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Posts by adviceHQ
125 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
5 days ago

Poll: Is the increase in disability parking fines fair?

The Team from Neighbourly.co.nz

In October, the fine for parking in a designated mobility car park without a permit has jumped from $150 to $750—a 400% increase!

The goal is to keep these spaces open for those who truly need them. Do you think this big increase in the fine is fair? Share your thoughts below.

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Is the increase in disability parking fines fair?
  • 88.5% Yes, it's fair
    88.5% Complete
  • 10.8% No, it's unreasonable
    10.8% Complete
  • 0.7% Other - I'll share below
    0.7% Complete
3719 votes
38 minutes ago

Can You Handle Today’s Mind-Boggling Riddle?

Riddler from The Neighbourly Riddler

David's father has three sons: Snap, Crackle, and _____?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

Want to stop seeing riddles 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.

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G
1 day ago

The fabulous story of "THE NORMANS IN SICILY"

Giuseppe from Milford

Cari Amici (Dear Friends),

Please attend my year last speech regarding an unknown stupefying event that is a paradigm for today troubled world.

Please read the attached poster.

See you there.

Ciao,
Giuseppe Gallina

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