How do I submit an offer on a house?
When buying a home it is important to remain rational and to do your homework. A house is worth the maximum......
Consumer New Zealand have produced their latest KiwiSaver satisfaction ratings and it’s sobering reading for nearly all New Zealand KiwiSaver providers.
On average, only 48% of Kiwis are satisfied with their KiwiSaver provider, down from 52% in 2018.
We live in an age of convenience. Whatever we want, we can have delivered to our doors - increasingly within minutes rather than hours or days. This convenience is useful, we’ve all experienced the struggles of being time-poor so where we can make our lives easier, we jump at the chance.
But does this convenience come at the risk of our own well-being? The latest research from AIA/Sovereign gives us some food for thought.
Retaining staff is a challenge faced by all Kiwi employers, no matter how big or small. The current employment climate with its low unemployment and rising wages is amplifying the challenge for many businesses as staff review their options and take increasing responsibility for their own career paths.
The first of April brings with it a new financial year for New Zealanders so this week we thought we would cover the major changes around Taxation and KiwiSaver that kick in from 1 April 2019.
The horrendous tragedy that took place in Christchurch this month has brought back in to focus the concept of ethical (socially responsible) investing. In the wake of this horrible event, some KiwiSaver funds have chosen to sell their shares in Facebook whilst the NZ Super Fund is set to withdraw from gun investments entirely.
ASB and Kiwibank have cut interest rates to two-year lows, the Auckland auction clearance rate for last week hit a five-month low at 29% and GDP growth is predicted to soften. Yet in February, Harcourts saw sales increase in the Wellington Region by 7%, Christchurch 6.3% and the South Island 2% whilst Barfoot & Thompson saw a 28% reduction in sales in Auckland. The New Zealand property market is acting in a localized fashion that we have not seen for several years, what’s driving these varying levels of performance?
When buying an apartment, it’s likely to be one of the largest purchases you will ever make. You’ll will need to talk to your Mortgage Adviser, Lawyer, Valuer, Property Inspector and deal with the Real Estate Agent.
If you’re looking to invest in property it’s very important to have an investment strategy. Long term property investing can form part of retirement planning and generally....
A mortgage is essentially an obligation to repay a debt, with the property purchased being the collateral or security on which the loan is obtained. Mortgages are either interest-only, principal and interest, with either fixed or variable interest rate options
When buying a house, it’s likely to be one of the largest purchases you will ever make. You’ll will need to talk to your Mortgage Adviser, Lawyer, Valuer, Property Inspector and deal with the Real Estate Agent.
Generally, you’ll need a minimum deposit of 5% of the purchase price. If you have 20% or more as a deposit, that’s even better, as the mortgage lender won’t normally require mortgage insurance to guarantee your loan.
The larger your deposit, the less you’ll actually have to borrow and subsequently repay.
If investing however rather than buying your own home your borrowing arrangements may be completely the opposite; 40% deposit, interest only mortgage. Plan appropriately in conjunction with your adviser
“When asked simple questions about global trends – what percentage of the world’s population lives in poverty; why the world’s population is increasing; how many girls finish school – we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess teachers, journalists, investment bankers, and Nobel Laureates.
When buying a home it is important to remain rational and to do your homework. A house is worth the maximum that someone is prepared to pay for it. The more information you have, the better position you will be in to make the right decision.
Richard Meadows wrote an excellent article on the late Jack Bogle in The Sunday Star Times on the 27th of January. Investors and advisers new to investment should read that article. Jack Bogle was the founder of the Vanguard Group – the second biggest investment firm in the world....
A few months ago, The Commission for Financial Capability issued its 2017/2018 Annual report. View here
The Commission, in my opinion one of the great things previous Governments have established & supported, has amongst its key goals, raising the awareness of the value of financial capability across NZ.....