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Posts by adviceHQ
127 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:
âž– DTI ratio restricted to 6 x for owner-occupier lending (20% exception).
âž– 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
20 hours ago

Poll: How should Guy Fawkes be celebrated?

The Team from Neighbourly.co.nz

While it is a fun occasion, fireworks on Guy Fawkes Night has caused much conflict over the years, upsetting our pets and disrupting the sleep of neighbours.

How should we celebrate Guy Fawkes Night? Vote in our poll and share your thoughts below.

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How should Guy Fawkes be celebrated?
  • 28% With a city-wide public fireworks display
    28% Complete
  • 21.3% Small fireworks displays in each community
    21.3% Complete
  • 7.5% Keep it as is
    7.5% Complete
  • 31.5% We shouldn't celebrate it!
    31.5% Complete
  • 11.2% Anything but fireworks
    11.2% Complete
  • 0.5% Other - I'll share below
    0.5% Complete
987 votes
9 hours ago

FREE Glaucoma NZ public symposium

Glaucoma NZ

Come along to the Glaucoma NZ ‘Love your eyes’ Symposium in North Auckland– a free event for the local community. Register to attend right now.

This is your chance to learn more about glaucoma from Ophthalmologist Mark Donaldson and Optometrist Germaine Joblin. Hear about the latest treatments and surgeries. And what you need to know about glaucoma tests and eye drops. Have a question about glaucoma? Get it answered during the event Q&A time.

Morning tea will follow question time. Feel free to bring a friend or family member. Save your seat by registering online now. Find out more

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9 hours ago

Winner winner!

The Team from Neighbourly.co.nz

Congratulations to the winners of our $100 Mitre10 vouchers:

Justine Terrill from Mount Albert

Suzette Gibson from Nelson

Soumya Manoj from Lower Hutt

Millie George from Richmond Hill

If you're a winner, get in touch here.

Not a winner this week? There's always next week!

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