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CPIA Article – Nov 2017

I am happy to be writing another column as principal sponsor of CPIA. We are coming towards the end of another busy year and I am excited to see what the future holds.

Its business as usual after the election with NZ swap rates very flat. The Reserve Bank mandate has been signed off but a review will occur. Sales are slow and house prices are stable, meaning the need for LVR rules has gone – hopefully we will see something happen there in the new year.

As far as interest rate strategy goes, one year roll-overs remain effective. This allows us to keep our eyes on the ball and if rates do tweak upward it is either free or cheap to hop out. Interest only roll-overs remain difficult, as we are seeing that the banks/RBNZ want principal and interest repayments on investment loans once the initial five year interest only period has expired. If this is happening to you, give us a call as we may be able to help.

It’s important to always assess your portfolio and how it is working for you. Potential legislative changes also need to be taken into consideration when looking to the future. We will continue to keep one eye on the new Government and how the incoming changes could affect our clients. Part of investing in property is ensuring your portfolio is safe and protected. Our insurance specialist Craig Collins works exclusively with our clients to provide them with a number of options to protect their portfolio, including risk and income protection. Moving forward, we will continue to focus on offering a complete service to our valued clients.

If you would like to chat about your portfolio or your future property goals, give Tony Mounce Mortgages & Insurance a call on 0800 MOUNCE.

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