America’s Cup sailing towards Auckland? Here comes the America’s Cup! Many of you will remember the 2000 America’s Cup event (and there’s a photo in this article which is a great reminder). The atmosphere was electrifying and the entire city felt like it was abuzz. To have that energy here again will be another boost […]
The official cash rate may be on hold, but lenders are steadily pushing interest rates up. Median five-year rates are up at nearly 6%, with floating rates not much lower. Two-year rates are looking like good value at just over 5%, and the one-year rate is pretty attractive. Of course those are the carded rates; […]
For the first time in five years, inflation has reared its head – the consumers price index rose 2.2% year-on-year, the highest increase and the first time it’s hit 2% since late 2011. That’s come as a surprise to the central bank and most forecasters. Previously it looked as though the official cash rate (OCR) […]
Sadly, our crystal ball is still broken. Usually, we see a jump in prices in March or April in Auckland – so far, it’s looking flat, as it has done since the end of last year. Peter Thompson, of Barfoot & Thompson, says we need to wait until the March data is out before we […]
SuperCity awarded runner up National Brokerage of the Year. New Zealand Financial Services Group is an ‘aggregation’ group for the mortgage advisory sector, and has the lion’s share of Mortgage brands and advisors associated to them, including us here at SuperCity. Over the past 3 years, the SuperCity team have been tirelessly focsed upon improving […]
Rockstar rebound for NZ Economy. New Zealand’s economy is once again on track to outperform the competition in 2017, according to a report by HSBC. The authors point to several factors that support their prediction of 3% growth this year, including: Ongoing budget surpluses, “in stark contrast to Australia’s more challenging budget situation”. A recovering […]
Here comes 2017 – and higher interest rates. We all knew it couldn’t last forever. Interest rates have started to rise, with rates tables breaking out a rash of red arrows, especially for the longer terms. Floating rates are also starting to nudge upwards, despite the incredibly low 1.75% official cash rate. There’s some good […]
SuperCity team expands to keep up with demand. It’s a confusing time for borrowers and banks, which means our team at SuperCity has never been busier. With all the noise coming from the Reserve Bank and the media, mixed messages make it hard to interpret your circumstances and your borrowing power. Just last week we […]
Can you still borrow under new LVR rules? The start of October sees the new investment property loan-to-value rules come into play, as recently announced by the Reserve Bank. For some, it’s enough to create some nervousness and confusion around potential further property investing and borrowing. But, as with every other change to the lending […]
Deals for investors at 80% LVR. Despite the Reserve Bank’s new 40% deposit rules, the good news for investors is that there are still opportunities to buy with a 20% deposit, paying around 1% in additional interest. It’s not much of a hardship considering how low interest rates are right now. Last month the OCR […]
