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Posts by SK Financial Group - Mortgage & Insurance
458 days ago

What's next?

Financial Adviser from SK Financial Group - Mortgage & Insurance

OCR kept at 5.50%, two in a row with no change in the OCR.

Current monetary policy working as expected to clampdown the domestic spending therefore tracking well to counter the inflation.

Members of the MPC has mentioned:

"The risks around the lagged effect of previous monetary tightening on households and businesses. The average mortgage rate on outstanding loans is expected to rise from around 5% to near 6% by early 2024, and debt servicing costs as a share of income are still increasing."

Reserve bank has no intention to move on OCR rates, as they are working towards bringing the consumer price inflation between 1% - 3% in the second half of 2024.

Some of the economists are still predicting another rise later this year on the OCR, which could be the max.

Interesting times ahead, with election and CPI update in the next three months, which will give some more clarity.

As reserve bank does their OCR review, it is worthwhile reviewing your mortgage, spending at least 5 - 10 minutes, can potentially save you some interest cost.

If you are unsure, you can engage us, we love to explore options and create an opportunity to grow your wealth.

👉 info@skfg.co.nz
👉0210749825

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More messages from your neighbours
5 days ago

Poll: Do you think NZ should ban social media for youth?

The Team from Neighbourly.co.nz

The Australian Prime Minister has expressed plans to ban social media use for children.

This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.

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Do you think NZ should ban social media for youth?
  • 85.6% Yes
    85.6% Complete
  • 13.3% No
    13.3% Complete
  • 1.1% Other - I'll share below
    1.1% Complete
2030 votes
4 days ago

What's your favourite recipe for courgettes?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.

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17 hours ago

Need Help with Moving a Bed

Mornay from Ranui

Hi Everyone. Is there someone that can help me move a queen size bed from East Auckland (Cockle Bay) to Ranui.