Back
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:
➖ 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

Image
More messages from your neighbours
1 day 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.

Image
How should Guy Fawkes be celebrated?
  • 27.9% With a city-wide public fireworks display
    27.9% Complete
  • 20.5% Small fireworks displays in each community
    20.5% Complete
  • 7.7% Keep it as is
    7.7% Complete
  • 32.7% We shouldn't celebrate it!
    32.7% Complete
  • 10.8% Anything but fireworks
    10.8% Complete
  • 0.4% Other - I'll share below
    0.4% Complete
1637 votes
16 hours ago

Solve This Riddle or Be Left Scratching Your Head!

Riddler from The Neighbourly Riddler

With pointed fangs, I sit and wait;
with piercing force, I crunch out fate.
I grab victims, proclaiming might,
and physically join with a single bite.
What am I?

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.

Image
D
20 hours ago

Orewa/Millwater Rental

Denise from Northcote

Looking for a 2/3 bedroom rental with 2 bathrooms and parking. Looking to move in asap if suitable. Please PM me if you have something available, thanks!