Posts by adviceHQ
525 days ago

Property / Finance Changes from 1 July 2024

Financial Adviser, Director from adviceHQ

🎤 July 1 brings a raft of changes to the finance and property market:

Bright-line Test:
✅ Now 2yrs (previously up to 10yrs).


Deposit Requirements:
✅ 30% deposit for investment properties (previously 35%).
✅ 20% lending available for low deposit properties (previously 15%).

Debt-to-Income (DTI) Ratios:
➖ DTI ratio restricted to 6 x for owner-occupier lending (20% exception).
➖ DTI ratio restricted to 7 x for investor lending (20% exception).

Credit Contracts and Consumer Finance Act (CCCFA) Reforms:
✅ Commerce Minister Andrew Bayly and Housing Minister Chris Bishop said the government is revoking 11 pages of what it calls "overly prescriptive affordability regulations."

These changes should stimulate activity in the finance and property market, contact adviceHQ for independent financial advice to help you secure your future.

#adviceHQ #DTI #LVR #CCCFA

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More messages from your neighbours
3 hours ago

Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝

The Team from Neighbourly.co.nz

There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.

Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔

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Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
  • 77.8% We work hard, we deserve a break!
    77.8% Complete
  • 7.4% Hmm, maybe?
    7.4% Complete
  • 14.8% Yes!
    14.8% Complete
54 votes
6 days ago

A riddle to start the festive season 🌲🎁🌟

The Riddler from The Neighbourly Riddler

I'm a fruit. If you take away my first letter, I'm a crime. If you take away my first two letters, I'm an animal. If you take away my first and last letter, I'm a form of music. 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.

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4 hours ago

YUM CHA $5 STEAMED DIM SUM AT GOLDEN ROOSTER, 100 Risedale Road, Rosedale

Helen from Totara Vale

Treat yourself to a delicious Yum Cha $5 each steamed dim sum dishes 😁🥢☕️ Open for Yum Cha 7 days Monday - Sunday 11am - 3pm and are centrally located in Albany at 100 Rosedale Road, Rosedale near to Tai Ping Supermarket. Parking outside the door. Dine in or takeaway available. How cool is the china & teapot with the rooster 🐓 too!! Yummy, tasty dumplings what a bargin!! Cheers Helen 😁

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