Saving Thousands with Mortgage Refinance Stay ahead in the ever-changing New Zealand real estate market, by remaining vigilant and exploring mortgage refinancing options. With fluctuating prices, interest rates, and government regulations, a mortgage refinance could save you thousands! Let Platinum Mortgages’ guide you through the process and secure your financial advantage. The Power of Refinancing Your Mortgage If you embark on a mortgage refinance with a different bank, you might be able to get more cash back when you need it and save thousands of dollars in interest, with potential lower ..read more

Property Investment – Revolutionised The time has come for some relief for Property Investment. Legislation is being reshaped. The government promises to implement a suite of measures to provide relief to property investors. It also fosters a more transparent and equitable real estate environment. This article delves into the recent policy changes. Changes include updates to the CCCFA, bright-line test, landlord-tenant relations, interest deductibility, amendments to the Building Act, and more. CCCFA Reforms Encourage more Bank Approvals Last year, the Credit Contracts and Consumer Finance Ac ..read more

So you have sold your home? Congratulations! Now you need to master the pre-settlement process.  This comprehensive step-by-step guide, provides insights into the following: Pre-settlement inspections, finances, insurance and everything else in between. Journey into the final handover, to ensure a seamless process. Conditional Sale and Purchase Agreement Signed Great, now the pre-settlement journey starts. Here is what you do next: Action STEPS Responsibility Tell your bank Lawyer Check that all your appliances included in the sale, all lights etc are working Seller Make arra ..read more

This article is for New Zealanders moving to Australia, and provides guidance and factors to consider when deciding whether to sell or rent out your NZ property. This decision becomes a crucial aspect of your relocation strategy. Additionally, we delve into leveraging Kiwi home equity for a mortgage top-up to purchase in Australia. Sell or Rent Out? Whilst difficult, New Zealand citizens must weigh the options of selling their property for immediate liquidity, or renting it out for a steady income stream. Consider the implications of each decision on your long-term financial gains and the cha ..read more

The article explores the intricacies of interest deductibility changes in New Zealand, particularly in the context of the transition from Labour’s policy to National’s proposed alterations. Key points covered include the impact on property investors’ tax bills, exemptions for certain property types, and illustrative examples demonstrating the financial implications for investors under National’s policy. Back in 2021, the Labour government in New Zealand introduced significant changes to tax laws, commonly known as “interest deductibility.” These changes aimed to increase taxes for property inv ..read more

Yes, you can save thousands on your mortgage with flatmates or boarders. It also relieves the financial stress with the high cost of living in NZ today. Many homeowners are exploring shared living to maximise home savings. This is the ultimate guide to ensure mutually beneficial, harmonious and sustainable shared living arrangements. How Flatmates Can Save You Thousands on Your Mortgage Interest Initial Mortgage Details: Mortgage Amount: $750,000 NZD Interest Rate: 7% Flatmate’s Contribution: Flatmate pays $300 per week. Calculating Savings: $300 pw x 52 weeks = $15,600 per annum x 5 year ..read more

The Role of a Building Inspection Report This article provides a Building Inspection Report Guide for both NZ Buyers and Sellers, which is an important tool in the buying and selling process.  Building Inspections are a comprehensive assessment of the structural integrity and overall condition of a property.  We delve into the intricacies of what these reports encompass and the nuances of their coverage, therefore a critical tool for both buyers and sellers. What is Generally Covered in Building Inspection Reports Structural Assessment Visual Inspection of the foundation, walls, ro ..read more

It is crucial to take the time to plan and strategize when you are thinking about getting ready to sell your property. Here’s a comprehensive guide to help you prepare for a successful sale. When getting ready to sell, consider the following: Current Market Value Before starting the selling process, gather insights into your property’s current market value: Research, research, research. This can be done online, or consult a property valuer, or seek opinions from local real estate agents.  The market is dynamic at the moment, and the heart value of your home is not necessarily the head v ..read more

The New Zealand Housing market upturn is evident in the most recent three months of 2023, giving homeowners, investors and possible buyers hope. We discuss the key indicators of a housing market upturn here in New Zealand. This change is shown by a number of important signs, including more homes for sale, faster sales, more first-time buyers, more investors interested in the market and higher property prices. Key Indicators of Housing Recovery As market dynamics evolve, key indicators point towards positive changes. These include: More sales listings, show demand is growing: The rise in the ..read more

In this article we look at the New Zealand Property Market trends and discuss which avenue comes first, when buying and selling your home. Market Trends CoreLogic recently released data that shows New Zealand’s housing market is getting stronger, showing an upturn in the property market trend. This is because more buyers are coming back to the market. Property prices are likely to go up in the coming months because of this revival. We talk about the NZ housing market and latest trends. The influx of buyers will likely continue as younger first-time buyers benefit from lower home prices, higher ..read more