then just add one. What have you made?

(Trev from Silverdale kindly provided this head-scratcher ... thanks, Trev!)

Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!

Want to stop seeing these in your newsfeed? No worries! Simply head here and click once on the Following button.

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7 days ago

Poll: Should the government levy industries that contribute to financial hardship?

The Team from Neighbourly.co.nz

As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙

One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.

So we want to hear what you think:
Should the government ask these industries to contribute?

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Should the government levy industries that contribute to financial hardship?
  • 59.5% Yes, supporting people is important!
    59.5% Complete
  • 26% No, individuals should take responsibility
    26% Complete
  • 14.4% ... It is complicated
    14.4% Complete
1156 votes
13 hours ago

Nominations are officially open for the 2026 Westfield Local Heroes program

Westfield Local Hero

Know someone in your community who is driving positive change?
Westfield is inviting you to nominate your local hero online.

The successful hero for each New Zealand Westfield destination will be awarded a $20,000 grant for the organisation or group they represent, and each finalist will receive a $5,000 grant for their organisation or group.

Find out more about the program and nominate your Local Hero now Find out more

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