It is tempting to leave all borrowings on floating, waiting for the “low point”. However, that point may be very hard to pick with so many variables. Our rates are also dependent on overseas events and no one, including the economists can accurately predict the events that could happen. Rather than try and predict the bottom of [...]
Seven Money Mistakes to Avoid
July 8, 2012 By Leave a Comment
We all make financial mistakes and they add up Academic research tells us that emotions and experiences can distort our financial decisions. While our mistakes are rarely the result of a single mental error, our feelings can make us fumble. Below, seven big financial mistakes and the psychology behind them. 1. Saving with the right [...]
Gift duty abolished
June 3, 2012 By Leave a Comment
It’s now official. The legislation to abolish gift duty from 1 October 2011 has been enacted. This means that there will be no gift duty payable for gifts made on or after 1 October 2011 and that gift statements will no longer be required to be filed with the IRD for gifts made on or after 1 [...]
Looking for good properties to buy?
June 3, 2012 By Leave a Comment
Finding it hard to find well priced property for residential investment ? By the time a property is advertised in the local paper or on TradeMe the real estate agents have already contacted their repeat customers like major investors and property finders Often these people are given more properties than they can buy themselves and [...]
7 Ways to tame you mortgage
June 3, 2012 By Leave a Comment
With interest rates falling this is a great opportunity to reduce your loans. If you have a revolving credit facility this will mean that more funds become available as your balance reduces which means that this could add up to another deposit to purchase another property since the limit stays the same (unless its a [...]
Are you paying too much for your mortgage?
June 3, 2012 By Leave a Comment
Are you paying too much for your mortgage? Floating rates at 5.25% are on offer for most borrowers (subject to bank approval of course) but if you don’t ask then you’ll carry on paying the rate you are on, the banks aren’t about to offer a cheaper rate unless you ask for it. What difference [...]
four reasons NZ will not become the Athens of the Pacific
June 3, 2012 By Leave a Comment
Article written by Damien Grant- NZ Herald June 3 We live in the best of times – interest-free student loans, pensions for all, free health care, free education for our children and free ferry rides for our grandparents. Interest rates are low, our dairy remains in demand, our banking system is untainted by the winds [...]
Economic outlook 2012
March 21, 2012 By Leave a Comment
This very informative article was provided by BMC (Business Management Consultancy) Paul Ayers. For further information or Business Consultancy go to www.thebmc.co.nz or email Paul@thebmc.co.nz (Please note; this article was written in January so some events may already have occured, however the article is still very relevant) 1. The global situation: 2. Here in New Zealand: [...]
How does money work?
February 2, 2012 By Leave a Comment
We have all heard that as New Zealander’s we need to learn to save more rather than spend. Impulse buying is quick and easy but finding that money to pay for essentials, once it has been spent is not always as easy. Years ago when my family was young, I discovered that we managed financially [...]
Headlines
February 1, 2012 By Leave a Comment
Building consents at lowest level in 46 years, stats NZ figures show It’s generally been known that once the building industry picks up that the NZ economy starts to move since more employment filters through the various supply companies involved with construction. We’re certainly not out of the recession but compared to what I am hearing [...]
