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The Reserve Bank cut the OCR by 0.50% in a (late) bid to support households and businesses. The key question now: what will the banks pass on?
Most lenders review and adjust their fixed rates on Monday or Tuesday, so we may have to wait and see what next week brings.
Banks are quick to pass … View moreThe Reserve Bank cut the OCR by 0.50% in a (late) bid to support households and businesses. The key question now: what will the banks pass on?
Most lenders review and adjust their fixed rates on Monday or Tuesday, so we may have to wait and see what next week brings.
Banks are quick to pass on changes to floating rates, but tend to be more considered when it comes to fixed rates, where the majority of Kiwis hold their mortgages. While some lenders had already started trimming rates ahead of the OCR decision, the 2yr swap rate has fallen 0.56% since the last OCR decision in August — suggesting there’s still room to move.
The next question: what does the future hold?
“The Committee remains open to further reductions in the OCR as required for inflation to settle sustainably near the 2 percent target mid-point in the medium term.” — RBNZ Monetary Policy Statement, October 2025
If you’re coming up for refixing or considering a restructure/refinance, now’s the time to review your options.
Independent financial advice with adviceHQ
#RBNZ #ocr #mortgagerates #independentfinancialadvice #AdviceHQ
As the RBNZ prepares to announce its OCR decision at 2pm today, it’s worth reflecting on its stated purpose and objectives from the latest Annual Report:
PURPOSE
“We work to enable economic wellbeing and prosperity for New Zealanders.”
OBJECTIVES
1️⃣ Economic Objective — … View moreAs the RBNZ prepares to announce its OCR decision at 2pm today, it’s worth reflecting on its stated purpose and objectives from the latest Annual Report:
PURPOSE
“We work to enable economic wellbeing and prosperity for New Zealanders.”
OBJECTIVES
1️⃣ Economic Objective — Achieving and maintaining price stability over the medium term ❌
2️⃣ Financial Stability Objective — Protecting and promoting the stability of New Zealand’s financial system ❌
3️⃣ Central Bank Objective — Acting as New Zealand’s central bank❓
By the time the new RBNZ Governor takes office on 1 December, the dust may have settled on today’s rate decision.
The bigger question is whether the path ahead restores confidence in the Bank’s direction.
#RBNZ #OCR #mortgagerates #adviceHQ
As noted in my last post, falling wholesale funding costs were creating margin for banks to cut fixed rates. We’ve now seen the first moves:
👉 1-year fixed cut to 4.49%.
This follows the sharp drop in the 2yr swap rate (-0.2%), driven by weaker GDP data and markets reassessing the OCR … View moreAs noted in my last post, falling wholesale funding costs were creating margin for banks to cut fixed rates. We’ve now seen the first moves:
👉 1-year fixed cut to 4.49%.
This follows the sharp drop in the 2yr swap rate (-0.2%), driven by weaker GDP data and markets reassessing the OCR terminal rate.
For borrowers, this shows how quickly sentiment shifts:
▪️ GDP weakness → markets price in lower OCR.
▪️ Swap rates fall → banks sharpen retail pricing.
adviceHQ provides independent financial advice to help clients position ahead of these shifts — capturing opportunities when markets move.
#adviceHQ #mortgagerates #OCR #independentfinancialadvice
The RBNZ Board has announced Dr Anna Breman as the next Governor, starting 1 Dec 2025 for a five-year term.
Current Governor Christian Hawkesby will stay on until 30 Nov 2025 to ensure a smooth transition.
A big moment for the central bank – and the first woman to hold the role.
#RBNZ #OCR … View moreThe RBNZ Board has announced Dr Anna Breman as the next Governor, starting 1 Dec 2025 for a five-year term.
Current Governor Christian Hawkesby will stay on until 30 Nov 2025 to ensure a smooth transition.
A big moment for the central bank – and the first woman to hold the role.
#RBNZ #OCR #adviceHQ #independentfinancialadvice
Kiwibank economists are calling on the RBNZ to move faster and harder with rate cuts:
🔻50bps in Oct to 2.5%
🔻25bps in Nov to 2.25%
🔻Possibly down to 2.0% by Feb 2026
With 10 of 16 industries shrinking, the risk of waiting is deeper economic scarring — weaker investment, rising … View moreKiwibank economists are calling on the RBNZ to move faster and harder with rate cuts:
🔻50bps in Oct to 2.5%
🔻25bps in Nov to 2.25%
🔻Possibly down to 2.0% by Feb 2026
With 10 of 16 industries shrinking, the risk of waiting is deeper economic scarring — weaker investment, rising unemployment, and further erosion of confidence.
Full article below.
#adviceHQ #mortgagerates #OCR #RBNZ
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📉The 2yr swap rate fell 0.16% yesterday, following GDP data showing a -0.9% in the Jun qtr. This is the same period when the RBNZ was speculating on OCR settings – yet those figures are now outdated, with the Sep qtr nearly over.
On the ground, we’re seeing green shoots: auction rooms are… View more📉The 2yr swap rate fell 0.16% yesterday, following GDP data showing a -0.9% in the Jun qtr. This is the same period when the RBNZ was speculating on OCR settings – yet those figures are now outdated, with the Sep qtr nearly over.
On the ground, we’re seeing green shoots: auction rooms are busy with strong bidding activity in the Sep qtr.
👉 What does this mean for mortgage holders?
The probability of a OCR terminal rate below the forecast 2.5% is increasing — giving banks scope to cut fixed mortgage rates as funding costs ease.
adviceHQ provides independent financial advice to help clients navigate these shifts — ensuring decisions aren’t driven by a single bank’s view, but by what’s best for you.
#mortgagerates #OCR #RBNZ #independentfinancialadvice #adviceHQ
The latest REINZ data shows a mixed picture, with national medians holding broadly steady but regional variations becoming more pronounced.
🔹 Auckland +1.3% (to $964,000)
🔹 NZ Excl Akl: +1.5% (to $690,000)
Regional standouts:
⬆ Gisborne +11.3% (to $690,000)
⬆ Southland +8.9% (to… View moreThe latest REINZ data shows a mixed picture, with national medians holding broadly steady but regional variations becoming more pronounced.
🔹 Auckland +1.3% (to $964,000)
🔹 NZ Excl Akl: +1.5% (to $690,000)
Regional standouts:
⬆ Gisborne +11.3% (to $690,000)
⬆ Southland +8.9% (to $465,000)
⬆ West Coast +7.8% (to $385,000)
🏡 House Price Index: up 0.4% year-on-year, continuing a steady five-year growth trend of 3.2% p.a.
⏱ Days to sell averaged 48, two days faster than August 2024, though regional differences remain stark (e.g., West Coast up 19 days, Nelson/Marlborough down 11 days).
Sales volumes, slowed:
🔹 Down 3.7% YoY nationwide (5,866 sales).
🔹 Waikato (+13.2%), Gisborne (+11.1%), and Southland (+8.1%) bucked the trend with solid growth.
Supply is lifting:
🔹 New listings up 9% YoY (8,769 nationally).
🔹 Inventory at 30,000 – a 1.4% increase.
➡️ Takeaway: While sales are easing in some regions, most are still showing year-on-year price growth. With listings rising and days-to-sell stabilising, spring will be a key period to watch.
#REINZ #adviceHQ
At adviceHQ , giving back to the community is something we truly value. One cause we’ve been proud to support year after year is the Special Children’s Christmas Party.🎄
As our business continues to grow, so too does our contribution to the community. Supporting this event means helping to… View moreAt adviceHQ , giving back to the community is something we truly value. One cause we’ve been proud to support year after year is the Special Children’s Christmas Party.🎄
As our business continues to grow, so too does our contribution to the community. Supporting this event means helping to create magical memories and putting smiles on the faces of kids who deserve an extra-special Christmas.
While the big corporates are the main sponsors, we know that every bit counts — and we encourage businesses of all sizes to get behind this worthy cause.
For details on how you can support, reach out to zac@scevents.co.nz or 022 544 1109.
#FeelGoodFriday #communitysupport #givingback #christmasspirit #specialchildrenschristmasparty #adviceHQ
"On Wednesday 20 August, the Committee voted on the options of either reducing the OCR by 25 basis points or reducing the OCR by 50 basis points. By a majority of 4 votes to 2, the Committee agreed to decrease the OCR by 25 basis points to 3 percent."
"Further data on the speed of… View more"On Wednesday 20 August, the Committee voted on the options of either reducing the OCR by 25 basis points or reducing the OCR by 50 basis points. By a majority of 4 votes to 2, the Committee agreed to decrease the OCR by 25 basis points to 3 percent."
"Further data on the speed of New Zealand’s economic recovery will influence the future path of the OCR. If medium-term inflation pressures continue to ease as expected, there is scope to lower the OCR further."
Notably, the terminal OCR forecast has shifted lower – from 2.85% in Q1 2026 to 2.55%, a 0.30% drop since the last Monetary Policy Statement.
Markets reacted with the 1-year swap rate falling 0.25%, signalling expectations of further easing.
This leaves the door open for retail banks to trim fixed mortgage rates in the coming weeks.
With 50% of borrowers due to refix this year, this could mean some welcome relief on mortgage repayments as the year progresses.
👉 If you’re coming up for refix or want to review your mortgage strategy, now’s the time to start the conversation. Call adviceHQ today.
#adviceHQ #RBNZ #ocr
A recent survey by the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) shows 72% of Kiwis without a home believe buying is out of reach. But many don’t realise there are more pathways than just their own bank.
At adviceHQ , we work with both banks and non-bank lenders to find … View moreA recent survey by the Finance and Mortgage Advisers Association of New Zealand (FAMNZ) shows 72% of Kiwis without a home believe buying is out of reach. But many don’t realise there are more pathways than just their own bank.
At adviceHQ , we work with both banks and non-bank lenders to find solutions for first-home buyers, self-employed, or anyone who doesn’t fit the standard mould.
👉 If you’ve been told “no” by a bank, it may simply mean “not this way.”
adviceHQ can help you understand your options, compare lenders, and find a way forward.
#adviceHQ #FirstHomeBuyer #MortgageAdvice #HomeOwnership #IndependentFinancialAdvice
The Reserve Bank of Australia has cut its cash rate by 0.25% to 3.6%. The RBNZ followed the RBA last round, and with economic momentum flatlining and unemployment above 5%, there’s a strong chance they could do the same.
NZ retail banks are already ahead of the curve, trimming fixed mortgage … View moreThe Reserve Bank of Australia has cut its cash rate by 0.25% to 3.6%. The RBNZ followed the RBA last round, and with economic momentum flatlining and unemployment above 5%, there’s a strong chance they could do the same.
NZ retail banks are already ahead of the curve, trimming fixed mortgage rates. The 2-year swap rate has also dropped 10bps in the past week, signalling the market’s expectations.
If you’re coming up for a refix or considering restructuring your mortgage, now’s the time to review your options.
#RBNZ #RBA #interestrates #mortgagerates #independentfinancialadvice #adviceHQ
Stats NZ has just released the June 2025 quarter data, showing unemployment has edged up to 5.2% — the highest level since September 2020. Key stats:
📊 Men: 4.9%
📊 Women: 5.4%
📊 Total: 5.1%
Employment is a key driver of the economic cycle and a barometer of consumer confidence. A … View moreStats NZ has just released the June 2025 quarter data, showing unemployment has edged up to 5.2% — the highest level since September 2020. Key stats:
📊 Men: 4.9%
📊 Women: 5.4%
📊 Total: 5.1%
Employment is a key driver of the economic cycle and a barometer of consumer confidence. A softening labour market increases the likelihood of interest rate cuts from the Reserve Bank as economic conditions cool.
NOTE: Interest rates price in future OCR moves — often well in advance.
If you're feeling uncertain or want to explore your options, let's talk.
#StatsNZ #UnemploymentRate #InterestRates #MortgageRates #MortgageAdvice #IndependentFinancialAdvice #adviceHQ
The Government has approved Kiwibank's plan to raise up to $500 million in new local capital — a move aimed at growing a stronger, locally-owned bank that can better compete with the Aussie-owned giants.
Here’s why it matters to you:
✅ Still majority Kiwi-owned.
✅ More competition… View moreThe Government has approved Kiwibank's plan to raise up to $500 million in new local capital — a move aimed at growing a stronger, locally-owned bank that can better compete with the Aussie-owned giants.
Here’s why it matters to you:
✅ Still majority Kiwi-owned.
✅ More competition = better deals.
✅ Built for growth — not just now, but into the future.
To give you some perspective, this injection could enable Kiwibank to support up to $4 billion in business lending or $10 billion in home lending, offering much-needed fuel to compete more aggressively in the local market.
adviceHQ is proud to be on Kiwibank’s exclusive partner panel — a level of access not available to all mortgage advisers.
If you’re looking to buy, sell, refix, refinance, or grow — get in touch.
#AdviceHQ #independentfinancialadvice #kiwibank #mortgages
The latest June 2025 data from REINZ shows a property market finding its footing after a bumpy couple of years — and while the national figures paint a picture of stability, regional results show a more nuanced landscape.
📍 House Price Index (HPI): +0.3% vs June 2024.
📍 Sales Volumes: … View moreThe latest June 2025 data from REINZ shows a property market finding its footing after a bumpy couple of years — and while the national figures paint a picture of stability, regional results show a more nuanced landscape.
📍 House Price Index (HPI): +0.3% vs June 2024.
📍 Sales Volumes: +20.3% vs June 2024.
📍 New Listings: -2.5% vs June 2024.
📍 Total Inventory: +2% vs June 2024.
📍 Days to Sell: 50 days, +3 vs June 2024.
REINZ CEO Lizzy Ryley says “The unchanged national median price suggests stability, yet this reflects contrasting regional dynamics, with some areas experiencing renewed growth year-on-year.”
At adviceHQ , we’re helping clients to make the most of this stable-but-cautious market.
📩 Ready to buy, sell, refinance? Let’s talk.
#AdviceHQ #independentfinancialadvice #reinz #nzpropertyinvestor
Another RBNZ flip-flop last week — holding the OCR at 3.25% and stirring up more uncertainty with talk of potential cuts later, despite their mandate to promote stability.
📉 Most economists and market watchers still agree: we’re at or near the bottom of the interest rate cycle, with … View moreAnother RBNZ flip-flop last week — holding the OCR at 3.25% and stirring up more uncertainty with talk of potential cuts later, despite their mandate to promote stability.
📉 Most economists and market watchers still agree: we’re at or near the bottom of the interest rate cycle, with maybe one or two modest cuts to come — depending on how the economy tracks. This is reflected in the 2yr swap rate (which influences bank funding and fixed-rate pricing), which has remained relatively flat over the past 3mths.
🤔 Which begs the question — why not cut 0.50% last time and then hold, instead of adding more uncertainty?
What hasn’t changed is the value of independent financial advice to help make smart decisions — whether you’re refixing, refinancing or restructuring.
#adviceHQ #independentfinancialadvice #mortgagerates #RBNZ #ocr
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