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
Time to Tickle Your Thinker 🧠 —Try These Riddles! 🤯
I am a number that’s greater than four squared but less than five squared; I am odd, and the sum of my digits is 10—what am I?
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.
Poll: Would a new supermarket help NZ?
Nicola Willis will this weekend announce decisions taken by Cabinet to incentivise and encourage a third supermarket player alongside FoodStuffs and Progressive (Woolworths).
Do you think having a third supermarket chain will bring competition and lower grocery prices, or will the existing giants still dominate?
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62.3% Yes, it will help
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35.2% No, I doubt it'll make a difference
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2.5% Depends - I'll share below
What's one highway or road that needs attention?
We've all been on a summer roadie and experienced first-hand the state of our roads.
If you've ever been stuck in a summer traffic jam, had near-misses on dangerous turns or feared for your life on clifftops (while the car behind you is tail-gating!) - you may have an opinion on this one.
Tell us what main road or highway you think needs some serious attention across the country, and why!
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