ANZ Bank and other Kiwi banks will raise their mortgage rate next week. They will be raised by 0.2%. However, the mortgages’ need is less than 2 to 3 month ago.
Category: Investment
OCR 3.5%
Reserve Bank of New Zealand announced that they raised OCR rate to 3.5% (0.25% up) this morning. However, they won’t increase OCR this year. So, Kiwi dollar fell sharply to US dollar and Japanese Yen. ANZ Bank will increase housing loan rates to 0.2% ~ 0.3% in a few days.
Mortgages Restriction for non-residents
According to the property broker, there are some restrictions on mortgages for non-residents which is prevailing from last month because property prices in Auckland are now 10 times higher than Kiwi average revenue. The government would not be criticized by the citizens. There will be a national votes for parliament members. They should have some answers for voters.
Investment in NZ
Is investment difficult to do? I don’t think so because people always give up investment once they make a failure in investment. Although investments are not so easy for a person who has no idea about them, It may be easier once people learn about investments.
Investment in NZ
Investment in New Zealand
It is easy to find opportunities to invest in both equities and property in New Zealand.